Portugal online gaming revenue dropped 18% in 2Q 2017

  • 9th August 2017 | Lisbon, PT
  • Portugal total online gaming revenue dropped by 18pc in Q2 2017, according to the regulatory body Serviço de Regulação e Inspeção de Jogos (SRIJ). The information released showed the Portuguese market’s seven online licensees reporting revenue of €25.4m between April and June 2017.

    PortugalThis figure represents the first sequential revenue decline since the market launched in June 2016. The result is the second-lowest quarterly total since Q3 2016 (€24.1m), and Q1 2017 (€31.4m).

    The SRIJ showed that slot play accounted for 38pc of revenue, followed by poker at 32pc, Roulette at 20pc and blackjack at 9pc. Sports betting, the most popular betting segment in other european countries has also suffered a 20pc drop, compared to Q1 2017, generating a total of €13.9m.

    Online poker, launched in November 2016, also showed negative results, with cash game poker accounting for €2.7m in revenue in Q2, down from the €3.3m from the previous quarter. Along this line, tournament poker totaled €991,800 compared to the €1.3m generated in Q1.

    This figures were released only weeks before the SRIJ issued its eighth license for the provision of online gaming. Estoril Sol, which was issued the first online casino licensed last summer, will now offer licensed sports betting services.

    innovategaming.com | onlinepoker.net