Sports betting is the leading segment in Portugal's online gaming market and has experienced impressive growth from 2020 to 2022.
As of this article’s publication, Portugal’s regulated market generated €84.2 million in revenue over a three-month period at the end of Q3—marking a 55.7% increase year-over-year.
This surge is due in part to Altenar, which has played a key role in developing and defining Portugal’s iGaming ecosystem, especially in the sports betting vertical.
Since the 2020 shift from land-based to online betting, the market has grown significantly in value, with more operators entering the space each year.
New bettor sign-ups to licensed operator platforms have increased by 5.2% year-over-year—another indicator that both new and established operators are turning to Altenar to claim their share of Portugal’s regulated betting market.
Helping to set new revenue benchmarks, Altenar contributed to a Q3 increase in sports betting revenue to €42.5 million—more than double the figure from the previous year.
With the outlook for sports betting in Portugal continuing to brighten, what exactly does Altenar offer operators that drives such record-breaking success?
Let’s find out…
Record-Breaking Features from Sports Betting Software Provider Altenar
With a powerful combination of performance metrics, market data, and revenue growth, Altenar stands out among sports betting software providers. It delivers a wide array of features, systems, and solutions that help propel operators toward long-term success.
With a manual-aspect backend and a fully customizable front layer, operators can generate insightful reports, track player activity, and refine their risk management strategies—all while maintaining their unique brand identity. Altenar’s solutions adapt to bettor behavior and even encourage engagement through dynamic widget technology.
Constant innovation is part of Altenar’s DNA. New features are continuously released—such as Bet Builder for basketball—demonstrating Altenar’s commitment to building a flexible yet reliable sportsbook foundation.
As betting markets evolve, Altenar ensures operators remain compliant with new certifications, licenses, and regulatory frameworks—making adaptation seamless.
Altenar offers operators a tailored experience, and that’s one reason why it continues to deliver record-breaking results. Visit the website to learn more about how Altenar can support your growth.
At Altenar, sportsbook is where “stability meets flexibility”—and that’s why so many operators turn to us for case studies, market reports, and up-to-date iGaming insights.
Be part of something exceptional—be part of Altenar.
