Cyprus betting revenue in 2023 passes €1million mark

In Cyprus, the profits from wagering continued to rise for an additional quarter, indicating the industry's robust and consistent expansion.

The entire gross wagering revenue for 2023 was €1,109,209,082, which is more than one billion euros. By comparison, in 2022, this amounted to €959,557,906, a notable sixteen percent increase.


At last, 496 illicit websites were added to the list, representing a 3% increase in the quantity of unlawful websites blocked in comparison to the third quarter of 2023. As previously reported, 19,073 websites are currently on the list of those offering illegal betting services.
 
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