In Portugal, the increase in online gambling has been reflected in financial results.
Total operator take for H1 2020 increased to revenues of €138.9m (£125.4m/$164.4m) for a 44.2% year-on-year, according to new figures from the Serviço de Regulação e Inspeção de Jogos (SRIJ).
The momentum ceased however by June, as revenues returned to pre-pandemic levels.
Key Sports Betting
H1 2020 saw sports betting revenue increase 15.9% year-on-year to €55.2m, with online casino revenue up 74.1% from 2019 to €83.7m. Total stakes increased 62.5% to €2.53bn.
Meanwhile, sports betting stakes declined 1.5% to €239.9m, with online casino stakes growing in line with revenue to €2.29bn.
Portugal regulator SRIJ attributed the increase in online play to the closure of land-based casinos, and lauded the fact that Portugal players chose licensed sites when forced to go online during the shutdowns.
More About Stakes
Sports betting stakes for Q2 2020 reached €90.7m while casino stakes came out to €1.32bn for three month online totals that outpaced the entire six months through 30 June, 2019.
Sports betting stakes performed the strongest in the pre-covid months of January and February at €61.7m and €56.7m—before falling €30.8m in March, and all the way down to €7.7m for April.
Portugal's market recovered in May to wager amounts of €27.4m, and then rose all the way to pre-pandemic levels of €55.6m for June.
Leading Sports Bet On
Football remained the most popular sport to bet on, fluctuating from a low of 71.7% of stakes in January to a June high of 86.3%.
Second in the sports betting vertical was tennis, which jumped in May, with those stakes making up
22.7% of bets dropping back to June's 9.4%, which was in line pre-pandemic levels.
Basketball was third, but dropped dramatically with the NSA's suspension until the end of July.
As for casino games, January stakes totaled €304.9m in January, with €286.5m arriving in February, before casino activity online increased. In March, players staked €381.8m; in April €479.3m; and May €468.3m before June wagers dropped to €371.9m.
The combination of wager fluctuation and legal betting across both modalities indicates the resilience of Portugal's market, which seems poised for growth no matter what the conditions.