Greece's gambling market grew in 2017 thanks in large part to more online gambling from punters, boosting tax revenues by more than €35 million.
Key financial indicators for the year ending December 31st, 2017 were:
- Gross gaming revenue tax of €662 million, up €35 million from the year prior
- Online operator revenues were up €23 million from the year prior, although firm numbers weren't available
- Unlicensed Video lottery terminals (VLT) numbered 100,000, which don't contribute to the regulated industry.
- OPAP net profit down to €126 million
- OPAP revenues up 4% to €1.45 billion
- OPAP taxes paid amounted to €16 million
Greece's regulated market is largely run by OPAP, which serves as a monopoly run by the government and restricting potential growth of the market. Still, the industry has shown potential for growth, with many punters enjoying sportsbetting services in the country.