Cyprus betting revenue rises 11% to €329.8m as online pulls ahead

Gross revenue of Class A and Class B licensees in Cyprus rose 11% in the second quarter of 2026 to €329.8m, with online betting pulling further ahead of land-based shops.

The figure compares with €298.1m in the same quarter of 2025. Class A licences cover land-based betting; Class B covers online betting.

By the numbers

• Class B (online): gross revenue of €252.3m, up 13% on the second quarter of 2025 and 19% on the second quarter of 2024.
• Class A (land-based): gross revenue of €77.5m, up 5% on a year earlier and 2% on the second quarter of 2024.
• Players’ winnings: €282.9m across both classes, up 9%; €222.1m of it went to online players.
• Betting acceptances: €46.9m, up 24% from €37.9m; Class A €16.7m (up 18%), Class B €30.2m (up 27%).

The details

The number of licensed land-based premises was essentially flat at 461 nationwide: 162 in Nicosia, 134 in Limassol, 83 in Larnaca, 46 in Paphos and 36 in Famagusta. Employees at those premises rose 10% to 1,584.

Cancellations and withdrawals of licences rose 167% against the second quarter of 2025. The release does not say why, or give the absolute numbers.

The regulator licenses 6 Class A and 13 Class B operators, unchanged from the previous quarter. It does not say which operators drove the online growth.

Blocking of unlicensed sites

The authority’s block list held 22,660 websites in the quarter, including 245 added during the period. The list is 5% longer than a year earlier.