Online gambling revenue in Portugal amounted to 65.4m (55.6m/$72.3m) in the fourth quarter of 2019, with national gambling regulator Servio Regulao e Inspeo de Jogos do Turismo de Portugal (SRIJ) noting growth across all areas of the market.
Revenue for the three months through to 31 December 2019 was up 52.1% year-on-year from 43.0m in the final quarter of 2018. Q4 also represented the eighth consecutive quarter in which the market set a new revenue record, surpassing the previous high of 54.1m in Q3.
Sports betting revenue for the quarter amounted to 33.4m, up by 55.0% on the previous year. Consumers wagered a total of 185.3m, an increase of 67.5% from Q4 of 2018.
Football was the most popular sport to bet on in Q4, accounting for 74.6% of all wagers in the period. Basketball followed in a distant second with 13.3%, then tennis on 6.3%.
Meanwhile, revenue from online games of chance revenue also increased 49.1% year-on-year to 32.0m, while the amount spent by players on such games rose by 47.9% to 852.2m.
Slots were responsible for 69.0% of all online casino bets in Q4, some way ahead of French roulette on 13.6% and poker with a 9.4% share of the market.
A total of 12 approved operators were active in the Portuguese market in Q4, compared to nine in the same period last year. The operators held 20 licences between them, nine of which covered sports betting, with 11 for games of chance.
Licensed operators paid a total of 35.8m in online gambling tax during Q4, an increase of 67.4% on the previous year.
Some 163,900 new account registrations were recorded in the fourth quarter, up from 103,500 in the same period in 2018, while it was also revealed that a total of 390,400 people placed online wagers during the period.
Meanwhile, the SRIJ published figures for the countrys land-based sector, with overall revenue for the market down 0.8% year-on-year to 80.6m.
Gaming machines were the most popular form of land-based gambling during Q4, accounting for 66.1m of total revenue, though this was down 3.5% on the same period in 2018.
Table games revenue was up 15.5% year-on-year to 13.6m, but poker and bingo revenue was down 10.1% to 991,190.
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Portuguese online gambling revenue reaches 65.4m in Q4 - iGaming Business
