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Cyprus Betting Market Reaches New Heights In Q4 2025

by THEFUTURE.TEAM

May 12, 2026

Robust Growth Amidst Market Expansion

Cyprus’s betting sector recorded strong growth during the fourth quarter of 2025, with gross revenue from Class A and Class B operators increasing 22% year-on-year to €395.5 million, compared with €323.2 million during the same period in 2024. The results reflected continued expansion across both online and land-based betting activity, with digital platforms maintaining the strongest momentum throughout the quarter.

Differentiated Performance Between Online And Land-Based Operators

Online betting operators continued dominating the market, with Class B operators generating €301.5 million in revenue compared with €94.1 million from Class A land-based betting shops. According to the National Betting Authority, revenue from Class A operators increased 9% quarter-on-quarter and 4% year-on-year, while Class B operators recorded significantly stronger growth, rising 27% compared with Q4 2024 and 28% compared with Q4 2023. The figures further highlighted the sector’s continued shift toward online betting platforms.

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Player Payouts And Earnings Analysis

Player payouts across both categories reached €348.2 million during the quarter, representing a 25% increase year-on-year, with online betting accounting for €271.5 million of the total. Across the full year, payouts increased to €1.17 billion, up 9% compared with 2024. At the same time, the gap between player pay-ins and payouts, reflecting betting earnings, widened to €47.4 million in Q4 from €45.5 million a year earlier. While earnings from Class A operators declined 5% to €17.4 million, Class B operators recorded a 10% increase to €30 million, further reinforcing the online segment’s stronger profitability.

Market Structure And Regulatory Oversight

The number of licensed Class A betting premises increased slightly to 467 during the quarter, indicating relative stability across the retail betting network. Regional distribution included 163 locations in Nicosia, 135 in Limassol, 84 in Larnaca, 49 in Paphos and 36 in Famagusta. Employment across licensed betting shops also increased 6% to 1,556 workers. Despite stable operator activity overall, licence cancellations and withdrawals rose sharply by 122% compared with Q4 2024, although the market continued operating with six active Class A operators and 13 Class B operators.

Strengthening Regulatory Measures

Regulatory oversight also intensified during the quarter as the National Betting Authority expanded efforts targeting illegal betting activity. By the end of December 2025, authorities had blocked 22,009 illegal betting websites, including 184 new websites added during the quarter. The increase reflected ongoing attempts to limit unlicensed digital betting activity and strengthen compliance across the sector.

Outlook

Strong growth in online betting activity alongside expanded regulatory enforcement continued shaping Cyprus’s betting market during 2025. The sector remained supported by rising digital participation, stable operator activity and continued oversight measures aimed at protecting market integrity.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.