MIÉ 27 DE NOVIEMBRE DE 2024 - 09:35hs.
In constant growth

Portugal’s online betting market reaches €5 billion in first half of 2022

As in Brazil, the sports betting sector has been growing year after year around the world. In Portugal, it reached €5 billion in financial transactions in the first half of 2022. This represents an average of €28 million in bets per day, according to the Gaming Regulation and Inspection Service. Compared to the same period in 2021, there was a growth of 1 billion euros.

Online gambling is growing in Portugal and proof of that is the money that it moved in the first six months of this year. Data from the newspaper “Público” released this Saturday (27) based on the Gaming Regulation and Inspection Service, show that between January and June 5 billion euros were made in bets, an average of 28 million euros per day.

Compared to the same period last year, there was a 1 billion euros growth in turnover.

The betting sector has given the fortune tellers a total of €305 million in revenue, with the regulator blocking more than 100 illegal sites.

Investments are mainly made in sports betting, poker and also in slot machines.

In total there are more than 716 thousand registered bettors in Portugal.

Source: Rádio Comercial