Licensed Betting Sites
  • Home
  • Legal News
  • Legal Betting Guides
  • Bookmakers
    • Licensed Bookmakers
    • Anjouan Bookmakers
    • Curaçao Bookmakers

Portuguese Football Receives €8.6 Million More in Bets from 2023 to 2024

Home » Legal News » Portuguese Football Receives €8.6 Million More in Bets from 2023 to 2024
Legal News Legal News - Portugal
Liam Kinsella
Written by
Liam Kinsella
Updated 6 months ago 3 min read
×
Liam Kinsella
Liam Kinsella
Hi, I’m Liam Kinsella, a 38-year-old Irishman with a lifelong love for sport and a career shaped by the fast-moving world of iGaming. I’ve spent the majority of my professional life in the industry, working across everything from operations and customer experience to product and innovation. My passion for iGaming was sparked when I was a teenager after attending my first race night at Dundalk Stadium. I’ll never forget the atmosphere, the intensity, and the connection people had to the sport. It was electric. That night opened my eyes to a world where entertainment, competition, and community all came together. Since then, I’ve worked with some fantastic teams and brands, helping to create engaging experiences that bring that same thrill to players around the globe. Outside of work, I’m a big sports fan. Rugby, football, racing, even a bit of darts. I’ve also got a soft spot for gardening; there’s something therapeutic about switching off and spending a few hours with the plants. When I’m not outdoors, I’m usually reading - anything from sports biographies to thrillers. I’m proud to be part of the global tech and gaming space, and I’m always looking for new ways to push the boundaries of what iGaming can offer.
Connect
View all posts by Liam Kinsella

Football Dominates Sports Funding in Portugal, While Some Sports Receive Next to Nothing

A recent report reveals a stark disparity in the distribution of funds generated from online gambling taxes in Portugal. Football, the nation’s most popular sport, receives the lion’s share, leaving other sports with meager or non-existent funding.

The data, sourced from the Imposto Especial de Jogo Online (IEJO) – Special Online Gaming Tax – for 2024, was compiled by the Confederação do Desporto de Portugal (CDP) – the Portuguese Sports Confederation – and shared with political parties ahead of the May 18th legislative elections. The CDP is advocating for a revised distribution model for these funds.

Football’s Financial Fortress

According to the report, football benefits immensely from the IEJO revenue. The Federação Portuguesa de Futebol (FPF) – Portuguese Football Federation – saw its funding increase from €27.31 million to €33.85 million. The Liga Portuguesa de Futebol Profissional (LPFP) – Portuguese Professional Football League – received €10.85 million, a €2.1 million increase from 2023.

In total, football accounts for a staggering 72.3% of the sports funding derived from online betting taxes.

“Of a total ‘pie’ of €61.8 million, football represents €44.7 million,” the report states.

Other Sports Struggle

While football thrives, other sports are left to scrape by. Tennis receives €9.7 million (15.7% of the total), and basketball gets €4.57 million (7.4%). However, the situation is far bleaker for other disciplines.

The Federação Portuguesa de Surf – Portuguese Surfing Federation – received a paltry €5.21. Patinagem (skating, including hockey), the Comité Paralímpico de Portugal (CPP) – Portuguese Paralympic Committee – and the CDP itself received nothing. Athletics, which had previously received a small amount (just over €500), also saw its funding disappear.

A Glimmer of Hope for University Sports

One exception to the trend is the Federação Académica do Desporto Universitário (FADU) – Academic Federation of University Sport – which saw its funding increase from zero in 2023 to nearly €58,000 in 2024.

Overall Growth in Sports Funding

Despite the uneven distribution, the total amount allocated to sports increased by €11 million from 2023 to 2024, reaching €61.8 million. This growth is largely attributed to the surge in online sports betting.

The government’s 2024 budget included €54.5 million for sports, which is less than the amount generated and distributed through the IEJO. The government has since announced an additional €65 million in extraordinary support to be implemented by 2028.

Record-Breaking Online Betting

The Serviço de Regulação e Inspeção de Jogos (SRIJ) – Gaming Regulation and Inspection Service – reported that 2024 saw the highest volume of online sports betting ever, totaling €2,053.2 million. This represents a significant increase compared to previous years:

  • 2023: €1,721.6 million
  • 2022: €1,482.1 million
  • 2021: €1,402.9 million
  • 2020: €808.1 million

The total for the last five years amounts to €7,467.9 million.

This surge in betting activity also led to a record-breaking gross revenue of €433.4 million, surpassing the previous high of €324.4 million in 2023.


Stay ahead of the game in the licensed betting world – get the latest insights at LicensedBettingSites.com.
Portugal, Revenue
Read More
Illegal Online Gambling Germany: GGL Warns Risk for Youth
Legal News Legal News - Germany
Illegal Online Gambling Germany: GGL Warns Risk for Youth
2 months ago
France: Sports Betting Ad Regulations Looming
Legal News Legal News - France
France: Sports Betting Ad Regulations Looming
2 months ago
What to Know Before You Bet: Offshore Spanish Bookmakers
Legal News Legal News - Spain
What to Know Before You Bet: Offshore Spanish Bookmakers
2 months ago

New Bookmakers
arcanebet
arcanebet
Play Now
Betify
Betify
Play Now
Forza.Bet
Forza.Bet
Play Now
Jackpoty
Jackpoty
Play Now
Cobra Casino
Cobra Casino
Play Now

Recent News
Online Gambling’s Economic Impact: €410M in 3 Months
Online Gambling’s Economic Impact: €410M in 3 Months
2 months ago
Illegal Online Gambling Germany: GGL Warns Risk for Youth
Illegal Online Gambling Germany: GGL Warns Risk for Youth
2 months ago
France: Sports Betting Ad Regulations Looming
France: Sports Betting Ad Regulations Looming
2 months ago

Recent news
Online Gambling’s Economic Impact: €410M in 3 Months
Online Gambling’s Economic Impact: €410M in 3 Months
2 months ago
Illegal Online Gambling Germany: GGL Warns Risk for Youth
Illegal Online Gambling Germany: GGL Warns Risk for Youth
2 months ago
France: Sports Betting Ad Regulations Looming
France: Sports Betting Ad Regulations Looming
2 months ago
What to Know Before You Bet: Offshore Spanish Bookmakers
What to Know Before You Bet: Offshore Spanish Bookmakers
2 months ago
MB WAY & Multibanco: Portugal Online Bookmaker Payment Trends
MB WAY & Multibanco: Portugal Online Bookmaker Payment Trends
2 months ago
FDJ Crescendo Lottery: First Draw Date & Official Logo
FDJ Crescendo Lottery: First Draw Date & Official Logo
3 months ago
Self-Exclusion in Spain is Growing
Self-Exclusion in Spain is Growing
3 months ago
Brazil to Ban At-Risk Individuals From Online Betting
Brazil to Ban At-Risk Individuals From Online Betting
3 months ago

© Copyright 2025 Licensed Betting Sites
  • Privacy Policy
  • Contact Us
Licensed Betting Sites
  • Home
  • Legal News
  • Legal Betting Guides
  • Bookmakers
    • Licensed Bookmakers
    • Anjouan Bookmakers
    • Curaçao Bookmakers
© Copyright 2025 Licensed Betting Sites