Portugal’s online gambling industry has reportedly hit a major milestone in terms of its revenue. In the final quarter of 2024, it brought in a record-breaking €323 million ($366 million) in gross revenue, according to the country’s gambling regulator. That’s a 42.1% jump compared to the same time last year.
The Portuguese Gambling Regulation and Inspection Service (SRIJ) say the boost came from strong performance in both key areas of the market.
Sports betting pulled in €138.3 million ($157 million), which is a 90% increase from the year before. Games of chance like slots and roulette brought in €184.6 million ($209 million), rising nearly 20% from the previous year.
There was also a big increase in player activity.
