Portugal online gambling revenue increase

Portugal online gambling revenue increases in Q1 2020

Portugal’s online gambling market once again broke records in the first quarter of 2020, it has been revealed. 

Statistics shared by the country’s national regulator showed a 47.5% rise in iGaming revenue for the three months leading up to 31st March. 

Q1 2020 was also the first time that online gambling generated more revenue than its land-based companion. 

Key figures for online betting 

Total online gaming revenue for the first quarter of this year stood at €69.8 million. This was slightly higher than Q4 2020’s figure, which was €65.4 million. 

Casino accounted for the majority of this, with €35.3 million coming from related games. Meanwhile, sports betting contributed €35.5 million. Within this vertical, that highlighted a 39.2% quarterly growth percentage. 

Sports betting revenue growth was in spite of a 19.6% decline in the amount that players wagered (€149.1 million). 11.4% of bets were placed on the Portuguese Superliga, which is the country’s main footballing division. 

Football was the most popular overall sport to wager on, with 74.7% of money being spent here. Basketball was the second-most popular, at 11.1%. Tennis and ice hockey were third and fourth on the list.  

Player behaviours 

€960.8 million was wagered in total through casinos, signalling a growth of 12.7% compared to Q4 2019. 69.8% of that was placed on slots, with roulette (12.6%) second and blackjack (6.4%) third.

New online players in all verticals rose by 25.8% to 157,400, though self-exclusions also went up by 47.1% – reaching 52,100. 

25-34 continued to be the largest age group, taking up 38.4% of the share – compared to 33.3% at the end of last year. 

Players in Portugal aged between 18 and 24 dropped from 29.9% to 23.3%. Taking its place in second was the 35-44 age bracket, with 23.8% of players falling into this category. 

41.2% of Portuguese players betted just on sports in Q1 2020, with 39.4% committed to just casino and 19.4% spending some cash on both.

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