Greece hasn’t just joined the ranks of regulated gambling countries – it’s built a solid place for itself. Since bringing in Law 4809/2021, the market has run on a clear, EU-friendly licensing system that’s catching the eye of operators across the industry.
The Hellenic Gaming Commission (HGC) oversees the market, and the results are clear: online gambling generated 28.3 billion euro in the first eight months of 2024. With strict KYC, AML, and player protection rules in place, Greece offers a market that is both secure and full of potential.
| Regulatory Authority | Hellenic Gaming Commission (HGC) |
| Key legislation | Law No. 4002 (2011) |
| Allowed activities | Among others:
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| Prohibited activities | Among others:
|
| Taxation and fees | In Greece, licensed gambling operators pay a 35% GGR tax (30% for horse racing).
Players are also taxed on winnings. Online casino winnings:
Sports betting winnings:
All winnings must also align with Greece’s general income tax regulations. |
| Licence validity/duration | 7 years |
| Benefits of the market |
Operators benefit from a single national licence, avoiding the complexity and cost of managing multiple regional approvals.
Lately, the Greek gambling scene has demonstrated significant growth, with total gaming revenue reaching €28.3 billion in the first eight months of 2024, indicating a lucrative market for operators. |
| SOFTSWISS products compliant |
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| Key legislation | Law No. 4002 (2011) |
| Allowed activities | Land-based gambling, including retail sports betting, offered exclusively by OPAP (Greek Organisation of Football Prognostics S.A.) at licensed points of sale. |
| Prohibited activities | Among others:
|
| Taxation | In Greece, licensed gambling operators pay a 35% GGR tax (30% for horse racing).
Players are also taxed on winnings. Online casino winnings (progressive tax):
Sports betting winnings:
All winnings must also align with Greece’s general income tax regulations. |
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