Portugal Gambling Industry Sets Record in Q4 2022

Portugal's gambling industry set online gaming revenues in the fourth quarter of 2022, hitting €195.3 million, which was up 39.7% from last year.

The numbers showed that sportsbetting and online casino gambling both set revenue records. Online sportsbetting revenues were up 30% to €85.5 million on handle of €458.7 million. Football was responsible for 74.2% of handle, followed by basketball (12.5%), and tennis (7.6%). FIFA's World Cup generated a quarter of all bets placed during the quarter.

Online casino gambling revenues were up 48.3% to €109.8 million on handle of €2.98 billion. Slots were responsible for 79.8% of handle, with roulette next (8.5%), and blackjack (5.5%) rounding out the top three.

There were 340,000 new players registered with online operators, and 60% of those were aged between 25-44. Self-exclusion registrations were also up, hitting 150,900.

The country's gaming regulator SRIJ also revealed that they'd set out 54 notices of closure and 74 blocking orders for sites that were offering services to Portuguese citizens without a licence.