iGaming revenue on the rise in Portugal
Portugese regulatory body releases figures for the last quarter of 2018
The Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), the gaming regulatory body of Portugal, has published the financial results of the last quarter of 2018, with the numbers showing revenue for the iGaming market has risen by 24% year on year, netting €152.1 million in this period.
Sports betting, with €78.9 million in revenue is the biggest contributor, with the growth likely attributed the FIFA World Cup tournament which took place in June–July 2018.
Despite the World Cup taking place in the second quarter of the year, the fourth quarter was the most successful for operators, considering operators achieved revenue of €43 million, up €7 million from 4Q17.
The sports betting segment posted its strongest performance in the three-month period ended December 31: operators reported revenue of €21 million and total bets reached the €110 million mark.
Online casino also reported its peak in the fourth quarter and posted a high of €21.5 million, with online slots being once again the most popular choice for consumers. For the full year, the segment totalled €73.2 million, up from the €54.4 million registered a year before and representing a 34 per cent increase year-on-year.
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