Portugal sets another iGaming revenue record in Q2 2019

[The Buzz]

The regulated online gambling market in Portugal continues to surge, breaking a revenue record for the second consecutive quarter, with licensed operators generating €48.3 million in Q2 2019. Not only was the previous record set in Q1 2019 with €47.3 million, according to national regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), but the Q2 figures are a 29.5% jump compared to Q2 2018.

From iGaming Business:

At the halfway point of the year, Portugal has now generated more revenue than in the whole of 2018, with the €95.6m reported in the first and second quarter already some way ahead of last year’s overall total of €78.9m.

Online casino overtook sports betting as the main source of income for operators in Portugal during Q2, with the market generating €25.3m in revenue, up from €22.6m in the first quarter and €16.8m in Q2 of last year.

Consumers spent a total of €699.8m on online casino, with slots accounting for 67.03% of this figure. French roulette ranked second with a 13.49% share of the market, followed by blackjack on 8.08%.

However, poker continues to struggle in Portugal, with combined cash games and tournaments holding an online casino market share of 11.34%, down from 13.9% in Q1. Poker spending has now fallen for four consecutive quarters.

Meanwhile, sports betting revenue slipped from €24.8m in Q1 to €23.0m in the past three months, but this total was still 12.4% higher than in the same period last year. Sports betting spend stood at €112.1m for the quarter, down from €131.3m in the first three months of the year, but up on €89.8m in Q2 of 2018.

Here is a link to the SRIJ report: https://www.srij.turismodeportugal.p..._Online_PT.pdf