Join one of Portugal’s top online casinos in 2024
An Overview of Legal Gambling in Portugal
The monopoly that had previously existed in Portugal was broken up by the new laws, which signaled a dramatic change to the status quo in the nation. All “social games” in Portugal were under the jurisdiction of Santa Casa de Misericordia (SCML), which the government defines as lottery and sports betting. The Inspector General of Games, a separate organization, was in charge of all other forms of gambling, including slot machines, poker, bingo, and casino games.
The EU put more and more pressure on the government to change its legislation to comply with its rules about free markets. The Portuguese government, however, had resisted and maintained their monopoly by mandating that Internet service providers obstruct any websites that were not authorized.
The Portuguese government made it plain that they intended to “sign up as many operators as possible, particularly international operators,” when the framework for the new legislation became available to the public. This cleared the path for gamers to securely and lawfully join accredited online casinos in Portugal.
It’s all about the Money
As many European countries are discovering, the online market is almost impossible to police, and Portugal took the decision to regulate the industry to try and gain revenue through taxes rather than spend resources on trying to block foreign operators.
Licenses are now be issued by SCML and last for a period of 3 years. They are available for casino games, sports betting, horse racing, poker, and bingo. Prospective licensees have to show that they are reputable and make financial guarantees before they will be permitted to launch an online casino in Portugal. Other stipulations require all operators to have a physical presence in Portugal. Likewise, websites must use a .pt domain and financial transactions must be carried out through a Portuguese bank account.
These factors, combined with the high tax rate compared to other jurisdictions, has resulted in several operators opting to not make forays into the fledgling Portuguese online casino market.
A Taxing Situation
Clearly the main motivation for Portugal introducing new legislation was to earn money from tax revenue, but the government has been criticized for an overly excessive tax regime, which ultimately resulted in some big players leaving the market altogether, similar to what happened in its neighboring country, Spain.
Operators of online gaming services are subject to tax rates ranging from 15% to 30%, while tax on sports betting ranges from 8% to 16%. Crucially, this is based on turnover rather than revenue, which has drawn complaints from some European operators. These operators claim it is be difficult to sustain business in the country, and the claim was bolstered by PriceWaterhouseCoopers who were commissioned to conduct a study on the new regime by the Remote Gaming Association.
The report made for grim reading, suggesting that the refusal to switch to a revenue-bases taxation system could cause up to 4 out of 5 operators to leave the Portuguese online casino market within the first year of the new regulations. A mass exodus, says the report, could cost the Portuguese authorities up to €20m in lost tax revenue.
While some big names have indeed chosen to step away from the industry, the results were not as devastating as expected, and as a result, there is still a wide range of choice for Portuguese players when it comes to online casino options.
Many big-name operators and popular casino sites provide services in the country, and the huge difference between the scene before and after the legislation change has resulted in a hefty increase in online gambling revenue in Portugal.
Nowadays, players can access the best-quality casinos online in Portugal for legal gambling. These regulated sites, such as the ones featured on this page, will offer you a safe yet exciting online gambling experience. Portuguese casinos will even offer you the same excellent choice of bonuses that are available in other countries.
Below, we give you the full lowdown on what games you can play at Portuguese casinos, and the payment methods you can use to deposit and withdraw money hassle free.
Online Casino Software Developers in Portugal
The biggest and most notable difference in the online gambling market in Portugal, outside of the sheer size, is the availability of software from various high-profile developers.
Previously, big name developers were hesitant to provide their games to the unregulated Portuguese online casinos that were offering games to players in the country. Since regulation has come into place, however, and the bigger operators from outside Portugal have started to cater to the Portuguese market, these games are now available in the country.
Some of the top developers for Portugal online casino players include:
Evolution Gaming – Evolution Gaming have eyes on the future. While most other developers focus predominantly on slots, Evolution focused immediately on live dealer games, and now offer by far the most impressive live casino portfolio around. Their extensive portfolio features numerous variations of classic games and several innovative and unique titles.
IGT – IGT are creators of classic slot games. The likes of Cleopatra made this developer a big name in Vegas, and the online slot portfolio from IGT has ensured this reputation has made the transition successfully.
Microgaming – Microgaming are arguably the best known developer in iGaming. The focus here is mainly on slots, with the likes of Immortal Romance being bonafide classics, and progressive jackpot slots like Mega Moolah offering huge prizes.
NetEnt – NetEnt made their name with classic slots like Gonzo’s Quest and Starburst, while titles like Motorhead and Planet of the Apes have ensured their reputation is maintained. With an excellent live dealer games suite also available, NetEnt is often the go-to for casino operators looking to broaden their gaming options.
Playtech – Like Microgaming (Mega Moolah, Mega Moolah Isis) and NetEnt (Mega Fortune, Hall of Gods), Playtech are best known in the current casino market for their progressive jackpot slots. After losing the rights to the Marvel franchise, Playtech bounced back with the Age of the Gods progressive jackpots series, which became some of the most-played games in the online casino world.
Yggdrasil – In 2013, it was impossible for any new software developer to break through and compete with the top names of the business, but Yggdrasil managed it. With innovative and exciting slots like Vikings Go to Hell, Niagara Falls, and Jackpot Riders, Yggdrasil brought something new to the scene and went from winning best newcomer awards to best casino awards in a single year.
Popular Payment Methods at Portuguese Gambling Sites
There are numerous payment methods available to players at online casinos in Portugal, but a few stand out as the most popular. Here’s a quick rundown of the common deposit and withdrawal options you’ll find when gambling online in Portugal:
Credit and Debit Cards
The old school way still maintains a decent level of use amongst Portuguese players. The simplicity of bank cards is preferred by some, but the long waits and necessity to share banking details with casino sites puts some off.
e-Wallets
Quicker withdrawal times and details kept away from casinos have made e-Wallets like Neteller and Skrill popular. Prepaid cards like Paysafecard are also on the rise, partly because casino bonuses in Portugal often do not apply to eWallet users.
Cryptocurrencies
Instant payments and anonymity, the main selling points of Bitcoins and its crypto cousins, are popular amongst Portugal online casino players. Fewer casinos provide crypto payments at this stage, but that’s likely to change as the rise of Bitcoin continues.
Join a Top Portugal Casino Online Today
Now that you know the ins and outs of Portugal’s online gambling scene, it’s time to join one of our premium casino sites to get the best gaming experience on the web. We’ve been in the industry for decades and know what makes a casino site a cut above the rest, so we guarantee you’ll enjoy any casino you choose from our curated list on this page. Sign up with one of our trusted Portugal casinos online today, and benefit from great bonuses, a massive games portfolio, and professional customer support.
Now that you know the ins and outs of Portugal’s online gambling scene, it’s time to join one of our premium casino sites to get the best gaming experience on the web. We’ve been in the industry for decades and know what makes a casino site a cut above the rest, so we guarantee you’ll enjoy any casino you choose from our curated list on this page. Sign up with one of our trusted Portugal casinos online today, and benefit from great bonuses, a massive games portfolio, and professional customer support. And if you don’t like any of our options for Portugal, you’ll also be able to join any of our top Brazil casinos.
