Greece’s gambling market set a fresh record in 2025, with total turnover climbing 6.9% to €16.73 billion as online operators fueled steady expansion despite economic headwinds, according to Hellenic Gaming Commission data.
Gross gaming revenue, the key profitability gauge, rose 6.6% to €3.07 billion, with OPAP holding its ground at €1.49 billion while online firms surged 11.7% to €1.19 billion.
The sector’s resilience shines through single-digit growth in a pressured environment, led by digital platforms that now account for nearly half of bets at €7.73 billion, up from €6.91 billion.
OPAP remains dominant in retail, lotteries, sports betting and VLTs, but online’s double-digit pace, driven by casino and betting, is reshaping competitive dynamics as players like Superbet enter with sportsbook licenses and Regency targets online casino.
State revenues climb
Public coffers benefited, with player taxes up 16.3% to €463.7 million, €320 million from online, and total licensing/tax income exceeding €1.16 billion. The government plans online casino tax hikes from July 1, 2026: 20% from 15% for €100-500 wins and 30% from 20% above €500, projecting €50 million in H2 gains and €100 million annually from 2027.
Illegal shadow looms
Behind the growth lurks a parallel illegal market estimated at €1.6-1.7 billion yearly, with EEEP blacklisting 12,642 sites in 2025 from 9,590 in 2024. Regulators seek telecom cooperation for domain access and propose immediate store closures, ad bans and up to 10-year sentences plus €50,000-100,000 fines.
