Key regions: Japan, South Korea, United States, India, Europe
The Online Casinos market in Portugal has been experiencing significant growth in recent years, driven by changing customer preferences and favorable local circumstances.
Customer preferences: Portuguese customers have shown a growing interest in online casinos due to the convenience and accessibility they offer. Online casinos provide a wide range of games, including popular options such as slots, poker, and roulette, which cater to the diverse preferences of customers. Additionally, the ability to play from the comfort of their own homes or on mobile devices has made online casinos a convenient and attractive option for many Portuguese players.
Trends in the market: One of the key trends in the Portuguese online casino market is the increasing adoption of mobile gambling. With the proliferation of smartphones and improved internet connectivity, more and more players are choosing to access online casinos through their mobile devices. This trend is expected to continue as mobile technology continues to advance and become more widely accessible. Another trend in the market is the integration of live dealer games. These games provide a more immersive and interactive experience for players, as they can interact with real dealers in real-time. This trend has gained popularity in Portugal as it combines the convenience of online gambling with the social aspect of playing in a physical casino.
Local special circumstances: Portugal has a regulated online gambling market, which has contributed to the growth of the online casino industry. The country implemented a licensing system in 2015, allowing operators to legally offer online gambling services to Portuguese residents. This regulation has provided a sense of security for players, as they can be assured that licensed operators adhere to strict standards and regulations. Furthermore, the Portuguese government has implemented measures to promote responsible gambling. Online casinos are required to provide tools and resources to help players manage their gambling habits and prevent excessive gambling. This focus on responsible gambling has helped to create a safer and more sustainable online casino market in Portugal.
Underlying macroeconomic factors: The growth of the online casino market in Portugal is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income for many Portuguese consumers. This rise in disposable income has allowed more people to participate in online gambling activities. Additionally, the tourism industry in Portugal has been thriving, attracting a large number of international visitors. These tourists often engage in online gambling while in the country, contributing to the overall growth of the market. The combination of domestic and international players has created a diverse and vibrant online casino market in Portugal. In conclusion, the Online Casinos market in Portugal has been growing due to changing customer preferences, such as the preference for convenience and mobile gambling. The integration of live dealer games has also contributed to the market's growth. Local special circumstances, such as the regulated market and focus on responsible gambling, have provided a favorable environment for the industry. The underlying macroeconomic factors, including economic growth and a thriving tourism industry, have further supported the development of the online casino market in Portugal.
Data coverage:
The data encompasses B2C enterprises. Figures are based on Gross Gambling Revenue (GGR) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.Modeling approach / Market size:
Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies, and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, the urban population, the usage of key players, and attitudes toward online services.Additional notes:
The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
