Greek gambling market records significant growth
The turnover of the Greek gambling market recorded a significant increase in the first eight months of the year.
From January to August, Total Gaming Revenue (TGR), i.e. the total value of the amounts bet by players, was 28.3 billion euros, up 14.1% year-on-year.
According to figures from the Hellenic Gaming Commission (EEEP), of this, approximately 70%, i.e. €20.1 billion, came from online betting, while listed gaming giant OPAP follows with €6.6 billion. In land-based casinos, TGR increased in the eight-month period, on a year-on-year basis, by 7%, to €1.3 billion.
The growth in the size of the gambling market also pushes the state’s revenue from this activity upwards: In the year’s first eight months the revenue to the state from betting companies increased by approximately 13.5%, to €391.4 million, while the players’ tax increased by 18.5%, to €250.1 million.
