Portugal's online gambling revenue record falls once more in Q3.

Portugal's online gambling revenue record falls once more in Q3.

 Driven by a record performance of the country's online casino business, online gambling income in Portugal reached an all-time-high for the eighth consecutive quarter in Q3.
 Portuguese internet gaming  Q3
 During Q3, Portugal's gross online gambling income came in at €266.3 million (£220.9 million).  established in Q2 2024, this exceeds Q3 of 2023 by 23.7% and the previous quarterly record, established in Q2 2024 by 1.7%.

 Revenue at online casinos reaches record €175.1 million.
 Online casino segment drives this increase, according data from regulator Serviço de Regulação e Inspeção de Jogos (SRIJ).  Gross income here jumped 31.2% year-on-year to reach an all-time high of €175.1 million.  By 10.5% this also exceeded Q2 income.

 Spending on internet-based casino games topped €4.87 billion in Q3, another fresh record and a 33.7% increase from 2023, as well as 11.6% higher than Q2.

 Slots remain by far the online casino game of choice in Portugal, as has been the case for some time.  Slots took 80.4% of total wagers in Q3; ahead of French roulette on 6.1%, the dice game French Bank at 5.5% and blackjack on 4.5%.

 Income from sports betting drops quarter-on-quarter
 Although the market for online casinos keeps expanding steadily, the SRIJ saw a fall in the sports betting division.

 Online sports betting receipts for Q3 came to €91.2 million.  This falls 11.7% shy of the €103.3 million recorded in Q2 of 2024, however it tops last year by 11.4%.

 Sporting bet expenditure increased 23.8% year-on-year to €483.4 million.  Fascinatingly, this is also 4.6% higher than in Q2; yet it was not sufficient to increase income from the previous quarter.

 During Q3, football attracted 72.7% of all online sports betting placed in Portugal.  On 21.2%, tennis came second; the remaining 6.1% went to other sports.

 More than 4.5 million Portuguese online gamblers
 Turning now to Q3 player conduct, around 4.5 million individuals bet online during the quarter.  Also 3.4% ahead of Q2, this is a 16.9% rise from the same quarter in 2023.

 In Q3, around 269,800 fresh registrations were recorded while 117,400 gamers closed their online gaming accounts.  With 34.3% of all registered gamers, the 25–34 age group continues to be the most active online.  But players aged 18 to 24 had the group with highest percentage of new registrations in Q3—30.9%.

 While 28,600 individuals reached the end of their exclusion period, some 47,600 players choose to self-exclude during the quarter.  Consequently, the total number of customers eliminated by the end of Q3 was 276,200, a 40.5% annual increase.

 Furthermore, regulator SRIJ said it sent 47 closure warnings to websites judged to be running against policies.

 Signs of development for land-based gaming
 Turning now to the land-based industry, Q3 total income came at €75.9 million.  This is just 0.3% behind last year and 19.1% over Q2 2024.

 Though this was 2% less year-on-year, physical slot machines once again brought in the greatest money—€56.1 million.  Rising 4.9%, the remaining €19.9m came from casino-style and bingo games.

 At €7.1 million, a rise of 22.8%, American roulette was the primary source of income in the later category.  The SRIJ also noted gains in blackjack and poker.