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Online betting is primed to loom large within Greece, as the industry is poised to report a record 2018 in revenues for the year.
The numbers were shared by government officials, who revealed that for the first 11 months of 2018 that online gross gaming revenues reached €356 million, which is up a third from the year prior. There are 15 active online operators licensed in the country, and the revenues match up well with the €173.2 million that was reported for the first half of the year.
The largest operator in the Greek online market is Gambling Malta, which had revenues of €145.5 million for the first 11 months, followed by bet365 with €135.2 million, and Sportingbet coming in third at €44.6 million.
Online revenues are performing much better than land casinos, which is on track to only bring in €248 million for the year.
The Greek government collected €124.5 million in tax revenues through November, which is key, as the government has been notably short on revenues to pay for various programs.
We'll be reporting the full-year results as they come in.