Portugal regulated its online gambling last spring, when its new legislative framework came into effect. SRIJ was tasked with regulating and overseeing the industry. The regulatory body issued the first online gambling license in May 2016. BEM Operations Ltd., the local subsidiary of gambling operator Betclic, was the first one to receive the green light for entering the local market. The company initially offered sports betting and later on obtained a license for the operation of Online gambling revenue in Portugal amounted to €84.2 million in the three months ending September 30. Sports Competitions Boost Online Gambling Revenue to Record Highs. Online sports betting was the leading game segment in Portugal’s regulated market during the third quarter of 2020, surpassing its casino competitor and doubling its revenue compared to Q2. Locally licensed online gambling However, the Portuguese legal framework does not provide for the possibility of B2B operators being granted a licence to operate an online gambling platform in Portugal. Typically, B2C operators subcontract online providers of gambling services, but the licence itself is granted to the B2C operator. Our experts prepared a list of countries where online gambling operation is legal. To make it even more convenient, we sorted them by continents. It includes not only those countries subject to certain requirements and where online gambling is regulated by law. There are also those countries where online gambling is neither regulated nor prohibited. Online gambling availability in the World The license has enabled Betway to provide sports betting and operate its online casino in the markets of Portugal. Moreover, the nation’s Gambling Commission issued the license to Maltese based firm-Betway, GM Gaming Ltd, and enabled the operators to provide gambling through a website called Betway.pt. However, the newly established Portuguese Gambling Inspection Service hopes to issue the first online licences by the end of the year, creating a gap of six months where operators cannot hold a permit, but could be considered illegal. This leaves overseas companies with something of a dilemma – switch off operations for around six months or potentially risk being denied a licence. Portugal also saw the Special Online Gambling Tax (IEJO) break a record reaching €28.3 million, up by 31.7% year-over-year. Due to the COVID-19 Pandemic, Portugal limited access to online gaming platforms in April, after seeing a surge in use. New users skyrocketed in the third quarter of 2020 by 5.2% year-on-year to 156,800. Countries Where Online Gambling is Legal. Online gambling is legal in the European countries of Germany, Spain, France, Belgium, Switzerland, Hungary, Russia, Poland, Italy, Gibraltar, Malta, Netherlands, Denmark, Portugal, and Norway. In New Zealand, online gambling is legal only on sites based in New Zealand. Online gambling is also legal in Australia, Japan, Kazakhstan, Philippines, and the The state budget passed in Portugal for 2020 implements amendments to Decree-Law No. 66/2015, which changes the special online gambling tax... 21st May 2020. Q&A: Online Gambling in Portugal . Amendments to Decree-Law No. 66/2015, which implements the local licensing regime, were passed in the 2020 state budget, changing the... 6th May 2020. See all. Data & Forecasts. Europe - Online Gambling Portugal has issued its seventh online gambling license as operators continue to believe they can make money online despite the government’s tax-heavy regime.
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