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It would be an understatement to suggest that betting has a long history in Greece. Grecians had previously developed betting during the ancient Olympic Games, beginning during the Bronze Age, around 300 years before Cleisthene established the first type of democracy. Since then, gambling has become ingrained in Greek history and athletics.
Greece continues to develop its betting business in the modern day, some 3000 years after sports betting was first invented. Gross gaming revenue (GGR) for the last year totaled €1.9 billion (£1.67 billion), of which 39% came from online activity. The industry for internet gaming is anticipated to reach $1 billion by 2024.
Greek gamblers have experienced quite a ride in terms of gambling laws over the past several years. To cut a long tale short, if operators receive a license from the Hellenic Gaming Commission (HGC), then yes, internet gambling is permitted in Greece. The licensing application procedure went into effect in late 2020 with the goal of bringing order to a previously unruly market.
Best Betting Sites in Greece
Rank | Bookmakers | Singup Bonus | Bonus Offers | Claim |
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8 |  NEXTBET | 100% deposit bonus up to $100 | Similar like dafabet offers accept srilanka users | |
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Yet before all of this, the Greek government had long been firmly opposed to internet gambling. In the early 2000s, there was a temporary ban on all electronic gaming, which oddly even outlawed playing computer games like chess and backgammon in public! Online gambling became formally permitted in 2012, and a number of overseas bookmakers received temporary licenses as a result. But the drama didn’t end there; immediately after, the Greek government attempted to monopolize internet gambling through the state-owned business OPAP A.E.
Rank | Bookmakers | Singup Bonus | Features | Offer Link |
1 | 1XBET | 100% up to 100 USD |
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2 | BETWINNER | 100% up to 100€ |
| |
3 | MELBET | 100% up to 100$ |
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4 | 22BET | 100% up to 122€ |
| |
5 | LINEBET | 100% up to $100 |
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After several litigation, the EU declared this monopoly to be unlawful, which resulted in the current gaming legislation that are in place today.
Notwithstanding all of this, there are several significant drawbacks to Greece’s new regulations. These restrictions include a significant 35% tax on all gaming revenue, a €2 maximum stake limit on casino games that employ a RNG, and modest maximum winning ceilings. Except for poker, RNG games have a three-second spin restriction, which means that players must wait until the start of a new game cycle.
What are the legal requirements for sports betting apps in Greece?
In Greece, sports betting apps must be licensed by the government and meet strict regulations to ensure fair play and responsible gambling. It is important to choose a sports betting app that is licensed and regulated by the Greek government to ensure your safety and security.
What types of sports can I bet on with sports betting apps in Greece?
Most sports betting apps in Greece offer a wide range of sports to bet on, including football, basketball, hockey, tennis, and more. Some apps also offer betting on niche sports and events.
What payment methods are available with sports betting apps in Greece?
The most common payment methods available with sports betting apps in Greece include credit cards, debit cards, e-wallets, bank transfers, and prepaid cards. It is important to choose an app that offers payment methods that are convenient for you and that you trust.
What bonuses and promotions are available with sports betting apps in Greece?
Many sports betting apps in Greece offer welcome bonuses and ongoing promotions to attract new customers and keep existing ones happy. These can include free bets, cashback offers, and enhanced odds on certain events.