According to the Portuguese regulator, the Gambling Inspection and Regulation Service (SRIJ) online gambling revenue in Portugal continued its upward trend in Q4 2024, reaching €323 million. This represents a 21.3% increase from the previous quarter and a 42.1% surge compared to Q4 2023. The sector’s growth was driven by both sports betting and fortune games.

• The 17 licensed operators in Portugal held 30 active licenses, with 13 for sports betting and 17 for fortune games.

• Fortune games (slots, table games, …) accounted for 57.2% of total revenue, while sports betting contributed 42.8%.

• Revenue from sports betting hit €138.3 million, up 90% from Q4 2023 and 51.7% from the previous quarter.

• Fortune games (slots, table games, …) generated €184.6 million, a 19.5% increase from Q4 2023 and 5.5% higher than Q3 2024.

• Total sports betting volume reached €533.7 million, a slight 0.3% year-on-year increase but a 10.4% jump from Q3 2024.

• Fortune games betting volume hit €5.15 billion, rising 21.1% year-on-year and 5.6% from the previous quarter.

• Football dominated sports betting, representing 75% of total bets, followed by tennis (10.5%) and basketball (10.2%).

• Online slot games led fortune gaming bets with 80.2% of total stakes, followed by French bank (5.4%), roulette (5.3%), and blackjack (4.8%).

• Player registrations reached 4.72 million, growing 3% from Q3 and 15% from Q4 2023, with 78.4% of users under 45 years old.

• Auto-exclusions rose to 292.4K, a 5.9% increase from Q3 and 36% higher than Q4 2023, representing 6.2% of all registered players.

• Authorities shut down 41 illegal operators and blocked 112 illegal websites in Q4, bringing total shutdowns to 1,371 and blocked sites to 2,262 since 2015.

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