After posting record revenue for the first three months of 2019, Portugal’s online gambling market has once again broken its previous revenue record for the second quarter.
Licensed gambling operators generated a total of €48.3m (£44.0m/$53.3m) in the three months to June 30.
Earlier during Q1 licensed online gambling operators generated total revenue of €47.3m (£42.4m/$53.4m). It was also a 43 percent year-on-year increase in gaming revenue.
The figures released by national regulator Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) reveal that the Q2 total is up 29.5% year-on-year.
While it is just six months into 2019, Portugal has already generated more revenue than ts regulated online gambling market generated in entire 2018.
Last year the country’s online gambling revenue was recorded €78.9m. This year the sector has already grossed €95.6m.
Online casinos emerged to be more popular than sports betting as it contributed the most to the overall revenue.
Income from online casinos was posted €25.3m, up from €22.6m in the first quarter and €16.8m in Q2 of last year.
A total of €699.8m was wagered on online casinos, with slots accounting for 67.03% of this figure.
Sports betting revenue dropped from €24.8m in Q1 to €23.0m in the past three months. However, the Q2 figures were still 12.4 percent higher than the revenue generated during the same period the previous year.
Football remains the most popular sports amongst gamblers in Portugal.
A recent study found that there are around 400 to 600 thousand active individual bettors and gamblers in Portugal. The number of individual gamblers is estimated to represent at least 4.6 percent to 6.9 percent of the entire adult population of the country.