The House on Thursday afternoon passed the National Betting Authority (NBA) and e-health authority budgets for the fiscal year 2025.
The NBA’s budget, approved by 36 MPs, projects total expenditures to reach €55,602,239 against projected revenues of €56,116,486. This results in a surplus of approximately €514,000.
Key revenue sources include €19 million from betting activity taxes and €23 million from taxes on specific gambling activities.
Additional revenue will be generated from a €3 million licensing fee, a €4.3 million OPAP Cyprus license fee, a €5.7 million betting activity levy, a €280,000 OPAP Cyprus supervision levy, €150,000 in administrative fines, and other budgeted revenues totaling €500,000.
Furthermore, expenditures for 2025 are diverse, covering salaries for officers at €91,786 and employees at €1,547,158, operational costs amounting to €1,877,785, and €50,290,000 allocated for income-related expenses.
The budget also includes €1 million for prevention measures under the Safe Play initiative, €695,510 for asset purchases, and €100,000 reserved for unforeseen expenditures.