Portugal Increases Online Gaming Revenue by € 65.4 Million During 4th Qtr
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Portugal has recently had a buoyant online gaming industry with increasing revenues in all areas of the market. During the last quarter of last year, gambling revenues grew to €65.4 million (£ 55.6m / $ 72.3m).
During the last quarter of 2019, revenues increased 52.1% year-over-year compared to the €43 million recorded in the fourth quarter of 2018. The last quarter of 2019, also became the eighth consecutive quarter in The Portuguese market set a new revenue record. In this way, the €54.1 million peak reached in the third quarter was exceeded.
Sports betting left revenues of €33.4 million for the quarter, that is, 55% more than in 2018. The players bet €185.3 million in total, which meant an increase of 67.5% compared to the fourth quarter of 2018.
The most popular sport in betting during the fourth quarter was football, covering 74.6% of all bets made during this period. Followed by far from basketball with 13.3% and thirdly tennis with 6.3%.
Online gambling revenue also experienced a fabulous 49.1% year-on-year increase to reach € 32.0 million. Total player spending in this sector increased a solid 47.9% to 852.2 million euros.
On the other hand, during the fourth quarter of 2019, slot machines contributed 69.0% of total online casino bets. Ahead of French roulette that increased 13.6% and online poker that had a 9.4% share in the gaming market.
During the fourth quarter of last year, there were 12 authorized operators in total in the Portuguese market, which means an increase of three compared to the previous year. The operators included 20 game licenses, of which 9 were sports betting and 11 were gambling.
The games on the ground didn’t fare so well
The operators with a license from the gaming regulator Serviço Regulação and Inspeção de Jogos do Turismo de Portugal (SRIJ), disbursed a total of €35.8 in online gambling taxes in the fourth quarter. This meant an increase of 67.4% compared to 2018.
During the period, 163,900 new account registrations were also observed compared to 103,500 in the fourth quarter of 2018. It was also known that 390,400 players in total bet online during the period.
The SRIJ released the data corresponding to the land game sector in Portugal, which decreased 0.8% year-on-year to 80.6 million euros.
In this sector, the most popular games of chance were gaming machines during the period, which represented €66.1 million in total revenue. However, it had a decrease of 3.5% compared to the same period in 2018.
On the other hand, income from table games did have a significant increase with a 15.5% year-on-year to €13.6m, although bingo and poker revenues saw a decrease of 10.1% to €991,190.