The Greek gambling market experienced growth in the first quarter of 2025 compared to the same period last year.
Data from the Hellenic Gaming Commission indicates that the adjusted Total Gaming Revenue (TGR) from legal gambling activities—including OPAP, lotteries, horse racing, online gambling, and casinos—reached 4.073 billion euros in January, February, and March 2025, up from 3.8 billion euros during the same timeframe last year.
The Gross Gaming Revenue (GGR), which reflects the actual income of providers, amounted to 751.6 million euros, rising from 682.3 million euros the previous year. OPAP and online companies captured the largest market share, followed by casinos, lotteries, and racetracks. Overall, the tax contributions from players totaled 97.4 million euros.
Growth Amidst Challenges in the Gambling Sector
The Commission notes that while the gambling market is thriving, it also faces significant challenges that must be addressed. In particular, the report highlighted that traditional casinos contribute only 6% of the state’s gambling revenue, categorizing them as outdated in an evolving market. The aim is to retain only those enterprises capable of rehabilitation, facilitating collective representation and adopting a more institutional role. The Commission warns that problematic casinos pose risks to the stability of the gambling market and could undermine its foundation.
