Portugal’s First Quarter Boasts Online Gambling Increases
Portugal recently published statistics regarding the quarterly intake of its online gambling operators. Online gaming revenue as a whole has increased substantially, the increase partly attributed to higher earnings in online casinos. The overall online gambling industry increased by 8% during 2018's first quarter. Local casinos increased by 18%.
In Portugal, seven companies have government permission to offer online betting and gambling services. iGambling, which is the largest operator in the country, had three fewer overall operating services in the first quarter of 2017. The seven providers have a total of twelve operating licenses. Seven of those licenses include permission for online games of chance, and five of those licenses include permission for online sports betting.
Revenue was mainly generated through online sports betting. Sports bets accounted for a total of €17.4 million during the first quarter of 2018. No significant changes in the generated amount were reported compared to the first quarter of 2017, and the first quarter revenue of 2018 is down €3 million since the last quarter of 2017.
Football accounted for most of the online betting, dominating the market with over 75% of the total generated revenue. In second place were tennis and basketball, which had reported revenue percentages of 9.6% and 10.6%.
Games of chance were reported to generate €16.4 million in revenue. This is a growth rate of almost 18% in comparison to the first quarter of 2017. The biggest contender in the game of chance market is online slots machines, which accounted for a whopping 55.7% of the total game of chance bets. Online poker was responsible for 18.6% of revenue for games of chance, and the third place was French Roulette with 16.4% of the intake.
As of March 31st, online gambling player registration was at a total of 890,000 accounts. 89,300 of those accounts were created during the first quarter of 2018. In comparison to the first quarter of 2017, this is a decline of about 22,600 accounts.
Players between the ages of 25 and 44 accounted for 61.5% of the total customers with some kind of online gambling account. Meanwhile, players between the ages of 18 and 24 were responsible for 27.2% of the total player number.
Some players participated in self-exclusion from online gambling, which means they have declined to place a bet. 21,000 players participated in self-exclusion, which makes up about 2.4% of the total registered player number.