The third quarter of 2023 saw a new high in online gambling revenue in Portugal, reaching a total of €215.3 million. This was a 4.6% increase from the previous quarter and a significant 36.1% spike from the same period in 2022. The surge in revenue was largely attributed to the record-breaking figures from the internet casino segment, which accounted for €133.4 million in revenue, up 50.5% year-on-year.

Consumer spending on online gambling also reached new heights, hitting €3.65 billion in Q3, representing a 47.2% increase from the previous year. The majority of this spending, 82.3%, was on slots, with French roulette and blackjack making up the remaining portion.

While online gambling saw a significant rise in revenue, the sports betting market in Portugal experienced a decline for the third consecutive quarter. Despite a 17.7% increase in revenue from the previous year, the numbers were 2.5% lower than the previous quarter, totaling €81.9 million in Q3. However, player spending on online sports wagering saw a 12.1% increase from the previous year, reaching €390.5 million.

The Gaming Regulation and Inspection Service (SRIJ) in Portugal also reported an increase in self-exclusions from online gambling, which reached 196,600 in Q3, marking a 42.5% increase from the same period in 2022. Additionally, there were 205,200 new online registrations and 97,800 cancelled accounts during the quarter, bringing the total number of active online gambling accounts to 3.9 million in Portugal. SRIJ also ordered 23 websites to cease illegal operations during this time.

Revenue from land-based gambling also saw an increase, amounting to €76.1 million in Q3, marking a 14.0% rise from the previous year. Physical slot machines accounted for €57.2 million of this total, while casino-style and bingo games contributed €18.9 million. Baccarat gambling generated €5.9 million in revenue, American roulette €5.8 million, and blackjack €3.3 million.

Overall, the gambling industry in Portugal experienced a surge in online gambling revenue, while the sports betting market saw a decline. The increase in self-exclusions and the continued efforts to regulate illegal gambling operations also indicate a shifting landscape within the industry.

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