Following the release of the Serviço de Regulação e Inspeção de Jogos (SRIJ) report, we’ve prepared a summary of the most important highlights from Portugal’s online gambling industry.
Brazil accounts for 51.6% of online players in Portugal, some figures.
The sector wrapped up Q4 2024 with €323 million ($350M USD) in revenue, marking an impressive 42% year-over-year growth.
What’s Driving the Surge?
- Sports betting boom: Football led the way, accounting for 75% of all bets, with the UEFA Champions League, Portugal’s Primeira Liga, and the English Premier League as top competitions.
- Online casinos dominate: Casino games generated 57% of total revenue, with slot machines taking 80% of all wagers.
- More players joining the action: Portugal now has 4.7 million registered players, a 15% increase from 2023.
Portuguese authorities cracked down on illegal gambling, blocking 112 unauthorized sites and issuing 41 shutdown notices. Meanwhile, self-exclusions jumped 36%, with 292,400 players opting out to manage their gambling habits.
Portugal’s PM under scrutiny over Solverde casino payments to family business
The government collected €89 million ($97M USD) in gambling taxes, reinforcing the industry’s growing economic influence. With strong momentum in sports betting and online casinos, Portugal is emerging as one of Europe’s most attractive online gambling markets.
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