Portugal’s online gambling industry may finally be plateauing after years of rapid expansion.
Portugal’s online gambling gross revenue dropped quarter-on-quarter for the first time in almost three years for Q1 2025, with the market showing signs of levelling off after consistent growth.
Data published by the Gaming Regulation and Inspection Service showed online gambling gross revenue of €284.7 million ($335.4 million) for the quarter. This was up 9% year-on-year and was driven by sports betting margins, which were 23% for the quarter.
However, the total was down from the record €323 million posted for Q4 2024. It is the first time the market has reported a quarter-on-quarter decrease since Q2 2022 and at 12% was the largest percentage drop compared to a previous quarter since 2018.
