Portugal’s iGaming revenue increases by 47%

Business News

Portugal’s iGaming market grew by 47 per cent year-on-year to €37.3m The second quarter of 2018 sees the number increase compared to the same period last year, where it recorded € 25.4 million, and also in relation to the first quarter of the year, € 32.9 million .

€16.9 million was collected for the state taxes. This means a substantial increase compared to the first quarter of the year, where €11 million was raised.

An additional license for sports betting and the Football World Cup appear to have contributed to a new increase in online gambling and betting in Portugal.

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