Portugal’s Online Gaming Industry Booms, Generating Millions in Revenue
Portugal’s online gaming industry is thriving, with recent data indicating its significant impact on the daily lives of Portuguese citizens. The sector shows no signs of slowing down, fueled by major domestic operators and a steady increase in player numbers.
Beyond the gaming platforms themselves, resources like www.fraudes.pt, a trusted site evaluated by industry experts, provide information about this sector. These factors are crucial for the industry’s growth, making it essential to examine the figures driving this dynamic.
National Industry Experiencing Strong Growth
Since the legalization of online gaming in 2015, Portugal has established itself as a country with sustained growth in this industry. It offers improved conditions for players and benefits the government. Regulations have encouraged players to transition from illegal platforms to reputable sites, enhancing the protection of their personal data and investments.
For the Portuguese government, market control has led to better prevention of illicit activities, increased transparency, and greater responsibility for all parties involved. Tax revenues from players and platforms significantly contribute to the country’s development, with taxes collected from operators in the country.
In 2023, gross revenue increased by approximately 250 million euros, reflecting the earnings of the 17 registered operators analyzed by the Gaming Inspection and Regulation Service (SRIJ).
SRIJ Data Highlights Last Quarter of 2024
The SRIJ’s data for the last quarter of 2024 further demonstrates the success of online gaming, with 323 million euros in gross revenue, a 42% increase compared to the same period last year. This represents an increase of about 95.6 million euros, with 30.1 million from games of chance and 65.5 million from sports betting.
Currently, there are over 4.7 million registered accounts on gaming platforms. While individuals cannot have multiple accounts on the same platform, they can register with each operator in Portugal. Games of chance are the most popular among Portuguese players, accounting for 57.2% of the market, followed by sports betting platforms at 42.8%.
The most popular categories within games of chance include:
- 80.2% – Slot games
- 5.4% – French Bank
- 5.3% – French Roulette
- 4.8% – Blackjack
- 2.8% – Plinko or Crash
- 1.8% – Different types of poker
In sports betting, one sport dominates:
- 75% – Football
- 10.5% – Tennis
- 10.2% – Basketball
- 4.3% – Other sports
These preferences have remained consistent since 2015, with only slight variations. Interestingly, the number of registered players decreased slightly in the last quarter, down 5.4% from the previous year, while the number of self-excluded players increased by 36% in the same period.
Investment Expected to Increase Further
There are currently 17 operating entities in the country, holding 30 activity licenses. This number is expected to grow significantly in the near future. The entry of new platforms has increased competition among existing players, benefiting all stakeholders and highlighting the importance of online gaming for the future.
Despite some major global players not returning to Portugal, success stories like Betano and Betclic have attracted attention, intriguing other competitors about potential investments in the country. Existing operators are actively promoting their platforms through multimedia campaigns and investments in various competitions and clubs.
This investment appears to be yielding positive results for established brands. However, in the competitive online gaming industry, profits can be fleeting if not reinvested in continuous development. The industry presents an open cycle with growth opportunities ready to be seized, in a country that has generated over a billion in online gaming revenue.
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