In addition, the regulator noted that while online gaming gross revenue improved year-over-year by over 16 per cent, land-based gaming revenue dropped by almost four per cent.
Publishing data for Q4, the SRIJ declared a 16.4 per cent increase in gross revenue when compared to the previous year, coming in at €227.4m (Q4 2022: €195.3m). Q4’s revenue was also a 5.6 per cent improvement on the previous quarter’s €215.3m.
From the 17 licensed games of chance operators and 13 licensed sportsbooks in Portugal, games of chance revenue stood at €154.5m, up 40.7 per cent YoY (Q4 2022: €109.8m), while sports betting revenue fell by 14.8 per cent to €72.8m (Q4 2022: €85.4m).
Per gaming type, slots had the biggest share of games of chance wagers placed during the quarter at 83 per cent, fo..