Greece Online Gambling Revenues Set to Post Record Results

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.

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14 February 2019 - 5:29pm

That looks a like a significant growth for the industry in 2018 especially the online sector of course but I'm just surprised that there's another company to top the list in terms of revenues but not Bet365 to be honest.

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