The Greek Parliament’s Economic Affairs Committee has approved, by majority vote, the new concession agreement for State Lottery, awarding it to Hellenic Lotteries, a subsidiary of the OPAP group. The deal will now proceed to a full parliamentary vote for final ratification.
A central point of discussion was the €80m price tag offered by OPAP through a two-stage international tender process. Although multiple expressions of interest were initially received, only OPAP advanced to the second stage after meeting all requirements.
An independent valuation placed the fair value of the concession between €64.2m and €75.4m. The final bid was raised from €75m to €80m, exceeding the upper end of the valuation range. The Court of Audit confirmed that the process complied with legal requirements and upheld transparency and competition rules.
OPAP executives described the deal as the start of a new era for state lotteries, supporting around 3,000 agents, 1,300 lottery vendors and thousands of retail outlets across the country.
The agreement also includes provisions for socially driven draws, with proceeds directed towards emergency social needs and sports funding.
In March, Allwyn’s €16bn merger with Greek Lottery operator, OPAP, officially concluded.
During the Committee session, Deputy Minister of National Economy and Finance George Kotsiras said the government will soon bring forward new legislation aimed at tackling illegal gambling.
Meanwhile, the Greek Gaming Commission (EEEP) is tightening controls to combat bonus abuse, where users create multiple or fake accounts to repeatedly claim betting promotions.
OPAP has posted record gross gaming revenue (GGR) of €2.4bn ($2.78bn) in 2025, up 4.9% from €2.3bn the previous year.
