Sports betting generated €66.9 million for federations last year, up 8.5% from €61.7 million in 2022. The majority of revenue came from bets placed online, with a record value of €50.4 million. This amount is due to the share of sports organizations in the tax levied on the turnover of legal operators, which amounted to 1.721 million euros, an increase of 16% compared to the previous year.
The Placard game, managed by the Santa Casa da Misericórdia de Lisboa, generated 16.5 million euros for sports federations in 2023, according to government data provided to Lusa. This is a decrease from €17.4 million in the previous year, confirming the downward trend that began in 2020 with Covid.
The FPF continues to be the organization that receives the largest profit from betting: €37.9 million (61.4% of the total) last year and €220 million since 2015. Right behind it is the Club League (12.3 million euros in 2023 and 76.2 million euros). for nine years). Then come tennis and basketball (9.1 million euros and 5.2 million euros in 2023).
Author: morning Post
Source: CM Jornal
I’m Dave Martin, and I’m an experienced journalist working in the news industry. As a part of my work, I write for 24 News Reporters, covering mostly sports-related topics. With more than 5 years of experience as a journalist, I have written numerous articles on various topics to provide accurate information to readers.