Cyprus betting revenue rises 24% to €46.9m in Q2 2026

Cyprus's betting market recorded gross gaming revenue of €46.9m in the second quarter of 2026, up 24% from €37.9m in the same period of 2025, according to figures published by the National Betting Authority, the island's betting regulator. The authority reported growth in both retail and online betting.

Total stakes from Class A operators, which take retail bets, and Class B operators, which take bets online, reached €329.8m between April and June, an 11% increase on the €298.1m recorded in the second quarter of 2025. Of that total, €77.5m came from Class A operators and €252.3m from Class B operators.

Retail stakes rose 5% year on year and 2% against the second quarter of 2024. Online stakes were up 13% on the second quarter of 2025 and 19% on the same period of 2024.

Winnings paid to Class A and Class B players totalled €282.9m, 9% more than a year earlier. Class B players received the larger share, at €222.1m.

Class A gross gaming revenue was €16.7m, up 18%, while Class B revenue reached €30.2m, up 27%.

The number of licensed Class A betting shops was broadly unchanged year on year at 461 outlets across the island: 162 in Nicosia, 134 in Limassol, 83 in Larnaca, 46 in Paphos and 36 in Famagusta. Staff employed at licensed shops rose 10% to 1,584. Licence cancellations and withdrawals increased 167% compared with the second quarter of 2025.

The number of licensed operators was unchanged from the previous quarter, at six Class A operators and 13 Class B operators.

The National Betting Authority also continued its work against illegal betting through blocking unlicensed sites. In the second quarter of 2026 the blocking list contained 22,660 sites, with 245 new illegal sites added during the period, and the total was 5% higher than in the same period of 2025.