Revenue for the three months through to 31 December 2019 was up 52.1% year-on-year from €43.0m in the final quarter of 2018. Q4 also represented the eighth consecutive quarter in which the market set a new revenue record, surpassing the previous high of €54.1m in Q3.
Sports betting revenue for the quarter amounted to €33.4m, up by 55.0% on the previous year. Consumers wagered a total of €185.3m, an increase of 67.5% from Q4 of 2018.
Football was the most popular sport to bet on in Q4, accounting for 74.6% of all wagers in the period. Basketball followed in a distant second with 13.3%, then tennis on 6.3%.
Meanwhile, revenue from online games of chance revenue also increased 49.1% year-on-year to €32.0m, while the amount spent by players on such games rose by 47.9% to €852.2m.
A total of 12 approved operators were active in the Portuguese market in Q4, compared to nine in the same period last year. The operators held 20 licences between them, nine of which covered sports betting, with 11 for games of chance.
Licensed operators paid a total of €35.8m in online gambling tax during Q4, an increase of 67.4% on the previous year.
Some 163,900 new account registrations were recorded in the fourth quarter, up from 103,500 in the same period in 2018, while it was also revealed that a total of 390,400 people placed online wagers during the period.
Source: GMB / iGaming Business
