National federations received 245 million euros (ME) between 2018 and 2022 from sports betting, more than half of which, according to the government, was done online.
In response to the message of the PS parliamentary group on the change in the funds allocated to sports organizations, Santa Casa da Misericórdia with the Placard game and tourism with online betting, the government reported this value, which reached 61.7 ME in 2022. an amount well in excess of the 35.7 ME of funding allocated annually by the Portuguese Institute of Sports and Youth (IPDJ) to all federations.
Last year and 2021 with ME 59.4 were basically the most “profitable” years in betting for sports federations, which, according to decrees no. ) or 3.5% of the income received, in the case of betting on the coefficients of the territory base.
With a total of 151.7 MOEs, over the past five years, online sports betting has been the primary responsibility for the value distributed by sports federations.
Online rates have seen exponential growth in 2021 and 2022, allowing federations to allocate 41.8 and 44.2 IU, years in which Placard, responsible for the 93.5 IU of this cake, kept values around 17.5 IU.
Created by Santa Casa da Misericórdia de Lisboa (SCML), this betting system has never surpassed online gambling revenues, but came close to it in 2019 when its revenues were ME 22.2 compared to ME 25.2 online.
For every euro invested in Placard, sports subjects receive 3.5% legal fees, i.e. 0.035 euros, and 37.5% special tax on “online” gambling is charged on Internet bets, which, according to current legislation, is 15 %. up to five IU and 8% up to 30 IU.
Unsurprisingly, the Portuguese Football Federation (FPF) is the organization that makes the most profit from sports betting: a total of 146 ME in the last five years, representing almost 60% of the total, with an increase in income from “online” in 2021 ( 25.4 ME) and 2022 (23.7 ME) compared to Placard (11 and 10.9 respectively).
Since 2017, the FPF has never received less than 20 IU from sports betting – 1.3 in 2015, 14.3 in 2016 and 20.7 in 2017, which is 22.6 in 2018, 27 in 2019 and 25.3 in 2020.
In an interview with Lusa, an official source of the FPF acknowledged that these revenues amount to between 25% and 30% of the federal budget for each season, adding that these amounts are invested in the promotion of football, in the activities of selections, in the organization of amateur football competitions, futsal and beach soccer, as well as support for participants.
It is followed by the Liga Portuguesa de Futebol Profissional (LPFP), which attracted a total of 50.1 ME between 2018 and 2022, with the last two years also considered the most profitable, with 12.6 ME each, more than double total income. federations of tennis (21.1 million people) and basketball (18 million people) over the same period.
Other collective sports cost more modest amounts, such as volleyball (1.6 ME), handball (1.7 ME) and rugby (290 thousand euros), while the beneficiary of roller hockey is the skating federation (184 thousand euros). ). excluding what the winter sports federation guarantees, a total of 4.3 million euros over five years, mainly due to betting on ice hockey.
Billiards at €178,000, badminton at €105,000 are the other federations benefiting from betting between 2018 and 2022, outperforming more traditional sports such as cycling at €6,862, swimming at €4,702 and athletics at €112 .
Approximately 60 thousand euros intended for American football are eventually returned to the Portuguese Institute of Sports and Youth (IDPJ).
“There are at least two other sports that have some kind of expression in betting and do not have a federation. [com utilidade pública desportiva] in Portugal: rugby and cricket. In these cases, by Decree No. 314/2015 of September 30, as amended by Decree No. 209/2022 of August 23, the funds are returned to IPDJ,” explained an official source in the State Secretariat. Luce of the Youth and Sport organization.
According to the same source, “the government is not considering changing the current distribution.”
Author: Portuguese
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.