Portugal's online gambling market generates USD 35M in Q1

According to the official report, Portuguese-licensed sites have signed up over 523k customers since the market launched, with new registrations peaking in Q4 at 267,500, likely due to November’s launch of Amaya Gaming’s PokerStars brand. By contrast, only about 112k new accounts were opened in Q1 2017.

The majority of Portugal’s online gamblers are under 34 years of age, with 29.3% between the ages of 18-24 years old, and a further 40% aged 25-34. Less than 10% of registered customers are over the age of 45.

As of March 31, the number of gamblers who’ve requested self-exclusion from Portuguese-licensed sites is 11,300, or roughly 2.2% of the total number of players. Of these, around 2k had gone on to rescind their self-exclusion request.

Whilst the sports betting market has shrunk from the US$20 million reported in the last quarter of last year to US$19.5 million in the first of 2017, companies Bet Entertainment Technologies and Betclic have collected 70 percent of the revenue total with US$64.8 million.

Back in November, the European country granted PokerStars the first online poker and casino license. SRIJ granted the license to REEL Europe Ltd, the international filial which operates Pokerstars.pt gaming platform.

Click here to see the full report.