Greek gambling market sees 14% growth in turnover during first eight months of 2024

The Greek gambling market has experienced growth in 2024, with total gaming revenue (TGR) for the first eight months reaching €28.3 billion ($30.73 billion), reflecting a 14.1% increase compared to the same period last year.

According to data from the Hellenic Gaming Commission (EEEP), this surge was primarily driven by online betting, which accounted for approximately 70% of the total, or €20.1 billion ($21.83 billion).

Listed gaming operator OPAP also saw a substantial contribution to the market, generating €6.6 billion in TGR. Additionally, land-based casinos in Greece posted a 7% year-on-year increase in TGR, bringing in €1.3 billion ($1.41 billion) between January and August.

The growth of the gambling sector has also had a positive impact on state revenues. Tax income from betting companies during the same period rose by around 13.5%, further underscoring the sector’s expanding role in Greece’s economy.

The positive figure for the first eight months of the year is not an unexpected one considering Greece's strong start to 2024. In June, 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.