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Cyprus sports betting market reaches new heights in Q3

23rd December 2022 9:44 am GMT

The sports betting sector in Cyprus grew by 24 per cent in Q3 2022, with record handle of €238.2m marking the fourth consecutive quarter above €200m.

Betting handle from the 11 licensed online sportsbooks was up by 29 per cent year-on-year to €172.6m, representing 72 per cent of the market.

There were 498 licensed retail betting premises operated by 7 licensees during the quarter, and they produced handle of €65.6m, which was an increase of 12 per [...]

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