The gross gaming revenue collected from online gambling in Portugal in Q2 2021 increased by 81.9%, in comparison with the corresponding period in 2020. This rise in GGR is mainly attributed to high profits in the sports betting vertical, which comprised 54% of the overall revenue.
The Portuguese gambling regulator, Serviço de Regulação Inspeção de Jogos (SRIJ), has disclosed the data in the quarterly report on the iGaming activity, published in the latest news articles about the betting sector.
A 224.7% YOY increase in betting drives GGR to new heights
During the second quarter of 2021, the regulator collected €125m in online gambling profits, €67.5m (54%) of which were raised from sports betting and €57,5m (46%) from digital games of chance. The Portuguese government received €38.8m in online gambling taxes.
GGR in Q2 2021
GGR in Q2 2020
Although the overall revenue in Q2 2021 was down by 2.6% from the previous quarter’s gatherings, the iGaming industry in Portugal has seen an 81.9% year-on-year increase in quarterly GGR. The low numbers in Q2 of 2020 were mainly because of the global lockdown.
This boost in quarterly iGaming profits was mainly due to a substantial uplift in the sports betting sector. Compared to Q2 of 2020, gatherings from online wagering were up by 224.9% or €46.7m, rising from €20.8m to €67.5m. From April to June 2021, a total of €304.9m was wagered on the most popular sports in the world, which is €214.2 more than the sum spent on betting in Q2 2020.
According to SRIJ, most of the Portuguese bettors (77.48%) placed their wagers on football, as the Q2 of 2021 coincided with the EURO 2020 soccer tournament. Tennis (9.63%) was the second most popular sport among gamblers and was closely followed by basketball (8.74%).
The GGR from online casino games, which was the main source of gambling income in 2020, has only increased by 20% and lost its primary position. Portuguese players spent €1.65bn in online casinos in Q2 2021, which is €45.8 more than Q1 results.
SRIJ has also collected €30.6m from land-based casinos, which is €11.5m and 165,2% more than the revenue from the corresponding period in 2020. Most of this sum (€26.4m) was generated from the slot machines. American roulette and baccarat were among the most popular table games.
What are the other changes in the iGaming market in Q2?
The iGaming market in Portugal continues to expand in Q2 2021. From April to June, SRIJ has issued 26 online gambling licenses:
11 operational permits for sports wagering;
15 online casino licenses.
At the same time, the total number of gamblers in the country decreased, dropping from 770 500 players to 653 200 or by 15.2%. However, the higher number of players, circa 93 600, decided to self-exclude, which is 8.7% more than in Q1 2021.
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