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Portugal – Online gaming down in Portugal

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The online gambling market in Portugal recorded a decrease in gross income during the second quarter of this year, reaching €25.4m or about €6m less than the previous quarter, according to figures published by the regulatory body Serviço de Regulação e Inspeção de Jogos (SRIJ) last week.

Online gaming generated gross income, from the granting of the first license until June 30, 2017, of more than €108.1m.

The online casino segment also fell last quarter to €11.4m from €13.9m reported for the three months ending March 31, 2017. Online poker accounted for 32.6 per cent of the online casino market. Cash games accounted for 23.9 per cent while poker tournaments accounted for 8.7 per cent.

Revenues from online gambling generated €25.4m during the three months reviewed in the report compared to €31.4m during the previous quarter. This means that Portugal’s online gaming market experienced its first quarterly fall since in May 2016 when the SRIJ issued the first license.

Since January, sports betting has decreased, decreasing per month on average by as much as 14.5 per cent, meaning almost a €4m decrease per month. Between April and June 2017, the decrease in gross income amounted to over €1m with betting registering the lowest value in the last month of the second quarter (€3.4m).

In the second quarter of the year, gross revenues from online gambling stood at €11.4m (down €2.5 m from the previous quarter). During the first half of the year, the highest value of betting via online gambling was via online slots (38. 13 per cent), followed by poker. Meanwhile roulette recorded almost 20 per cent of total online gaming.

There are currently 523,000 registered players in Portugal. According to the latest data more than 60 per cent of players are aged between the ages of 25 and 44. In the second quarter of this year, the number of new registrations was significantly lower than the previous quarter, standing at 64,400. As of June 30, players aged between 25 and 44 accounted for 61.4 per cent of all registered players, with the predominant group being 25 to 34 (almost 40 per cent).

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