Economy · Cyprus
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18 July
Cyprus’ betting revenue rose by 12% in Q1
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AI-synthesised from 6 sources · no editorial bias
The betting market in Cyprus experienced significant growth in the first quarter of 2026, with total gross revenue rising by 12% compared to the same period in 2025. The revenue from both land-based and online betting reached €360.1 million, according to the National Betting Authority (NBA). This reflects the increasing popularity of betting among Cypriots during this period.
The surge in revenue can be attributed to the expanding online betting sector, which has seen rapid growth. Numbers indicate that both Class A and Class B operators have contributed to this robust performance in the market. The latest financial results underscore the continuing upward trend in the gambling industry within the country.
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