Online gambling revenue up to €48.3M

By TPN/Lusa, in Business · 09-08-2019 01:00:00 · 0 Comments
Online gambling revenue up to €48.3M

Gross revenue from online gambling in Portugal in the second quarter stood at €48.3 million, the highest figure since the first quarter of 2017.

According to the Q2 2019 report on online gambling in Portugal, by the Gaming Regulation and Inspection Service, the total value of the Special Tax on Online Gambling was €21 million, corresponding to an increase of €4 million (23.9 percent) to that calculated for the same period of 2018.


As for gross revenue, in the second quarter of this year, game operators registered €25.3 million, an increase of €8.5 million year-on-year.
The value of online games betting was almost €700 million (about €214.2 million more than in the same quarter of 2018) and the value of online sports betting was approximately €112 million (€22.3 million more than in the same period of 2018).


Bets on machine games represented more than 67% of total bets on online games and, in the case of sports betting, football continued to have the highest volume, representing 71.41 percent of total bets.


However, fewer gamblers were making new registrations in the second quarter of the year: 102,000 new registrations (-1.6% of that in the same period of 2018), 65 percent of whom are under 35 years old.


The report also pointed out that since the entry into force of the Legal Framework for Online Gambling, on 29 June 2015, until the end of June 2019, there were 408 operators. 324 illegal online gambling sites were also closed down in that period.



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