Portugal Sees Online Gaming Revenues Rise in Q3

Portugal's gaming regulator announced that online gaming revenues for the third quarter of 2023 hit €215.3 million, which was an all-time quarterly high for the market.

The number beat the previous record of €122 million, which was set the quarter prior. Games of chance revenues were up 50.5% to €133.4 million, which is also a record. The number also accounted for 62% of all online revenue in the country.

Handle for the quarter was €3.65 billion, up 47.2% and also a record. Slots accounted for 82.3% of the handle, while roulette had 6.4%, and blackjack was at 6.2%.

Sportsbetting revenue during the quarter was up 17.7% to €81.9 million. The numbers did decline slightly from the quarter prior. Handle was €390.5 million, up 12.1%. 71.4% of wagers were placed on football, with 22.2% bet on tennis, and 6.4% was spend on other sports.

During the quarter, there were 196,600 people were on the country's self-exclusion list. There were also 205,200 new online gambling accounts registered during the period. 97,800 accounts were canceled by punters in the quarter.

In terms of land revenues, the sector jumped up 14% from last year to €76.1 million. Slot revenues were up 1% to €57.2 million and accounted for 75.1% of all land revenue during the quarter. Table games and casino content made up the rest of that total.

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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