Analytics
Portugal: iGaming Performance in Q4 2024
The Portuguese online gambling market wrapped up 2024 with exceptional momentum. According to the latest report from national regulator SRIJ, the total Gross Gaming Revenue (GGR) reached € 323 million in Q4 — a year-on-year increase of 42.1%.
Key Highlights
🎰 Online Casino
Revenue from online casino games reached € 184.6 million, marking a 19.5% increase YoY. Slot machines dominated the segment with 80.2% of all activity, followed by “banca francesa” (5.4%), roulette (5.3%), and blackjack (4.8%).
⚽️ Sports Betting
Sports betting revenue soared to € 138.3 million — a massive 90% growth compared to Q4 2023. Football remains the top choice for bettors (75%), followed by tennis (10.5%) and basketball (10.2%). Peak betting activity occurred during UEFA Champions League matches, Portugal’s Primeira Liga, and the English Premier League.
Wagering Volume
Total wagers during the quarter hit a record-breaking € 5.1 billion, reflecting a 21.1% YoY growth.
Player Activity
- Active accounts: 4.7 million users (+15% YoY)
- Players who placed at least one bet: 1.2 million (+11.9%)
Demographics
- 78.4% of users are under 45 years old, with the 25−34 age group being the most engaged (33.9%)
- 33.1% of new users are aged 18−24
- Lisbon and Porto lead in regional player distribution, accounting for 21.5% and 21.2% respectively
- 94.9% of users hold Portuguese citizenship; among foreigners, Brazilian nationals make up the largest group (50.1%)
Responsible Gambling
Self-exclusion numbers continue to rise. In Q4, 16,200 players opted for self-restriction — a 36% increase YoY. The total number of self-excluded players now stands at 292,400.
Tackling Illegal Gambling
The regulator blocked 112 unlicensed websites, issued 41 cease-and-desist orders, and referred 5 cases to the public prosecutor’s office.