Gross revenue from online gambling in Portugal reached €297.1 million ($346.5 million) in Q3 of 2025, the second-highest quarterly amount on record.
Revenue in the three months to the end of September was 11.6% ahead of the same quarter in 2024. It also surpassed Q2 2025 by 3.5% but fell 8% short of the €323 million record set in Q4 2024.
Data from regulator Serviço de Regulação e Inspeção de Jogos (SRIJ) revealed year-on-year growth across both sports betting and casino games.
Online sports betting revenue hit €99.7 million. This beat the previous year by 9.3% but was 8.7% lower than Q2, despite an increase in consumer spending. Sports wagers topped €504.6 million, up 4.4% year-on-year and 10.3% higher than Q2.
Football remained the most popular sport among consumers in Portugal. Some 71.8% of all bets were placed on football in Q3, with tennis the next most popular on 22.1%.
Online casino revenue nears €200 million mark
Turning to online casino, revenue for this segment in Q3 amounted to €197.4 million. This put the market 12.7% ahead of the previous year and 11% above Q2 2025.
This uptick was helped by a rise in player spending, with wagers reaching €5.49 billion in the quarter. Spending was 12.5% higher year-on-year and 8.9% more than Q2.
Slots continued to dominate the online casino market in Portugal, accounting for 79.2% of all bets in this segment, ahead of dice game Banca Francesa on 6.8% and blackjack 5.1%.
Almost five million registered players in Portugal
Looking at the online market as a whole, the total number of registered players increased by 7.8% year-on-year to 4.9 million. In the 12 months since Q3 of 2024, an additional 358,100 consumers had signed up for an online account.
In terms of self-exclusion rates, as of the end of September 2025, some 342,000 people were blocked from online gambling. This total was 66,000 more than at the same point in 2024, an increase of 23.9%.
The SRIJ also referenced its own activities to block illegal online gambling in the country. In Q3, it issued 53 closing notifications to unlicensed websites and referred 130 domains for blocking.
Decline in land-based gambling revenue
In addition to the online market, the SRIJ published data for land-based activities in Q3. This showed a 4.6% year-on-year decline in revenue to €72.4 million.
Slot machine revenue edged up 2.1% to €57.3 million. However, revenue from other game types declined 24.2% to €15.1 million for the quarter.
American roulette generated €4.4 million in revenue. However, this was some 36.3% less than in the previous year. Baccarat revenue also tumbled 34.3% to €3.6 million, while blackjack was down 13.5% to €2.9 million.
Revenue was 11.6% higher than Q3 of 2024 but fell short of the total for Q2 2025.