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Portugal gaming market generated gross gaming revenue of €152.1m in 2018, benefiting from a strong performance during the final quarter of the year. The fourth quarter proved to be the most successful for licensed operators, with revenue at €43.0m, up from €36.5m in the final quarter of 2017.
Online casino gaming revenue also increased from €54.4m in 2017 to €73.2m, representing an increase of 34% year-on-year. Sports betting was the highest attributing factor in the fourth quarter, with operators releasing revenue figures of €21.6m from €110.6m wagered on sports. At Q2 and Q3, when the FIFA World Cup tournament was actually taking place and revenue is surprisingly lower – 89.8m and €90.1m respectively. The total sports betting wagers came in at €391.8m in 2018.
Finally, the SRIJ provided an update on its blocking efforts, saying that up to December 31, 2018, 338 illegal gambling operators had been told to cease operations in the country. Internet service providers were instructed to block 270 sites that, despite warnings from the SRIJ, had continued to operate in the country.
