Portugal’s online gambling revenue fell for the first time in 11 quarters in Q1 2025 - following a significant new record in Q4 2024 - but the overall trend of growth continued.
The Portuguese gambling regulator, the Gaming Regulation and Inspection Service (SRIJ), reported total revenue of €284.7m, down 11.9 per cent from €323m in Q4 2024.
However, the latest revenue figure is higher than that of Q3 2024’s €266.3m.
What’s more, the latest quarter’s revenue is up 9.1 per cent on Q1 2024’s €260.9m.
In Q1 2025, there was a decline in both sports betting and online casino game revenue of €23.4m (down 16.9 per cent) and €14.9m (down 8.1 per cent), respectively.
Almost 60 per cent of the Q1 revenue came from online casino with the remaining 40.4 per cent from sports betting.
Regarding each category's contribution to the total gross revenue recorded during the period, 59.6% came from games of chance and 40.4% from fixed-odds sports betting.
Sports betting revenue of €114.9m was up 14.4 per cent from Q1 2024, while online casino revenue of €169.7m showed growth of 5.9 per cent year-on-year.
Sports betting handle in Q1 2025 fell by €72m or 12.5 per cent year-on-year and declined by €31.7m or 5.9 per cent quarter-on-quarter.
Online casino stakes were €4.7bn in the latest quarter, up by €313.8m or 7.2 per cent from Q1 2024 but down by €482.4m or 9.4 per cent from Q4 2024.
