Portugal’s Online Betting Market Breaks Record

In our latest gambling news, we’re taking a look at the gambling market across Europe. Currently, Portugal’s online betting market breaks record. Becoming a bookie is something that is happening across the world. And the confidence in this line of work increases. Especially when you see data that shows the growth of online gambling.

In the case of Portugal, their online gambling market’s Q1 data for 2019 registers the best figures they have ever had. The SRIJ, the country’s regulatory board, shows that the revenue generated for the first quarter of the year is at €47.3 million. The data covers the period from January 1 to March 31.

Online Betting Market Breaks Record

This amount is 43.8% higher than last year’s year-on-year data, as well as €4.3 million higher compared to its previous quarter, Q4 2018. This is also the highest amount since its opening last May 2016.

Credit to the increased numbers is attributed to a few factors. One, is the increase in licensees. There are 10 new companies as of March 31. Another factor, is the access to online gambling, which has made the market accessible and convenient for everyone. Licensees are reporting 125,200 new signups from customers in the quarter alone.

318,000 people placed at least 1 wager in Q1, where half were exclusively betting on sports. Other punters were betting in either both, or for casino games solely. This is why when getting into sports betting, most pay per head reviews will refer you to a good sports betting pay per head provider. These providers not only offer sportsbook management, but they have extra features like online casinos, live poker rooms, and more. This allows the bookmaker to earn a lot more, since you are offering the full range of gambling options.