Portugal: iGaming report on Q4 2024 results

Portugal’s online gambling market ended 2024 with outstanding results. According to the latest report from local regulator SRIJ, GGR amounted to €323 million – an increase of 42.1% compared to Q4 2023.

Key figures:

πŸ”΅ Online casinos generated revenue of €184.6m (+19.5% YoY).

Slot machines were the most popular (80.2%), followed by banca francesa (5.4%), roulette (5.3%) and blackjack (4.8%).

πŸ”΅ Sports betting: revenue reached €138.3 million (+90% YoY). Soccer (75%) remains the leader among bets, followed by tennis (10.5%) and basketball (10.2%).

The highest activity was recorded on the matches of the
UEFA Champions League
UEFA Champions League, Portuguese
Primeira Liga
and English
Premier League

Betting volume:

Total betting volume for the quarter reached a record €5.1 billion (+21.1% year-on-year).

Player activity:

πŸ”΄ Active players – 4.7 million (+15% year-on-year)

πŸ”΄ Players who have placed at least one bet – 1.2 million (+11.9%)

Demographics:

πŸ”΅ 78.4% of players are under 45 years old, the most active group is 25-34 years old (33.9%)

πŸ”΅ New players are predominantly young: 33.1% are aged 18-24 years old

πŸ”΅ The majority of players live in Lisbon (21.5%) and Porto (21.2%)

πŸ”΅ 94.9% of players have Portuguese nationality, with Brazilian nationals predominating among foreigners (50.1%)

Responsible play:

Self-exclusion rates have risen: 16.2k new self-exclusions in the quarter (+36% year-over-year), totaling 292.4k self-exclusions.

Fight against illegal gambling:

The local regulator blocked 112 sites, sent 41 termination notices and referred 5 cases to the prosecutor’s office.

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