Online sports betting outshone its casino rival in Portugal’s regulated market during the third quarter of 2020, with wagering revenue more than doubling from Q2. 

Figures released Monday by the Serviço Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ) regulatory body show that locally licensed online gambling operators generated revenue of €84.2m in the three months ending September 30, up 55.7% from the same period last year and 21.6% better than the market reported in Q2 2020. 

The Q3 figure represents a new high-water mark for Portugal’s regulated online market, easily surpassing the €70.2m reported in the first quarter of this year. The number of newly registered customers improved 5.2% year-on-year to 156,800, while quarterly active customers gained more than one-third to 473,200. 

Sports betting led the Q3 charge, driven by the resumption of major league activity following spring’s pandemic halt. Pent-up demand pushed betting revenue to a record €42.5m, more than double the Q2 total and nearly two-thirds higher year-on-year. Betting turnover was also in a record-setting mood, nearly doubling year-on-year to €222.8m.