Market Monitor: Portugal Q3 2019
Key Takeaways
  • Online poker revenue in the regulated Portuguese gaming market reached €3.1 million, down 2.7% year-over-year.
  • The Portuguese online poker market still consists solely of PokerStars.
  • The picture is very different across the online gambling market as a whole.

Online poker revenue in the regulated Portuguese gaming market reached €3.1 million in Q3 2019. Whlle a rise consecutively on Q2, the market’s low point, it represented a decline of 2.7% when compared to the third quarter of 2018.

The Portuguese online poker market consists of PokerStars and 888, the only two operators thus far approved for online poker in the country. In Q3 2019 it generated €2.2 million in rake at the cash game tables (-4.7% year-over-year) and €1.0 million in entry fees in tournaments (+1.9%).

Still, the decline was much lower than observed in previous quarters. In fact, it was the second-best performance since the market completed its first full year, where it has seen revenue decline in every quarter bar Q1 2019, and in most cases in double-digits.

Total revenue for the year to date at the online poker tables has reached €9.126 million, only down 4% on the same period in 2018.

The picture is very different across the online gambling market as a whole. At €54.1 million, the revenue of both the sports and “games of chance” segments (the latter of which includes poker) reached a new high, up 41% year-over-year.