Online gambling revenue in Portugal reached €261.8m (£223.1m/$289.2m) in Q2, a record figure and the eighth consecutive quarter in which revenue has hit an all-time high. However a decline in table games revenue hit the country's land-based industry.
The Q2 total is marginally higher than the previous record of €260.8m, which was set in Q1 this year. Revenue for the three months to 30 June is also 27.2% higher than Q2 2023, according to Portugal regulator Serviço de Regulação e Inspeção de Jogos (SRIJ).
However while online gambling in Portugal is thriving, local operators are warning of a growing threat from the illegal market.
Online casinos still king in Portugal
Breaking down the quarterly performance, online casino games accounted for €158.5m of all revenue in Q2. This represents an increase of 29.9% from €122.0m in 2023 but a slight drop from €160.3m in Q1.
In terms of spending, players wagered a total of €4.37bn across online casino games during Q2. This is 34.7% higher ..
