Cyprus betting market records 11 percent revenue growth in second quarter of 2026

The Cypriot betting market experienced significant growth during the second quarter of 2026, according to data released by the National Betting Authority. Total gross revenues for the period between April and June reached 329.8 million euros, representing an 11% increase compared to the same period in 2025, when revenues were 298.1 million euros.

Sector performance highlights show that Class A (land-based) betting generated 77.5 million euros, a 5% year-on-year increase, while Class B (online) betting reached 252.3 million euros, a 13% rise from the previous year. Furthermore, total betting income increased by 24% to 46.9 million euros. Winnings paid out to players also saw an upward trend, amounting to 282.9 million euros, with online users receiving the majority of these payouts at 222.1 million euros.

These results confirm a sustained upward trend for the industry, reflecting expanding influence within the local economy. The National Betting Authority continues to monitor these figures as they reflect both a steady recovery and a robust expansion in both traditional and digital betting platforms across the country.