Posted on: November 20, 2021 Posted by: Robert Davis Comments: 0

Gambling Regulation and Inspection Company of Portugal (SRIJ) has described on the gains acquired from the iGaming sector in the third quarter of 2021. The regulator posted the data in the regional fiscal information.

From July to September 2021, €114.2 million was gathered from iGaming actions in Portugal. It is 35.5% (or €30 million) more than on-line gambling earnings from the exact same period of time in 2020. Having said that, on line GGR has decreased by 8.6% (or €10.8 million), compared to the second quarter of 2021.

At the exact same time, the land-based mostly on line casino sector ongoing to grow and generated €49.2 million in the 3rd quarter of 2021. The profits is 60.9% (or €18.6 million) increased than the offline casino gains from the Q3 2021

The decrease in on the internet athletics betting led to a lower in Q3 GGR

According to the SRIJ, the drop in the iGaming revenue is a end result of reduced sports activities betting GGR, which is down by 26.9% from the Q2 2021 amount. At the same time, the income from online video games of likelihood have increased by 12.8%.

iGaming sector

GGR in Q3 2021

GGR in Q2 2021

GGR in Q3 2020

Sports betting

€49.3m

€67.5m

€42.5m

On the net video games of likelihood

€64.8m

€57.5m

 

Total GGR

€114.2m

€124.9m

€84.2m

Major updates in the Portuguese iGaming current market

In other on the web gambling news, the Portuguese industry has grown considering that Q2 2021. In the third quarter of 2021, 162.3k new players registered at on-line casinos or sportsbooks. Self-exclusion fees have also seen a quarter-on-quarter progress, with 100.8k buyers getting a break from gambling in Q3.

SRIJ has also just lately launched a new variety of gambling license. As of November 2021, the authority accepts apps from the crash match vendors.

Go through a lot more: All you will need to know about investing in gambling stocks

Study more: Appealing details about on the net gambling in Europe