Cyprus's Class A and Class B betting turnover reached €329.8m ($368.5m) in the second quarter of 2026, up 11% year-on-year, according to figures presented by National Betting Authority Chair Panagiotis Trisokkas. He disclosed the figures on 12 October during the opening of the authority's ninth Safer Gaming Conference in Nicosia.
The €329.8m figure represents betting pay-in, or the amount staked. The authority separately reported operator gross gaming revenue of €46.9m for the quarter, a 24% increase.
Online betting, which falls under the Class B category, accounted for €252.3m in pay-in, up 13% from a year earlier. The online figure represents roughly three-quarters of combined Class A and B stakes.
The figures indicate that betting activity continued to grow across the regulated market, with online wagering contributing the majority of stakes.
Growth in GGR exceeded growth in pay-in during the quarter, although the conference figures did not provide enough detail to isolate the contribution from customer winnings, product mix or betting margins. They also did not include sector-wide EBITDA or net income.
Cyprus betting pay-in: Q2 2025 vs Q2 2026
Combined Class A and B stakes, not gross gaming revenue (€m). Sources: National Betting Authority Q2 2025 data and the chair's figures presented on 12 October 2026.
Trisokkas used the conference to link market growth with supervision and player-protection priorities. He said the authority's list of blocked illegal gambling websites had reached 22,660 by the end of the second quarter. The total was 22,415 at the end of the first quarter, implying 245 additions during the three-month period.
The chair also referred to the need to address illegal betting and gambling content distributed through digital advertising and influencers. A proposed regulatory bill remains under discussion, so the conference should not be read as an announcement that new rules have taken effect.
The National Betting Authority's published quarterly data series separates pay-in from GGR. Its second-quarter 2025 record shows approximately €298.1m in pay-in, consistent with the reported 11% annual increase. The authority has not yet added the new second-quarter 2026 dataset to that public series, making Trisokkas's conference figures the current source for the latest quarter.
The conference discussion echoes the authority's earlier research into young adults' exposure to gambling content on social media.
Class A covers licensed betting shops, while Class B covers licensed online betting
