{"id":282,"date":"2024-06-28T20:14:10","date_gmt":"2024-06-28T17:14:10","guid":{"rendered":"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/"},"modified":"2024-06-28T20:14:10","modified_gmt":"2024-06-28T17:14:10","slug":"portugal-online-gambling-revenue-reaches-new-high-in-q4-2023","status":"publish","type":"post","link":"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/","title":{"rendered":"Portugal Online Gambling Revenue Reaches New High in Q4 2023"},"content":{"rendered":"<p><iframe loading=\"lazy\" width=\"800\" height=\"450\"\n    src=\"https:\/\/www.youtube.com\/embed\/18cu4I7sOio\"\n    frameborder=\"0\"\n    allow=\"accelerometer; encrypted-media; gyroscope; picture-in-picture\"\n    allowfullscreen><br \/>\n<\/iframe><\/p>\n<p>The nation of Portugal has established a new high point for online gambling income for the sixth consecutive three-month period in the final quarter, reaching \u20ac227.4 million (\u00a3194.7 million\/$246.8 million).<\/p>\n<p>The revenue for the fourth quarter of 2023 is 5.6% higher than Portugal&#8217;s previous peak of \u20ac215.4 million set in the third quarter. It is also 16.4% greater than the \u20ac195.3 million recorded in the final quarter of 2022.<\/p>\n<p>Of all income, \u20ac154.5 million was attributed to online casino games, up 40.7% year-over-year. This also signifies another new high for Portugal.<\/p>\n<p>Consumers spent \u20ac3.84 billion playing online casino games in the final quarter, a 28.7% increase year-over-year, also the highest ever for the market. Slot machines accounted for 83.0% of all wagers, followed by French roulette at 6.9% and blackjack at 4.7%. Other spending was distributed across dice games and poker.<\/p>\n<p>Sports betting income declines further, despite increased spending<br \/>\nIn contrast to the growth in the online casino sector, sports betting income fell again. The sector generated \u20ac72.8 million in revenue in the final quarter, down 14.8% from \u20ac85.4 million in Portugal in 2022.<\/p>\n<p>However, there was some positive news for this market, with player spending increasing by 16.0% to \u20ac5.321 billion. This is also the highest for any other quarter in 2023.<\/p>\n<p>As for what Portuguese consumers are wagering on, football is the most popular sport, accounting for 74%. <\/p>\n<p>A significant portion of wagers, approximately seven percent, were placed on the sport of basketball.  A slightly higher percentage, 10.8%, was also placed on basketball. Tennis accounted for a smaller portion of bets, at 9.7%, while other sporting events accounted for 4.8%.<\/p>\n<p>The number of new accounts for online gambling saw a notable increase in the final quarter of the year.  During this period, roughly 319,500 Portuguese consumers established new accounts, a significant increase compared to the 237,600 new accounts opened in the same period the previous year.<\/p>\n<p>By the end of the fourth quarter, there were an estimated 4.2 million active online accounts in the country.<\/p>\n<p>Alongside the growth in new player accounts, there was a noticeable rise in self-exclusion from online gambling.  In the final quarter, this figure reached 215,000, representing an increase of 18,400 from the previous quarter and 63,200 from the same period in 2022.<\/p>\n<p>Furthermore, Portuguese authorities issued orders for the closure of 23 illegal websites during this quarter.<\/p>\n<p>The land-based gambling market experienced a decline in revenue during the fourth quarter.  Revenue for the final quarter amounted to \u20ac64.6 million, representing a 3.9% decrease compared to the \u20ac67.2 million recorded in the same period of 2022.<\/p>\n<p>Revenue from land-based slot machines decreased by 3.5% year-on-year, reaching \u20ac51.4 million, accounting for 79.7% of total revenue in the fourth quarter.  The remaining \u20ac13.7 million was generated from casino-style games and bingo, which experienced a 1.5% decline.<\/p>\n<p>Specifically, American roulette revenue totaled \u20ac4.2 million, baccarat revenue reached \u20ac3.6 million, and blackjack revenue amounted to \u20ac2.8 million.<\/p>\n<p>Sign up for the iGaming newsletter. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nation of Portugal has established a new high point for online gambling income for the sixth consecutive three-month period in the final quarter, reaching \u20ac227.4 million (\u00a3194.7 million\/$246.8 million). The revenue for the fourth quarter of 2023 is 5.6% higher than Portugal&#8217;s previous peak of \u20ac215.4 million set in the third quarter. It is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.8 (Yoast SEO v22.8) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Portugal Online Gambling Hits Record High Again<\/title>\n<meta name=\"description\" content=\"Portugal\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:type\" content=\"article\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:title\" content=\"Portugal Online Gambling Revenue Reaches New High in Q4 2023\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:description\" content=\"Portugal\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:url\" content=\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"og:site_name\" content=\"Unlock the Secrets of Casino Success with Our Licensed Platform\" class=\"yoast-seo-meta-tag\" \/>\n<meta property=\"article:published_time\" content=\"2024-06-28T17:14:10+00:00\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"author\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" class=\"yoast-seo-meta-tag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" class=\"yoast-seo-meta-tag\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" class=\"yoast-seo-meta-tag\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/bebidashve.com\/#\/schema\/person\/7fe3f8540cfe191b1464d5c1c2f0a7f0\"},\"headline\":\"Portugal Online Gambling Revenue Reaches New High in Q4 2023\",\"datePublished\":\"2024-06-28T17:14:10+00:00\",\"dateModified\":\"2024-06-28T17:14:10+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\"},\"wordCount\":459,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/bebidashve.com\/#organization\"},\"articleSection\":[\"Gambling\"],\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\",\"url\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\",\"name\":\"Portugal Online Gambling Hits Record High Again\",\"isPartOf\":{\"@id\":\"https:\/\/bebidashve.com\/#website\"},\"datePublished\":\"2024-06-28T17:14:10+00:00\",\"dateModified\":\"2024-06-28T17:14:10+00:00\",\"description\":\"Portugal\",\"breadcrumb\":{\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/bebidashve.com\/2024\/06\/28\/portugal-online-gambling-revenue-reaches-new-high-in-q4-2023\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Homepage\",\"item\":\"https:\/\/bebidashve.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Portugal Online Gambling Revenue Reaches New High in Q4 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/bebidashve.com\/#website\",\"url\":\"https:\/\/bebidashve.com\/\",\"name\":\"Unlock the Secrets of Casino Success with Our Licensed Platform\",\"description\":\"Explore the dynamic world of online gambling through our regularly updated news, honest game reviews, and expert insights. 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