Published
OnlineFinancialSports BettingIndustry

Portugal posts 17% GGR rise for Q2

Portugal’s licensed operators generated €146.4m ($149.8m) in gross gaming revenue (GGR) for Q2, a 17% year-on-year increase driven by online gambling.

srij portugal q2 financial results gambling insider web image

The Iberian country’s double-digit GGR increase constitutes a rise of €21.5m, fuelled by a 42% increase from games of chance.

However, while revenue rose year-on-year, Q2 saw GGR drop by almost 8% on a sequential basis, down from €158.6m.

Portugal’s regulator, Serviço de Regulação Inspeção de Jogos (SRIJ), who compiled the country’s Q2 results, attributed this to a decrease in sports betting activity. This segment produced €12.2m less than it did for Q1, a 17% drop.

New player registrations also dropped on a quarter-over-quarter basis, falling by 23%, though again, these rose when compared to last year, up by 9%.

As of 30 June 2022, players aged between 25 and 44 represented the majority of all registered players at around 60%.

Meanwhile, players who chose to self-exclude boomed during Q2. Nearly 23,000 more people voluntarily banned themselves from gambling when compared to Q1, an 8% increase.

Overall, around 716,000 players participated in gambling during Q2, an over 43,000-player drop quarter-on-quarter.

And when it comes to illegal gambling, the SRIJ issued 58 notifications for closure and blocked 34 ISPs during Q2.

It added: “Within the scope of its powers, the SRIJ has also acted in order to limit the advertising that is made by online gaming operators without a licence for this purpose, having developed several monitoring and awareness campaigns.”

In addition, the second quarter saw Portugal collect €44.9m for its ‘Special Tax on Online Gaming’ (IEJO), roughly €6.1m higher than for Q2 of last year.

Premium+ Connections
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
Premium
 
 
 
Premium Connections
Consultancy
Executive Profiles
Crown Melbourne
Resorts World Las Vegas
Crown Melbourne
Global Gaming Women
Svenska Spel
Follow Us

Facing facts: FY revenue figures reflect a turbulent '24

Who soared high and who fell behind in 2024? Gambling Inside...

Taking stock: Moving through to Q2

Gambling Insider tracks online casino operator and supplier...

Preview: This year's Global Gaming Awards Asia-Pacific and Americas

It’s that time of year once again, as the Global Gaming Aw...

Costa Rica: Effective regulation is the industry's path forward

Gambling Insider Senior Staff Writer Beth Turner spoke with...

Preview: Global Gaming Awards Asia-Pacific 2025

The Global Gaming Awards Asia-Pacific’s highly anticipated...

Preview: SiGMA Manila 2025

The return of the Philippines’ annual summer gaming summit...

Company profile: Gameplay Interactive

A multi-currency & multilingual white-label and turnkey solu...

Company profile: Lynon

Expertise & commercial flexibilities: In the ever-changing l...