Portugal online gambling revenue hits record high in Q2; land-based declines

Tuesday, August 20, 2024 7:26 PM
Photo:  Shutterstock
  • Robert Fletcher, iGaming Business

Online gambling revenue in Portugal reached €261.8m ($289.2m) in Q2, a record figure and the eighth consecutive quarter in which revenue has hit an all-time high. However a decline in table games revenue hit the country’s land-based industry.

The Q2 total is marginally higher than the previous record of €260.8m, which was set in Q1 this year. Revenue for the three months to 30 June is also 27.2% higher than Q2 2023, according to Portugal regulator Serviço de Regulação e Inspeção de Jogos (SRIJ).

However while online gambling in Portugal is thriving, local operators are warning of a growing threat from the illegal market.