Greece’s online gambling revenue on pace for record 2018

Greece’s online gambling operators are making the government a lot fatter than their land-based casino counterparts, according to new official statistics.

Figures released this week showed Greece’s 15 active online gambling operators generated gross gaming revenue of €356m over the first 11 months of 2018, nearly one-third higher than the sum generated at the same point in 2017.

Greek online gambling revenue totaled €182.8m over the first six months of 2018, putting the five-month total since that span not far off the mark at €173.2m, suggesting that the market continues to enjoy strong momentum following the conclusion of the 2018 FIFA World Cup.

Greece’s online market is currently dominated by a trio of operators, led by Gambling Malta, the parent company of Stoiximan, which claimed the largest slice of online revenue over the first 11 months of 2018 with €145.5m (+7%). Bet365’s local site claimed the next largest slice with €135.2m (+23%) and Sportingbet ranked third with €44.6m.