Portugal betting sites [2024] – Best online bookmakers in Portugal ✔️
Gambling has long been a part of Portuguese culture, as it has been in many other European countries. Since 1961, when the charity Santa Casa da Misericórdia de Lisboa (SCML) was given the sole power to organize and oversee all betting activities in Portugal, the first major efforts toward regulating the betting landscape have been taken.
However, a lot has happened since then, particularly following the implementation of Decree-Law no. 66 in 2015, which legally regulated the online betting environment and opened the market to overseas operators.
Only 11 bookies filed for a municipal license due to the high tax rates. Because licensees must pay an 8-16% tax on betting turnover, businesses must offer lower odds. Because of the greater odds and more appealing bonuses, many Portuguese gamblers favor unregistered bookies.
5 Things to Know Before Betting in Portugal
- In Portugal, there are presently only 11 licensed online sports betting companies.
- When compared to international licensees, Santa Casa da Misericórdia de Lisboa pays a 50% cheaper tax.
- Betting sites in Portugal are taxed at a rate ranging from 8% to 16% of turnover.
- Players do not have to pay taxes on their winnings.
- Approximately 68 percent of Portuguese gamblers prefer to use unauthorized overseas providers.
Population: 10.295.058
Active Players: 2.059.011
Currency: Euro
Regulated Gambling Products: Sports betting, horse racing betting, casino games, poker, bingo, lotteries
Operator Types: Licensed land-based and online bookmakers & casinos – illegal operators functioning without a license
Designated Authority: Comissão de Jogos / Serviço de Regulação Inspeção de Jogos (SRIJ)
Status: Fully regulated
Top 10 Portugal Betting Sites (2024)
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You need to wager 15 times the capital and bonus amount On accumulators only with a minimum of 3 items
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If the wagering requirements for the bonus have not been met within 30 days following the acceptance of the bonus, then the bonus amount and its derived winnings will be nullified.
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The legal framework for online betting in Portugal 📝
Santa Casa da Misericórdia de Lisboa (SCML) was able to extend its monopoly in the internet betting sector in Portugal in the early 2000s. SCML was the sole company granted a license to operate online in Portugal after the introduction of Legislative Decree 282 in 2003. Operators who were still accepting Portuguese bettors were barred by local authorities.
Things took a turn for the worse in 2015, when the Portuguese government decided to offer licenses to international bookies, a crucial step toward liberalizing the domestic gambling market. Decree-Law No. 66 was issued on April 29, 2015. The RJO (Legal Regime of Online Gambling and Betting) was created and implemented.
This is the main statute that regulates all online betting activities in the country, and it has been in effect since June 28, 2015. It’s also worth noting that the RJO has been changed three times since its inception, the most recent of which was on December 29, 2017.
In addition, the Comisso de Jogos, the country’s gambling regulator, and the Serviço de Regulaço Inspecço de Jogos have awarded licenses to all licensed bookmakers offering sports betting in Portugal (SRIJ). On the other hand, due to the substantial taxation imposed on licensees, some overseas bookmakers accept Portuguese players but have not filed for a license. When betting online on illegal bookmakers in Portugal, players are exempt from paying taxes on their earnings and are not subject to legal consequences.
Yes, there are a lot of legal betting sites in Portugal 📜
If you’re wondering “which betting sites work in Portugal” and want to place a bet, you have a few possibilities. The eleven online bookies licenses that you may now access are Betclic.pt, Bet.pt, Luckia.pt, Placard.pt, Nossaaposta.pt, Betano.pt, Casinoportugal.pt, Solverde.pt, Estorilsolcasinos.pt, Betway.pt, and Moosh.pt.
Deposits and withdrawals: how to bet online in Portugal 💰
The Netherlands has a variety of payment options. Multibanco is the most popular deposit method among Portuguese bettors. Players can make no-fee instant deposits by bank transfer using this interbank payment mechanism.
The sole drawback is that it cannot be used to make withdrawals. Apart from Multibanco, credit and debit card payments, as well as all other popular international payment options like e-wallets like Neteller and Skrill, and coupons like Paysafe, are all quite popular. This, however, does not appear to be happening anytime soon. As a result, Portuguese bettors will continue to place wagers on international betting companies that lack a local license but provide far better odds.
Frequently Asked Questions about Portugal betting sites:
Q: Is it legal to use Bet365 in Portugal?
Bet365 is one of the most well-known international brands that has declined to seek for a license in Portugal. It does, however, welcome local players and provides them with over 45 sports to wager on, with a total payout of over 94%.
Q: Is it legal to use Betrally?
We have some terrible news for you if you wish to use Betrally PT. Unfortunately, Betrally has been closed in Portugal.
Q: Does Betfair accept Portuguese players?
Betfair is a well-known international brand that does not operate in the Portuguese online betting sector. As a result, there is no sports bookmaker or scholarship in Portugal that accepts local bettors.
Q: Do I have to pay a gaming fee in Portugal?
Players’ gains are not subject to income tax or any other sort of tax because all registered bookies already pay substantial fees.
Q: Is it legal to gamble in Portugal?
Gambling has been allowed in Portugal since April 29, 2015, when the Regime Jurídico dos Jogos e Apostas Online (RJO) was established.
Q: Is 22Bet available in Portugal?
Yes, despite not having a local license, 22Bet Portugal is one of the most popular international bookies operating in the country. It has a Portuguese-language website, over 48 sports to bet on, and a 97 percent pay-out rate for football.
