Greek gambling turnover surges to $11.79 billion in Q1 2024

The Hellenic Gaming Commission reported that total turnover from legal gambling activities in Greece, including OPAP, lotteries, racecourse betting, online gambling, and casinos, reached €10.85 billion ($11.79 billion) in the first quarter of 2024, up from €9.51 billion ($10.33 billion) during the same period last year.

Reformed turnover (TGR), which includes profits and bonuses reinvested by players, increased to €3.89 billion ($4.23 billion) from €3.49 billion ($3.79 billion) in Q1 2023. Gross Gaming Revenue (GGR), the actual revenue for gambling providers, rose to €682.3 million ($741.28 million) compared to €641.3 million previously. Additionally, player tax revenue grew to €97.4 million ($105.82 million), up from €80.9 million ($87.89 million).

The report comes as the Hellenic Gaming Commission explores the integration of artificial intelligence within the gaming sector. At the Beyond 2024 technology exhibition, Dimitrios Papadopoulos, Chief Operation Officer of the Commission, discussed the potential of AI and linguistic models to tackle issues such as player addiction, illegal advertising, complaint management, and public information dissemination.

Papadopoulos emphasized that integrating machine learning technologies to oversee and regulate gaming activities in Greece stands as a steadfast strategic objective of the Hellenic Gaming Commission. The Commission aims to leverage AI to enhance regulatory oversight and ensure responsible gambling practices.