Portugal is the westernmost country in mainland Europe. It sits on the Atlantic Ocean and is bordered by Spain. Despite the fact that the government is swimming in debt, Portugal remains a high-income country and is slowly recovering from the financial crisis of the late 2000s. Portugal’s diverse economy is driven by agriculture, industry, and tourism. It is estimated that over 13 million tourists visit this country each year.
Portuguese gambling laws have recently undergone some major changes. Most notably, online betting is now legal, licensed, and regulated under the Serviço de Regulação e Inspeção de Jogos do Turismo de Portugal (SRIJ). Gambling is divided into four categories which are fixed-odds betting, pari-mutuel and fixed odds horse racing, bingo, and games of chance which includes poker games. One problem that faces the Portuguese gambling industry is the high tax rate which has forced several high-profile online gambling operators to leave the Portuguese gambling market. It is expected that many Portuguese online gambling fans will do their betting with foreign sites that do not possess Portuguese gaming licenses.
Top 10 Gambling Sites for Portugal
What are the Best Gambling Sites and Promotions for Portugal?
Even though the SRIJ has the authority to block sites that hold a Portuguese gambling license, today’s technology makes it quite simple for people to get around these barriers. Under Portuguese gambling laws, offending players and operators are not prosecuted which means that Portuguese online gamblers are more or less free to place bets with both licensed local sites and unlicensed foreign sites. This is good news for punters as many of these top-rated sites offer a wide range of valuable bonuses. Intertops, LSBet, and Casino Mate are all offering up to $100 in casino betting bonuses while Unibet is giving bettors up to €100 in welcome bonuses. Casino betting bonuses of up to €100 are also available at Casino Floor, BetMotion, and 7Bit. Portuguese online casino players are cashing in on the €200 casino bonuses at Casino Sieger as well as the $500 in casino bonuses at BetOwi. How would you like to collect €500 in bonuses? Novibet can make it happen. If that isn’t enough, check out the whopping $10,000 in bonuses that Play Grand Casino is generously offering Portuguese online gamblers.
Portuguese online poker players can also get their hands on some great bonuses by checking out the poker promotions at Gamblingjudge.com. BetOnline, and Intertops will add up to $1,000 to your chip stack.
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How Regulated is the Portuguese Gambling Marking?
With the implementation of Decree Law No. 66/2015, betting in Portugal is fully regulated. Casinos, bingo halls, poker rooms and betting shops are all licensed and regulated by the SRIJ.Lotteries remain a state monopoly are operated by Santa Casa da Misericórdia de Lisboa.
Is Gambling Legal in Portugal?
Gambling in Portugal is legal and fully regulated. There are a number of land-based casinos, bingo halls, betting shops and other betting venues that are all licensed. Online gambling was legalized in 2015 and Portuguese online bettors can place bets with local online companies or with foreign sites. The legal gambling age here is 18 for foreigners and 21 for residents. Some casinos will not admit anyone under 25.
Does Portugal Tax Gambling Winnings?
With the exception of lotteries which have taxes withheld at the source, winnings from gambling are not taxed. Gambling companies are subject to a high tax rate which has caused several operators to leave the Portuguese gambling market.
What Currency and Payment Methods do Portuguese Players Generally Use?
As a member of the EU, Portugal’s official currency is the Euro and it is accepted throughout the country. It is also offered as a currency option at the vast majority of online gaming sites. When it comes to payment options, Portuguese online bettors have a wide range of options. Major credit cards are most commonly used as are prepaid cards like PaySafe and EntroPay. Other methods include the use of debit cards as well as bank transfers. Be sure to check with your favorite gaming site to see what methods are available to you.