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.