Search
Close this search box.

Portugal posts record figures for 2017

portugalrevenueugal posted record-high revenue results in the final quarter of the year, with 2017 marking the country’s first full calendar year after launching back in May 2016.Figures posted by the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body showed that Portugal’s online gambling market generated €122.6m for the full-year. Moreover, the government was able to take €54.2m of this amount, due to a 12% tax on sports betting turnover.The region ended 2017 on a high, with the seven locally-licensed online gambling operators generating a combined revenue of €36.5m in the three months ending 31 December, 2017, nearly €10m higher than the same period last year and over €7m higher than the same period a year prior.Online casino, including poker, totalled €54.4m, with slots leading the way after bringing in 45% of this amount, ahead of poker cash games on 19.7%, French roulette with a 19.2% share, blackjack on 9.2% and poker tournaments pm 6.7%.Nonetheless, sports betting was Portugal’s main cash cow in 2017, accounting for €68.1m of the total revenue generated for the year.Portugal is set to join France and Spain in a shared liquidity agreement that is sure to see the country have yet another successful financial year.

Share the Post:

Related Posts