Portugal’s online gambling revenue reached a record €261.8m in Q2, marking the eighth consecutive quarter of growth and a 27.2% increase compared to Q2 2023.
Despite this strong online performance, the country’s land-based casinos experienced a decline in table games revenue.
Online casino games were the major contributor, generating €158.5m in Q2, a 29.9% rise from the previous year, though slightly below Q1 figures. Players wagered €4.37bn on online casino games, with slots accounting for 82.3% of the total spend. Sports betting revenue also saw an increase, rising 23.1% year-on-year to €103.3m. However, overall sports betting spend was 19.5% lower than in Q1, despite the influence of Euro 2024, which started late in the quarter.
The online market saw a surge in activity, with 287,600 new customer registrations, although 136,800 accounts were closed. Additionally, 47,300 players opted for self-exclusion, bringing the total number of self-excluded players to 256,900 by the end of June. The regulator, SRIJ, also took action against illegal operations, shutting down 38 unauthorized websites.
In contrast, the land-based gambling sector in Portugal struggled, with total Q2 revenue dropping 4.5% to €63.7m. Slot machines, which made up 78.4% of the revenue, saw a slight increase to €50.0m, while revenue from other casino games, including baccarat, blackjack, and American roulette, fell by 19.9%.
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