Key Takeaways
The National Betting Authority (NBA) says that the betting sector in Cyprus saw a big rise in the second quarter of 2025. Gross income from both land-based (Class A) and online (Class B) betting grew to €298.09 million, a 4% gain compared with the same period in 2024 and a 16% jump compared to 2023. Even if the number of permitted physical betting shops has gone down a little, internet betting is still driving big growth. The NBA stepped up its fight against illegal gambling, adding 322 websites to its blacklist list in the second quarter of 2025. This was in addition to increased income.
Q2 2025 Results Show Sustained Growth
The NBA said on November 26, 2025, that gross betting revenues in Q2 were €298,086,561, up from €287,889,316 in Q2 2024. This represents a 4% increase from the previous year. The growth is significantly more at 16% when compared to Q2 2023 (€256,546,057).
Here are the numbers broken down by licence class:
- Class A (betting on land): €73,911,240
- Class B (online betting): €224,175,321
Class A revenues fell 3% from the same quarter last year, but they were still higher than they were in 2023 (up 3%). Class B revenues, on the other hand, went up 6% from 2024 and 21% from 2023. This shows that more people are betting online.
The total amount of money that players won (payouts) in both classes was €260,140,774. This was a 5% increase from the previous year and a 14% increase from 2023. Most of this money (€200,415,708) went to online bettors.
The report calls the net receipts of betting companies "acceptances." They came to €37,945,787. That is a 3% drop from the second quarter of 2024. Class A went down by 9%, but Class B went up by only 1%.
Changes in Structure and the Way Business Works
Even though the business made more money, the amount of land-based betting space shrank a little. There are now 460 licensed Class A premises in Cyprus, which is 3% fewer than in Q2 2024. The number of people working at these places similarly went down by 2%, to 1,436.
The number of licence cancellations or withdrawals fell by 79% compared to the same quarter last year, which is a good indicator for regulation and stability. This could mean that people are following the rules more or that the industry is becoming more stable.
More Action Against Illegal Betting
The NBA is still going after unregistered and illegal gaming companies with a lot of force. The number of blacklisted websites grew by 6% year over year in the second quarter of 2025, reaching more than 21,600. There were 322 new additions during the quarter.
This push for enforcement is in line with the NBA's larger goal under its present strategy framework: to keep the regulated betting market honest, protect consumers, and make sure that everything is clear.
A Long-Term Upward Trend
The statistics for the second quarter of 2025 are part of a larger trend of growth in Cyprus's gambling industry. Earlier reports from the NBA and the news had already shown signs of increase. For example, the industry did quite well in the first few months of 2025 and 2024, with steady gains in activity and revenue.
Also, NBA's current strategy planning through 2024–2026 focusses on both the growth of the sector and responsible gaming.
Implications for Bookmakers, Regulators, and Online Bettors
The data shows that licensed bookies, especially those who operate online, are in a good place right now because demand is rising and earnings are stable. For regulators and the public, the expansion along with stricter control shows that even if the market is growing, the authorities are nonetheless on the lookout for illegal activities.
For people who bet online, this development could mean more options, more rules, and more efforts for safe and responsible gambling.
Steady Sector Expansion Under the NBA’s Strategic Plan
The National Betting Authority's most recent quarterly analysis shows that the betting sector in Cyprus is still growing gradually, thanks to a rise in online gambling. As people's preferences change, internet platforms are making more money, while conventional betting locations are getting smaller. At the same time, the regulator steps up its efforts to punish illicit operators. As the industry grows under the NBA's 2024–2026 strategic plan, both stakeholders and customers should expect it to keep growing, with a strong focus on responsible gambling and openness.
For more information, visit NBA's website.