Gambling Regulation and Inspection Service of Portugal (SRIJ) has reported on the profits acquired from the iGaming sector in the third quarter of 2021. The regulator published the data in the local financial news.
From July to September 2021, €114.2 million was collected from iGaming activities in Portugal. It is 35.5% (or €30 million) more than online gambling profits from the same period in 2020. However, online GGR has decreased by 8.6% (or €10.8 million), compared to the second quarter of 2021.
At the same time, the land-based casino sector continued to expand and generated €49.2 million in the third quarter of 2021. The revenue is 60.9% (or €18.6 million) higher than the offline casino profits from the Q3 2021
The decline in online sports betting led to a decrease in Q3 GGR
According to the SRIJ, the drop in the iGaming revenue is a result of low sports betting GGR, which is down by 26.9% from the Q2 2021 level. At the same time, the profits from online games of chance have increased by 12.8%.
GGR in Q3 2021
GGR in Q2 2021
GGR in Q3 2020
Online games of chance
Main updates in the Portuguese iGaming market
In other online gambling news, the Portuguese market has grown since Q2 2021. In the third quarter of 2021, 162.3k new players registered at online casinos or sportsbooks. Self-exclusion rates have also seen a quarter-on-quarter growth, with 100.8k users taking a break from gambling in Q3.
SRIJ has also recently introduced a new type of gambling license. As of November 2021, the authority accepts applications from the crash game providers.
Read more: All you need to know about investing in gambling stocks
Read more: Interesting facts about online gambling in Europe