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Cyprus’ betting revenue Hit's Over €1 billion in 2023

Revenues from betting activity within Cyprus recorded an upward trend for another quarter, thereby confirming the dynamic and steady growth of the sector.

According to the financial results announced by the National Betting Authority for Q4 of 2023, the gross betting revenue of Class A (land-based betting) and Class B (online betting) recipients reached €325,601,464, marking an increase of 10 per cent compared to the corresponding quarter of 2022 (€296,607,170).