Growth of Online Betting and Decline of Physical Betting Shops in Cyprus
February 6, 2025
In recent years, online betting has seen significant growth in Cyprus, driven by technological advancements. In contrast, the number of land-based betting shops is decreasing, with 475 currently registered. Larnaca is the only city to see an increase in the number of betting shops. Overall, betting revenues have increased by 13% compared to 2023.