Gambling: Greeks lost 22.5 billion euros in 2021

In 2021, the Greeks lost 22.5 billion euros, which corresponds to about 12% of GDP, and 17.4 billion only through the Internet.

The pandemic has further increased the involvement of the Greek population in online gambling (Internet gambling). The total turnover (TGR) of the gambling business has almost tripled in 2021 compared to 2015, according to the Gambling Control and Supervision Committee (GSC).

In 2015, when EEEP first released data on online gambling, the total turnover reached 7.7 billion euros, of which 24 billion (at that time) provisional license holders accounted for 2 billion euros. In 2021, according to the report, TGR amounted to 22.5 billion euros, of which 17.4 billion euros is accounted for by online betting.

Compared to 2015, TGR has almost tripled, and for online gaming it has increased by about nine times, which indicates the high growth rate of online gambling in recent years. Compared to 2020, the total turnover of this market has grown by 35.4%, of which games account for 77.55%. In terms of total gross revenue (GGR obtained by deducting the profit from the total turnover of the gambling business) in 2021, it was 1.9 billion euros, an increase of 14.53% compared to 2020. Compared to 2015, the GGR of online games increased dramatically, reaching only 116 million euros at the time.

In terms of GGR, games played online account for a total share of 38.73%, which is 61.27% of all gambling games played by the inhabitants of the Earth. The state received 560 million as income, as well as 13 million, which were profits but were not requested by the winners.

According to the EEEP report, in 2021, games that take place in “reality” have been affected by the pandemic: OPAP agencies, OPAP Play establishments, casinos, as well as various lotteries and horse racing bets. While market performance in 2021 offset the sharp drop in land-based gambling in 2020, online gaming has taken the lead, continuing to absorb the majority of consumer spending.

In real games, OPAP is the leader in terms of turnover with 3.9 billion euros, which in 2021 corresponds to 17.34% of the total TGR. Last year, casinos brought in 623 million euros or 3.87% of the turnover (TGR) of all games.

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