Portugal: Q2 2025 Results Analysis
The Gambling Regulation and Inspection Service (SRIJ) published its report for Q2 2025. During this period, 17 licensed operators held 30 active licenses.
The gross revenue of the legal online gambling market reached € 287 million, marking a 9.6% increase compared to Q2 2024. The report highlights significant iGaming growth, stable sports betting activity, and stronger measures against illegal operators.
Key Figures
🔵 GGR: € 287M (+9.6% YoY)
🔵 Taxes: € 81.2M
🔵 iGaming: € 177.8M (+12.2%)
🔵 Sports betting: € 109.2M (+5.7%)
🔵 Betting volume: iGaming € 5.04B (+15.4%), Sports betting € 457.3M (-1.1%)
🔵 Registered players: 4.87M (+9.9%)
🔵 Active players: 1.12M (-2.6%)
🔵 Age: 25−34 years (33.5%)
🔵 Self-exclusions: 326,400 (+27% QoQ)
Popular Segments
🔴 Sports betting: Football 67.7%, Tennis 21.8%, Basketball 6.5%
🔴 iGaming: Slots 79.1%, French banking games 7%, French roulette 5.3%
Control and Supervision
🔵 Closure notices: 97
🔵 Blocked websites: 110
🔵 Since 2015: 1,522 notices to illegal operators, 2,501 blockings, 49 cases referred to prosecution
Conclusion
Slots and football betting remain the main drivers of the sector.
Active regulation and the growth of the online segment confirm the market’s resilience. However, the decline in active players suggests that the local market may be reaching a plateau after several years of rapid growth.
This maturity indicates that licensed operators will likely focus more on player retention rather than acquisition to strengthen their market positions.
The gross revenue of the legal online gambling market reached € 287 million, marking a 9.6% increase compared to Q2 2024. The report highlights significant iGaming growth, stable sports betting activity, and stronger measures against illegal operators.
Key Figures
🔵 GGR: € 287M (+9.6% YoY)
🔵 Taxes: € 81.2M
🔵 iGaming: € 177.8M (+12.2%)
🔵 Sports betting: € 109.2M (+5.7%)
🔵 Betting volume: iGaming € 5.04B (+15.4%), Sports betting € 457.3M (-1.1%)
🔵 Registered players: 4.87M (+9.9%)
🔵 Active players: 1.12M (-2.6%)
🔵 Age: 25−34 years (33.5%)
🔵 Self-exclusions: 326,400 (+27% QoQ)
Popular Segments
🔴 Sports betting: Football 67.7%, Tennis 21.8%, Basketball 6.5%
🔴 iGaming: Slots 79.1%, French banking games 7%, French roulette 5.3%
Control and Supervision
🔵 Closure notices: 97
🔵 Blocked websites: 110
🔵 Since 2015: 1,522 notices to illegal operators, 2,501 blockings, 49 cases referred to prosecution
Conclusion
Slots and football betting remain the main drivers of the sector.
Active regulation and the growth of the online segment confirm the market’s resilience. However, the decline in active players suggests that the local market may be reaching a plateau after several years of rapid growth.
This maturity indicates that licensed operators will likely focus more on player retention rather than acquisition to strengthen their market positions.