Bookmakers in Portugal
How to find the best bookmakers in Portugal
Betting in Portugal is available through local bookmakers and foreign online sports books alike. Bookmakers in Portugal offer odds on all popular sports and leagues with football being the most popular game in the country.
Portugal is considered one of the fast growing markets in Europe while many local punters prefer to place wagers online through many websites that offer a Portuguese version of their odds pages.
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How to find legal betting sites in Portugal
Before 2015, sports betting in Portugal was allowed only through the state monopoly Santa Casa da Misericórdia de Lisboa. Since early 2016, sports betting sites in Portugal are legal regardless of their country of incorporation, opening the door for foreign bookies to enter the market. Legal betting sites in Portugal are subject to high taxation, however. That’s why some big names in gambling have not established their corporate presence in Portugal.
If you wonder can you gamble in Portugal by placing wagers with a non-licensed foreign operator, the short answer is “yes”. Local bettors and visiting gamblers can safely place bets online without facing any legal prosecution.
Betting sites available in Portugal
As we said, bets in Portugal are available through local shops and a wide selection of online bookies. Punters have access to all popular leagues and sports, including football, basketball, volleyball and foreign leagues such as the NBA, NHL and NBL. Popular sports events include the European Champions League and other leading football leagues across Europe.
You can place a bet using a local bookmaker or opt for one of the leading world bookmakers. Many bettors ask “Can I use Bet365 in Portugal” or wonder if they can use another well-known sports book. As betting through foreign sites is not explicitly prohibited and the authorities do not take special measures against online bets, you can safely place bets online with any reputable bookmaker.
You should also know that more than 300 betting websites have pages in Portuguese to make gambling more comfortable for punters from Portugal.
Bonuses by Betting Sites in Portugal
You can find numerous and different betting bonuses offered to Portuguese bettors by both local and international sportsbooks. Actually, each new betting company in Portugal usually enters the market by offering advantageous bonuses for both newcomers and experienced punters.
The most widespread types of bonuses are the welcome bonuses you get upon sign-up and deposit bonuses that allow you to place free bets. Many cash bonuses are available to Portuguese punters but you should check for betting bonuses on a regular basis as each bookmaker introduces new bonuses frequently.
Mobile bonuses are another option offered by bookies in Portugal and those who want to know how to bet online in Portugal can first try an online or mobile sportsbook to take advantage of the many bonuses provided by these bookies.
Payment methods for betting in Portugal
Portugal is within the Eurozone, so all bets across the country are in Euros. Online bookmakers, however, may accept bets in other currencies even though you are placing a wager from Portugal.
Sports betting sites in Portugal accept all major debit and credit cards, including VISA and MasterCard. Selected online bookmakers allow deposits through American Express cards but their number is limited. Of course, virtually all bookmakers accept bank transfers.
Other widespread payment methods include online payment processors such as Neteller, Skrill and PayPal. Some betting sites in Portugal may also accept less popular e-wallets and even cryptocurrencies. These are mostly new betting companies in Portugal that are offering online and mobile betting services only.
Do I pay taxes while betting in Portugal?
Portugal punters do not pay taxes on winnings from sports betting. Taxation on gambling revenues is relatively high for casino operators and licensed online bookmakers; nevertheless, individuals owe no taxes on gambling winnings.
Operators of casino games, bingo and poker games pay between 15 percent and 30 percent tax on their gross revenue from gambling. Sports betting companies pay from 8 percent to 16 percent tax on their sports betting revenue.
Future of bookmakers in Portugal
Portugal’s gambling industry reported EUR 82 million in gross revenue in 2016. This makes the country one of relatively developed gambling markets in Europe; provided that the country’s total population is around 10 million.
On the other hand, some EUR 40 million of the above amount went to the state coffers in the form of taxes on gaming revenues, which in turn forces some big international sports books to avoid Portugal due to the high taxes on gambling.
As of September 2017, eleven operators have licenses to provide online gambling services within Portugal. Seven online casinos hold licenses for online games and four sports books are licensed to operate on Portuguese soil.
Nonetheless, local bettors are increasingly looking for foreign bookmakers in Portugal that operate online without holding a formal license. These bookmakers include both established sports books and new online bookies.
If your are looking for a list of the best bookmakers in Portugal as well as bookmakers that offer their odds in Portuguese, you can check out selection of reputable bookies in Portugal below. In any case, you should also make your own research to find the sports book that offers the best odds and bets in Portugal.