July 10, 2022 6:19 PM
Portuguese regulator ServiÃ§o RegulaÃ§Ã£o e InspeÃ§Ã£o de Jogos do Turismo de Portugal (SRIJ) reported a 23.6% year-on-year increase in online gambling revenue for the first quarter of 2022.
Revenue for the three months to the end of March was €158.6m ( £135.3m/$161.7m), up from €128.3m in the corresponding period last year.
Online casino revenue for the quarter amounted to €80.9m, which was 37.6% higher than €58.8m in Q1 of 2021, while online sports betting revenue also increased 11.8% to €77.7m.
Looking at player spending, consumers wagered a total of €2.21bn on online casino during the three-month period, up 37.3% year-on-year, though online sports bets were down by 12.8% to €369.4m.