Can you play casino games in Portugal using cryptocurrencies? What are the best games and bonuses. Find out in our PT crypto gambling guide.
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Fortunately for players, gambling is completely legal in Portugal. Gamblers can enjoy all types of games in land-based casinos around the country as well as engage in sports betting.
However, the legality of online gambling is recent. It was in 2015 that legislation was passed to make online casinos legal. This, in turn, requires all legal online casinos and betting sites to be regulated by Portuguese entities.
Regulations are in accord with what other licenses around the world require. For instance, a minimum legal age (in the case of Portugal, you need to be at least 18 years old), that games are fair and transparent, and to avoid fraud. Online gambling is regulated by the SRIJ, while the SCLM regulates state-sponsored betting, such as the lottery.
Unfortunately, Portugal also has one of the highest betting taxes in the world, with a whopping 44%. While this might make the prospect of playing games of chance unappealing for some, it hasn’t deterred Portuguese players.
Cryptocurrencies are available in Portugal, and the country has been considered a cryptocurrency tax haven for some time. There have been a lot of projects from the government encouraging cryptos with incentives that attracted many miners and traders.
A significant part of this is that the country doesn’t have any taxes for cryptocurrencies. However, there have been talks at the government level to impose some kind of taxation on cryptocurrencies in 2022.
Of course, if a person trades cryptocurrencies regularly, this activity is taxed like any other occupation and is taxed correspondingly. In this case, anyone dealing with cryptos as a way of living must submit a tax return and pay the corresponding share.
Most of the top worldwide cryptocurrency dealers allow crypto trading with their platform in Portugal. Some examples are Coinbase, Binance, and eToro. There is also an extensive online community dedicated to expanding the crypto user base in Portugal and developing projects using different cryptos such as Ethereum and Litecoin.
It is estimated that 2.37% of Portugal’s population owned some form of cryptocurrency in 2021, which equates to around 240,000 people. There are even some utility companies that have begun to accept payments in Bitcoin.
Gambling has been a part of Portugal’s everyday life for centuries. In 1783, Portugal started the lottery, with profits distributed to charities. Even though several forms of gambling existed before this, the lottery was the country’s first officially sanctioned gambling activity.
In 1916, the first casino opened in Portugal. It was the Casino Estoril, which is now one of the biggest casinos in Europe. Located in Cascais o Estoril, this casino has a worldwide reputation. It is said that it was a point of meeting for spies during the Second World War, which inspired the novel James Bond 007 Casino Royale. There are currently 12 casinos in Portugal with more than 5,000 slots and table games.
Even though online betting was first legalized in 2015, there have been previous attempts to regulate this activity. In 2010 and 2012, two official attempts to allow remote operators to perform activities in the country were unsuccessful.
Currently, both online and physical casinos are available for all Portuguese players. Being an ideal place for crypto enthusiasts, many casinos offer crypto payments and deposits.
Today, gambling is a common form of entertainment in Portugal. Physical casinos enjoy tremendous popularity, but with the increasing use of smartphones, many people also enjoy online casinos.
Crypto casinos are also becoming increasingly popular. In recent years, a number of bitcoin casinos have opened their doors in Portugal, offering gambling services to residents of Portugal. This is very convenient because these casinos generally offer better bonuses than traditional-currency casinos.
There are also sports betting options in Portugal, both offline and online. Horse racing, football, and other popular sports are among Portugal’s favorite betting options.
Portugal players have plenty of choices, and their preferences are on par with the rest of the world. The most popular game category is, undoubtedly, online slot games. These games come in many different variations, such as jungle themes, far west, popular TV shows, and much more.
The premise is simple: press the spin button and earn a prize. However, many gameplay mechanics make them a lot more interesting, such as free spins and even mini-games. Some of the most beloved slot games are: Starburst, Liberty Bell, Book of Dead, The Goonies, Cleopatra, Wheel of Fortune Megaways, Mega Moolah, Fishin’ Frenzy Megaways, 9 Pots of Gold, Megabucks, Lion’s Share.
Aside from slot games, Portuguese players also enjoy table games. The most popular are roulette and poker, but baccarat, blackjack, and dice are very popular. You can play these games in both online and offline casinos.
In online casinos, there are generally two versions: regular and live. The regular version is a computer-programmed game, whereas the live ones are live streaming from a studio or casino where a real dealer is the host of the game.
Among the top bonuses are the no deposit ones. This means the casino issues you with bonus money just by registering. This money is yours to keep, but please note that you will need to wager a number of times before being able to withdraw it.
There are also cashback bonuses, which give you a small amount of money back for your plays. Sometimes this is attached to a VIP scheme that offers better cashbacks the higher you are on the ladder.
Finally, one of the preferred bonuses are the free spins. Sometimes casinos grant you free spins, but the winnings are real money. These also come with wagering requirements so be sure to check the T&Cs.
Top-rated PT crypto casinos selected by our experts