Portugal Generates €122.6m in Online Betting Revenue

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Portugal's national gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) revealed this week that the industry generated €122.6 million in online betting revenues for 2017.

The regulator revealed that the government was able to also generate €54.2 million, as the country taxes 12% on turnover on betting. The last three months of the year generated a high of €36.5 million. 2017 was the first full year for the online industry, with sportsbetting generating the majority of the revenue (€68.1 million).

Casino revenues brought in €54.4 million, with slots making up 45% of that amount. Cash poker was second at 19.7% of revenues, French Roulette was third with 19.2% of the revenue, while blackjack brought in 9.2%. Poker tournaments made up 6.7%.

The poker industry is healthy in Portugal, and it appears that the vertical will continue to expand. The country has signed compacts with France and Spain, sharing poker players between the countries. Italy is also on the horizon, continuing to expand the player base.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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25 February 2018 - 9:00pm
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The Portugal gambling numbers looks really decent and no wonder that sportsbeting prevails in it, obviously poker will have a good margin for growth too with that sharing players pools that includes also France and Spain punters.