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Comment on Cyprus online betting revenue hits €214.65 million by Key Developments in Cyprus iGaming Sector Explained - Emerald Zebra
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Comments for The Dispatch
The authority on Wednesday reported that total betting revenues from Class A (retail betting in physical shops) and Class B (online betting) operators reached €292.01 million, marking a 13 per cent rise from the previous year.
Out of the total revenues, €77.36 million came from Class A operators, while Class B operators contributed €214.65 million.
Meanwhile, Class B operators experienced a 14 per cent increase year-on-year and a 24 per cent rise compared to 2022.
Specifically, Class A commissions reached €13.54 million, marking a 16 per cent rise from 2023, while Class B commissions surged by 48 per cent to €23.27 million.
The number of employees in licensed betting establishments stood at 1,518, reflecting a 3 per cent rise from the previous year.
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