Portugal’s gambling market has seen an improvement in revenue from online platforms in the second quarter of 2024, but revenue from land-based operations decreased during the same period in comparison to the previous year.
Serviço de Regulação e Inspeção de Jogos, the country’s gambling regulator, reported a 27.1% year-over-year increase in online gross revenue to €261.8m (Q2 2023: €205.9m), generated by 17 licensed online operations.
Of the total online revenue, SRIJ stated that 60.5% came from games of chance operations, while 39.5% came from online sports betting.
Games of chance revenue stood at €158.5m at the end of the quarter, up 29.9% YoY (2023: €122m), with betting volume of €4.37bn (2023: €3.24bn).
Slot machines had the largest share of games of chance bets during Q2 with 82.3%, followed by French roulette, blackjack, dice games and poker.
Meanwhile, sports betting revenue rose by 23.1% to €103.3m (2023: €84m), with betting volume of €462.3m (2023: €357.6m).
Football betting had the largest share of sports wagers during the period at 69.3%, followed by tennis, basketball and other sports.
With 17 licensed online operators, SRIJ noted that total players were up 16.2% YoY to 4.4 million and up by 3.5% in comparison to the previous quarter.
New registrations grew by 51.2% YoY to 287,600, while self-exclusion rose by 41.5% compared to Q2 2023, reaching 256,900.
As for land-based operations, SRIJ reported that revenue fell by 4.5% YoY to €63.7m (2023: €66.8m), but up 1.3% in comparison to the previous quarter.
Per gaming type, slots generated 78.41% of all land-based gaming revenue during the quarter, with other casino games filling in the remaining 21.59%. Roulette had the largest share of these other casino games at 36.5%, followed by baccarat, dice games, blackjack and poker.
