Portugal successfully joined regulation

28 Feb 2018

Portugal’s first year in the regulated online gaming market has managed to impress even the most cynical of pundits. The total gross gaming revenue for 2017 reached an impressive €122.6m ($152.2m). The seven licensed operators in Portugal, contributed €10m more compared to 2016. Sports betting, the main income source totaled €68.1m for 2017 and €20.5m for the fourth semester of the year, highlighting a quarterly record.

The Online casino’s – poker included- annual contribution of €54.4m is also considerable. Slots enjoy the biggest piece in the pie (45%). Poker cash games contributed with a 19.7%, French roulette with 19.2%, blackjack with 9.2%, with poker tournaments bringing 6.7%.

12% tax to be reconsidered

According to the national gambling regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ), the government retained €54.2m of the total amount. The current tax on sports wagering turnover is 12%, which is considered to be rather high and therefore discouraging for operators.

Shared Liquidity to boost poker market

The good news for Portugal do no end here, as the online poker industry will boom thanks to SRIJ, which recently approved a model for share liquidity, following the positive example of France and Spain. Italy is currently considering implementing the share liquidity system and might to do so soon.

A paradox exists, however, for the small European country: Bad vertical performance offers significant incentives for growth. In any case, Portugal’s first year of regulation is very promising and there are many good numbers to follow.

How is gambling in Portugal regulated?

Since May 2016, the online gaming market in Portugal is fully regulated, after two years of extensive work. Despite the signs of growth in Portugal’s online gambling industry, the country is not a heaven either for international operators or local bettors. Operators must contribute a heavy tax from 8%-16% depending on their annual turnover. To be noted that local betting companies are the privileged ones, since they pay half of the tax. As a result, local players have to opt between international unlicensed bookies or national ones offering extremely low payouts.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

1Xnews, the official portal of 1xBet, has announced an agreement with football club Goa of the Indian Super League. The deal is for the 2021/22 season...

Read more »

The Premier League’s football club Chelsea and its partner, the renowned bookmaker Parimatch, have launched their brand new campaign named ‘The Chosen...

Read more »

According to recent research, gambling-related companies are the most common form of shirt sponsors in European football for another year. Over one fi...

Read more »

Despite the new regulation in Germany and the Netherlands LeoVegas, the Nasdaq-listed group, announced a 12% increase of its total revenue in the Q3 t...

Read more »

After the new agreement that the Union of European Football Associations (UEFA) and Sportradar announced, the sports betting data provider will be an ...

Read more »

The government of Sweden announced that the harsh online gambling restrictions that include a SEK 5,000 (i.e. £424/€491/$600) monthly deposit cap will...

Read more »

Entain has created an exclusive content for Formula 1 fans and will cooperate with McLaren. Via its Partypoker Sports brand, the sports betting group ...

Read more »

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

LATEST BOOKMAKER PROMOTIONS