Portugal

Portugal regulates online gambling through the SRIJ, part of Turismo de Portugal, under the RJO licensing regime. Licences cover casino and slots, fixed-odds sports betting, horse-race betting, bingo and poker, run for three renewable years, and by 2025 the market comprised 18 operators holding 31 licences. The tax structure is notable for its split base: online casino and games of chance are taxed at 25% of GGR under the IEJO regime, but fixed-odds sports betting is taxed at 8% of turnover (stakes) rather than GGR - a turnover model that can push the effective burden well above the nominal rate for high-volume, low-margin betting. Recent regulatory activity has focused on responsible gambling and product rules: a centralised online self-exclusion portal covering all licensed sites went live in April 2026, and an SRIJ consultation opened in January 2026 on fixed-odds betting and online-slots mechanics such as bet builders, cash-out and bonus-buy features. In June 2026 the government announced summer legislation to modernise online gambling rules and curb illegal operators, though the detail remains open. For operators, Portugal offers a stable licensing framework with a moderate casino tax but a punitive turnover-based betting tax that shapes sportsbook economics. The direction of travel is toward tighter product controls, centralised player protection and firmer action against unlicensed supply, positioning Portugal as a maturing market where the sports-betting tax base is the key commercial consideration.