Portugal iGaming Dashboard – Q3 2019
Portugal’s online gambling market has seen the strong performance in the first half of 2019 continue into the third quarter, with total revenue up 39.4% year-over-year.
iGaming Business and Ficom Leisure are pleased to present the Portugal iGaming Dashboard, providing revenue, product and game metrics on the dot.pt regulated market.
The data is updated quarterly following the official release of the figures by Portuguese regulator the Serviço de Regulação e Inspeção de Jogos (SRIJ).
For the nine months to 30 September, igaming revenue stands at €149.8m, meaning that even a weaker Q4 will see the market comfortably surpass 2018’s full-year total of €152.1m.
This was aided by a new quarterly revenue record in Q3, of €54.1m, driven in particular by online casino. Sports betting has consistently been the most popular product in the market until the second quarter of 2019, at which point casino has forged ahead, with its Q3 total of €28.2m representing a 45.4% year-on-year improvement.
This was driven by slots, which accounted for 67.7% of total online casino turnover over the three month period. The only other product to account for more than 10% of turnover was roulette, on 13.2%.
Revenue from betting still continues to grow, however, and was up 33.5% in Q3. This, however, was largely down to a high win percentage benefitting operators – turnover, after hitting a high of €131.3m in Q1, dropped to €112.1m in Q2, though marginally improved to €114.0m in the third quarter.
This was almost all staked on football, which accounted for 77.5% of the total, with a further 16.9% going on tennis. All other sports made up the remaining 5.6%.
All data and figures are processed by leading European corporate advisory firm Ficom Leisure, a specialist in all segments of the betting and gaming sector.
Ficom Leisure provides monthly figures on the New Jersey online market in the New Jersey iGaming Dashboard and Pennsylvania in the Pennsylvania iGaming Dashboard, available on iGB North America. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard, on the Danish market in the Denmark iGaming Dashboard, and on the Italian market in the Italy iGaming Dashboard.