Greece’s online sports betting market on pace for record 2018

Greece’s online sports betting market is on track for a new revenue record in 2018, driven by bettors’ interest in this summer’s FIFA World Cup.

According to Greek media outlet Kathimerini, the 24 online gambling operators that currently hold ‘transitional’ local licenses generated total wagering turnover of €3.23b and revenue of €182.8m in the six months ending June 30.

The turnover total is 24% higher than those same 24 operators generated in the same period last year, while the revenue total is up 30% year-on-year. The government’s tax take was also up 30% year-on-year to €64m.

The Ministry of Finance announced last month that the 24 online operators generated combined turnover of just under €5.3b and revenue of €280.6m in all of 2017, so the H1 2018 figures have set the market firmly on a record-shattering pace.