Portugal reports a 17% GGR increase in Q2
Online gambling drove a 17% year-over-year increase in gross gaming revenue (GGR) for Portugal's licensed operators in the second quarter, totaling €146.4m ($149.8m).
The Iberian nation's double-digit GGR growth amounts to an increase of €21.5m, driven by a 42% increase in gaming revenue.
Despite the fact that revenue increased year over year, GGR decreased by almost 8% in Q2 from €158.6 million.
The decrease in sports betting activity, according to Portugal's regulator, Serviço de Regulaço Inspeço de Jogos (SRIJ), who compiled the nation's Q2 results, is to blame. This segment's output decreased by 17%, or €12.2 million, from Q1 to Q2.
Additionally, new player registrations decreased by 23% from one quarter to the next, though they increased by 9% from one year ago.
Players between the ages of 25 and 44 made up roughly 60% of all players registered as of June 30, 2022.
Players who opted to exclude themselves, meanwhile, experienced a boom in Q2. An 8% increase over Q1 in the number of people who voluntarily forbade themselves from gambling.
A total of about 716,000 players engaged in gambling overall in Q2, a decrease of over 43,000 players from quarter to quarter.
And in terms of illegal gambling, the SRIJ sent out 58 closure notifications and shut down 34 ISPs in Q2.
The statement continued, "Within the scope of its powers, the SRIJ has also acted in order to limit the advertising that is made by online gaming operators without a licence for this purpose, having developed several monitoring and awareness campaigns."
Additionally, Portugal collected €44.9 million in the second quarter for its "Special Tax on Online Gaming" (IEJO), which is roughly €6.1 million more than in the same quarter last year.
By fLEXI tEAM