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Portugals online casino up while sports betting flattens

online casino in portugal It performed well when the launch coincided with the Euro 2016 tournament. Since then, operators have threatened to quit because of the tax burden that was later introduced. All revenue from online sports betting for the first quarter of 2018 amounted to €33 million , which is equal to $40.4 million. The amount is slightly above the figures released for the same quarter in 2017 by €2.5 million but less by €2.7 million in the ending quarter of the same year. While the sports-betting agencies are struggling to survive, numbers obtained from Portugal’s national gambling regulator, SRIJ, indicate that the online casino is booming. When comparing the four major gambling divisions in the casino, slots machines were at the top in revenue generation. The latter recorded a staggering 55.7 percent of all the revenue from a casino in the first quarter of the year. Poker came in second with an 18.6 percent market share, while French roulette and blackjack came in third and fourth, with 16.1 percent and 9.6 percent market shares, respectively. Sports betting still leading in revenue generation While the revenue recorded for all sports betting in Portugal has shown a sharp decline, it still leads other forms of gambling in revenue generation. Football has continued to lead other sports, with an undisputed market share of 75 percent.

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