In Q4 Portugal set a new online gambling revenue record for the sixth consecutive quarter, reporting a total of €227.4m ($246.8m).

Revenue for Q4 of 2023 was 5.6% higher than the previous Portugal record of €215.4m, set in Q3. It was also 16.4% ahead of the €195.3m posted in the fourth quarter of 2022.

Of all revenue, €154.5m was attributed to online casino games, an increase of 40.7% from the previous year. This also represented another new record for Portugal.

Consumers spent €3.84bn playing online casino games in Q4, up by 28.7% year-on-year and another all-time high for the market. Slots drew 83.0% of all these bets, with French roulette at 6.9% and blackjack 4.7%.