iGaming Revenue in Portugal Reached €1.07 Billion in 2024
In 2024, the iGaming sector in Portugal saw record growth, with revenue reaching €1.07 billion, a 42% increase compared to the previous year. The regulator SRIJ (Serviço de Regulação e Inspeção de Jogos) noted significant changes in the industry, including a rise in revenues from online betting and casinos.
Key iGaming Metrics in Portugal
A report published by SRIJ highlights several key metrics that characterize the market situation in the fourth quarter of 2024:
- Total iGaming Revenue: €323 million (+41% compared to the same period in 2023)
- Online Betting: €138 million (+90% YoY, +51.7% compared to Q3)
- Online Casinos: €184 million (+19.5% YoY, +5.5% compared to Q3)
These figures confirm steady growth and expansion of the iGaming sector in Portugal. Online betting stands out with the highest growth rate.
User Statistics and Tax Revenue
The number of players in the iGaming sector continues to grow. By the end of 2024:
- Active Users: 1.23 million (+12% YoY)
- Registered Users: 4.7 million (+15% YoY)
- Age Statistics: 78% of players are under 45 years old
Additionally, iGaming taxes in 2024 amounted to €357 million, a 33% increase compared to 2023. Of this:
- Online Betting Taxes amounted to €153 million
- Online Casino Taxes amounted to €203 million
By the end of 2024, 30 licenses were issued to iGaming operators in Portugal, including 13 for betting and 17 for gambling. This reflects high regulatory activity and the strengthening of the legal market’s position.
Comparison with Territorial Market Data
According to the latest report on the gaming market activity, published by SRIJ, there is also revenue growth in the traditional gambling market segment:
- Territorial Casinos and Gaming Halls: Revenue increased by 12.5% compared to the same period in 2023.
- Gambling in Bingo Halls: Showed a slight decrease of 0.9%.
This data shows that the online segment continues to develop significantly faster, but traditional casinos and bingo halls remain an important part of the country’s gaming industry.
Future Prospects
Experts expect further growth in the iGaming sector in Portugal in 2025, supported by the increasing interest in online betting and casinos. Given the sustained growth dynamics of both players and tax revenues, Portugal is likely to continue being an important market for operators in Europe.
In conclusion, with the growth in revenue and user numbers, Portugal continues to strengthen its position in the international arena in terms of regulation and the development of online gaming.