In the first half of 2021, online sports betting in Portugal outpaced its casino equivalent, as bettors revelled in the never-ending live sports calendar.
According to Portugal Betting Focus, the latest industry research from BtoBet (available here), 39.9 percent of players only bet on sports, while 26.2 percent only bet on online casinos.
Many gamblers, however, demonstrated a penchant for both verticals, with 33.9 percent wagering on both sports and casino games.
For the first six months of this year, Portugal’s online GGR was €253.3 million, with sports betting accounting for €137 million and casinos accounting for €116 million.
Sports betting GGR was down 3 percent from Q1 2021 (€69.5 million to €67.5 million), but year-on-year (YoY) comparisons were, unsurprisingly, quite favourable.
Revenues in Q2 2020, when Covid was actively disrupting sports, were only €20.8 million, therefore this year’s €67.5 million is a massive 224.9 percent gain.
Football, unsurprisingly, was the main driver of sports betting activity, accounting for nearly 80 percent (77.48) of the total volume of bets. With 9.63 percent and 8.74 percent of the total amount, tennis and basketball bets accounted for nearly 18 percent of the entire volume.
The report can be found HERE.