🇵🇹Illegal betting 🚨on the rise: players are betting big on danger‼️

🇵🇹Illegal betting 🚨on the rise: players are betting big on danger‼️

In Portugal, a growing number of gamblers are turning to unregulated websites, with 41% opting for illegal platforms over licensed ones. The Portuguese Association of Online Betting and Gaming (APAJO) highlights the risks associated with these sites, including potential financial and personal data threats. Despite the challenges, the regulated market continues to generate significant revenue, but it is losing out on an estimated $100 million in tax revenue due to illegal gambling activities.

📉Key Topics:

➾ Channelization Rates: 41% of gamblers use unlicensed sites.

➾ APAJO's Concerns: Risks of illegal platforms to consumer safety.

➾ Reasons for Preference: Higher odds, more games, attractive bonuses.

➾ Impact on Revenue: Loss of $100 million in potential tax revenue.

🚫Despite these challenges, the regulated gambling market in Portugal is thriving, with record revenues reported. By addressing illegal gambling, the country could unlock even more potential for growth and safety in the industry.

💸When gambling is illegal, the thrills are doubled... but so is the risk!

#GamblingInPortugal #IllegalBetting #APAJO #OnlineGambling