GRCyprus' betting industry saw significant growth in the first quarter of 2026, with total gross betting revenue reaching €360.1 million, a 12% increase compared to the same period in 2025. Online betting operators experienced the most substantial growth, generating €273 million, which represents a 17% year-on-year increase. Revenue from licensed betting shops decreased slightly by 1% to €87.1 million. Gamblers received €314.2 million in winnings, also showing a 12% annual increase, while betting companies retained €45.9 million in revenue after payouts, marking an 11% improvement. The number of licensed betting shops increased marginally to 459, and employment in the sector grew by 10% to 1,529 workers. Additionally, the National Betting Authority expanded its efforts against illegal gambling by adding 406 new websites to its blacklist, bringing the total to 22,415.
Bias read (Center): The article presents factual data on the growth of the betting industry in Cyprus without any apparent ideological framing or biased language. It provides statistical information on revenue, employment, and regulatory actions taken by the National Betting Authority, maintaining a neutral tone.
