With the thriving iGaming industry in Europe (and globe wide), the statistics coming from all over the world are predominantly positive. Among numerous territories are expressing their interest in including this form of entertainment…
…Portugal seems to be the most desirable destinations if things are to judge by the figures expressed. The country acquired an impressive amount of more than €47 million in revenues in the three-month period which ended on March 31st.
Numbers Worth Mentioning
It looks like the platforms offering this type of entertainment are all doing pretty well at the moment. As far as the statistics from the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal reveal, this market expressed its best-ever quarterly performance at the start of this year. More than half of the revenue…
…was specifically generated by betting, with football accounting for almost 75 percent of online wagering. In terms of gaming, revenues were up to €22.6 million with gaming machines – or slots – accounting for more than 63 percent of that. Trailing behind were other games such as online roulette and blackjack.
Continuing Last Year’s Success
The year behind us was also successful for the markets, as far as the statistics from the very beginning claim. The annual performance of a 3.1 percent represents a boost in revenue compared to 2017 for a total gross gaming revenue of €318 million, which proves more than excellent performance. With sports betting…
…as one of the particularly quickly growing branches, Portugal also announces impressive numbers. In total, €152.1 million has been made via iGaming channels during last year's 12-month period of 2018. The said revenue represents a 24% leap compared to 2017. This success echoes the positive outcome in GGR for the nation's land-based casinos. Just to remind, the market was launched in May 2016.
Keep on Welcoming Brands
Though web-based gaming has only been available in the country for a few years, it has quickly grown to become very popular in the recent period, with Red Rake among the last suppliers inking the deal with Casino Portugal. This platform shows the sheer range of online casino sites operating in this territory…
…and features information and reviews on the services that they provide. The spread of such sites perhaps contributes to the popularity increase, offering bettors a fast way of finding reliable platforms. Among the approved operators, Play’n GO and Stoiximan are also greenlighted to deliver their products and services. Such partnerships are undoubtedly beneficial for both sides and reflect in quite a significant financial gain.
Source:
“New Figures Show How Online gambling Continues to Grow in Portugal”, europeangaming.eu, July 10, 2019.
