Online gambling revenue in Portugal hit double-digit growth figures during the third quarter of 2025. As per the gambling regulator’s analysis, games of chance comprise the largest market share by volume, followed by fixed-odds sports betting. Meanwhile, land-based casinos witnessed a slight decline in year-on-year revenue. Responsible gambling markers have shown considerable improvement amid proactive measures by the government to improve oversight and enforcement.
Key Insights into Portugal’s Online Gambling Revenue Jump in Q3 2025
- Gross Gaming Revenue (GGR) from online games of chance in Portugal during Q3 2025 reached €297.1 million. The figures represent an 11.6% year-on-year (YoY) increase, as well as a 3.5% jump from the previous quarter.
- Online casinos contributed a significant portion of the revenue, generating €197.4 million. Sports betting remained the second biggest contributor, generating €99.7 million. Revenue from land-based casinos dropped 4.6% YoY to €72.4 million.
- The number of active players increased by 7.8% YoY to 4.9 million. Self-exclusions grew by 23.9% year-on-year to 342,000. The gambling regulator blocked 53 unlicensed casinos and reported 130 domains during the period.
Online Gambling GGR Fuelled by Casino Gaming Growth
According to the latest report by Serviço de Regulação e Inspeção de Jogos (SRIJ), Portugal’s national gambling regulator, iGaming revenue hit a new annual peak during the third quarter of 2025. Gross Gaming Revenue (GGR) from online games of chance increased by 11.6% year-on-year (YoY) to reach €297.1 million.
The figure represents a 3.5% jump from the previous quarter, during which the sector generated €287 million. The numbers are just short of the highest ever GGR recorded in Portugal’s iGaming history, which was set during Q4 2024. Data from the gambling watchdog’s report revealed that online casino games fuelled the growth, followed by sports betting.
Online casino revenue during Q3 2025 climbed to €197.4 million. The figure represents a 12.7% YoY increase and an 11% growth from the previous quarter. An increase in the number of active player accounts, as well as individual player spending, has fuelled this growth.
The total number of active player accounts increased by 7.8% YoY to 4.9 million. An additional 358,100 players signed up at online casinos since Q3 2024. The average player’s spending during the period reached €5.49 billion, which represents a 12.5% YoY increase and 8.9% growth since Q2 2025.
Video slots continued to dominate Portugal’s online casino sector. Slot machines accounted for 79.2% of the total market volume, followed by Banca Francesa, a dice game, which comprised 6.8% of the market. Blackjack was the third most popular online casino game, occupying 5.1% of the total market share.
Sports Betting on the Rise While Land-based Gambling Revenue Falters
Revenue from the sports betting sector reached €99.7 million in Q3 2025. The numbers represent a 9.3% YoY increase, although they dropped by 8.7% from the previous quarter despite a significant increase in player spending. Players wagered over €504.6 million on fixed-odds sports betting during the period. The figure represents a 4.4% YoY increase as well as a 10.3% jump from the previous quarter.
Football remained the most popular betting vertical, accounting for 71.8% of the market share in volume. Tennis came next, with a market share of 22.1%. The SRIJ also published the Q3 performance report of land-based casinos. The sector recorded a 4.6% YoY decline in GGR, generating €72.4 million. Slot machines comprised the highest market share, followed by American roulette.
Revenue from slot machines jumped 2.1% YoY to €57.3 million, even though proceeds from other games declined 24.2% to just €15.1 million in the same period. American roulette generated €4.4 million in GGR, a staggering 36.3% YoY decline. Revenue from baccarat also dropped by 34.3% to a mere €3.6 million, followed by blackjack, which posted €2.9 million in revenue, down 13.5% from the same quarter a year ago.
In terms of enforcement, the gambling regulator introduced several reforms for improved oversight. The watchdog blocked 53 unlicensed gambling platforms and requested that Internet Service Providers (ISPs) block 130 domains during the quarter ending in September.
Presently, Portugal has 18 licensed gambling operators holding 32 licences between them. The sector contributed €89.8 million in Special Online Gambling Tax in Q3 2025, representing an 8.8% YoY increase. As Portugal prepares to welcome new gambling guidelines in the coming days, all eyes will be on how the market reacts to these changes.