{"id":281,"date":"2024-06-28T20:21:23","date_gmt":"2024-06-28T17:21:23","guid":{"rendered":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/"},"modified":"2024-06-28T20:21:23","modified_gmt":"2024-06-28T17:21:23","slug":"portugals-digital-gambling-revenue-reaches-new-high-in-q3","status":"publish","type":"post","link":"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/","title":{"rendered":"Portugal&#8217;s Digital Gambling Revenue Reaches New High in Q3"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/-3k7MkdpThw\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>Portugals digital wagering income achieved a new peak in the third quarter, reaching \u20ac215.3 million (\u00a3185.6 million\/$235.4 million), driven by record figures in online betting.<\/p>\n<p>Portugals digital gambling revenue reached a new high of \u20ac215.3 million in the third quarter, a 36.1% increase from \u20ac158.2 million in the same period of 2022. Total market revenue for the three months ending September 30, 2023, surpassed the second quarter&#8217;s \u20ac122 million by 4.6%.<\/p>\n<p>Approximately \u20ac133.4 million in revenue originated from online games of chance in the third quarter, a 50.5% year-on-year increase. This represents a new segment record and accounts for 62.0% of all digital gambling revenue in the quarter.<\/p>\n<p>Consumers spent \u20ac3.65 billion on this form of gambling in the third quarter, a 47.2% increase, another new high for Portugal. Slot machines accounted for 82.3% of total spending, French roulette for 6.4%, and blackjack for 6.2%.<\/p>\n<p>Despite the overall increase in Portugals digital revenue, the sports betting market continues to decline.<\/p>\n<p>Sports betting revenue in the third quarter was \u20ac81.9 million. This is 17.7% higher than the previous year, but 2.5% lower than the second quarter, marking the third consecutive quarter of decline.<\/p>\n<p>Player spending on online sports betting increased by 12.1% year-on-year, reaching \u20ac390.5 million. Of this total, 71.4% of bets were placed on football, 22% on&#8230; <\/p>\n<p>The Portuguese Gaming Oversight and Inspection Agency (SRIJ) publicized its third-quarter statistics, revealing that internet gambling income expanded by 6.4%, with 2% originating from tennis and the remaining portion from other athletic pursuits.<\/p>\n<p>The third-quarter data indicated that 196,600 individuals had voluntarily excluded themselves from online gambling by the conclusion of the quarter, representing a 42.5% surge compared to the corresponding period in 2022.<\/p>\n<p>Concurrently, the quarter witnessed approximately 205,200 fresh online registrations. It was reported that 97,800 accounts were also terminated during the third quarter. At the termination of the three-month period, there were 3.9 million active online gambling accounts in Portugal.<\/p>\n<p>Furthermore, the SRIJ stated that 23 websites were instructed to halt illicit operations in the third quarter.<\/p>\n<p>Revenue from land-based gambling also experienced an uptick in Portugal.<\/p>\n<p>In addition to internet gambling, income derived from the land-based gambling sector also ascended. During the third quarter, land-based gambling revenue attained \u20ac76.1 million, reflecting a 14.0% year-on-year increase.<\/p>\n<p>Of this sum, \u20ac57.2 million originated from physical slot machines, marking a 1.0% rise from the equivalent period last year and accounting for 75.1% of total third-quarter revenue. The remaining \u20ac18.9 million stemmed from casino-style games and bingo, which exhibited a growth rate of 35.6%.<\/p>\n<p>Baccarat wagering generated \u20ac5.9 million in revenue during the third quarter, American roulette \u20ac5.8 million, and blackjack \u20ac3.3 million.<\/p>\n<p>Sign up for the iGaming Newsletter <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Portugals digital wagering income achieved a new peak in the third quarter, reaching \u20ac215.3 million (\u00a3185.6 million\/$235.4 million), driven by record figures in online betting. Portugals digital gambling revenue reached a new high of \u20ac215.3 million in the third quarter, a 36.1% increase from \u20ac158.2 million in the same period of 2022. Total market revenue [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portugal Gambling Hits Record High in Q3<\/title>\n<meta name=\"description\" content=\"Online betting fuels Portugal\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Portugal&#039;s Digital Gambling Revenue Reaches New High in Q3\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Online betting fuels Portugal\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unleash Your Winning Potential at Our Trusted Online Casino\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T17:21:23+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/\",\"url\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/\",\"name\":\"Portugal Gambling Hits Record High in Q3\",\"isPartOf\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#website\"},\"datePublished\":\"2024-06-28T17:21:23+00:00\",\"dateModified\":\"2024-06-28T17:21:23+00:00\",\"author\":{\"@id\":\"https:\/\/thegodofgambling.icu\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"description\":\"Online betting fuels Portugal\",\"breadcrumb\":{\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thegodofgambling.icu\/2024\/06\/28\/portugals-digital-gambling-revenue-reaches-new-high-in-q3\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/thegodofgambling.icu\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portugal&#8217;s Digital Gambling Revenue Reaches New High in Q3\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thegodofgambling.icu\/#website\",\"url\":\"https:\/\/thegodofgambling.icu\/\",\"name\":\"Unleash Your Winning Potential at Our Trusted Online Casino\",\"description\":\"Stay on top of the latest casino trends and insights with our regularly updated news, honest reviews, and expert articles. 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