Reports PORTUGAL - ONLINE UPDATE l 888 Portugal
l Kaizen Gaming International (Betano) l Caravel Entertainment (Moosh) l GM Gaming (Betway) l Bidluck
l Skill on Net (Bacanaplay)
ONLINE GAMBLING REVENUES Online gambling has seen a consistent and steady growth in Portugal. It is said revenues over the last four years have quadrupled. Back in 2017 online gambling saw an average quarterly GGR of €31m compared to €100m by the end of 2020.
Te Portuguese online gambling market was worth around €336.4m in the year 2020 compared to €215.2m in 2019. Tere is a 57/43 split between online casino gaming and sports betting GGR respectively (Q3 2021).
Casino gaming online revenue is pretty much dominated by slots which account for more than 77 per cent of igaming turnover (Q3 2021) followed by French Roulette (9.8 per cent) and then blackjack (5.2 per cent).
In sports betting, football is the most popular sport to bet on making up just over 82 per cent of turnover (Q3 2021) followed by tennis (13.3 per cent).
Te majority (60 per cent) of Portuguese online players are aged between 25 and 44 whilst almost 22 per cent are aged 18-24 years.
Online gambling revenues saw a massive 82 per cent increase during the second quarter of 2021 (compared to Q2 2020) mainly due to the return of a full sporting calendar in 2021 after Covid restrictions were lifted.
Similarly, revenues saw a 35 per cent increase in Q3 2021 with €114.2m compared to the same period in 2020 despite a drop quarter on quarter.
Sports betting GGR saw a 224 per cent increase from €20.8m in Q2 2020 to €67.5m in Q2 2021.
Online casino revenue also saw a 20 per cent increase in the same period to €57.5m with stakes increased by 25.2 per cent year on year to €1.65bn.
It is reported that 162,300 new players signed up for online gambling accounts in Q3 2021 compared to 156,800 in Q3 2020.
Te retail sector has seen a similar increase with a growth rate of 166.7 per cent for Q2 2021 compared to the same period in 2020 reaching €30.6m. Tis is due to closures in 2020 because of the pandemic. Te majority of retail revenue
P112 WIRE / PULSE / INSIGHT / REPORTS
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