Cyprus’ betting market continued to strengthen in the fourth quarter of 2025, with total gross revenue from Class A and Class B operators rising by **22 per cent** year-on-year to **€395.5 million**, according to figures released by the National Betting Authority (NBA).
The figure compares with **€323.2m** in the corresponding period of 2024, confirming the continued expansion of the sector.
On an annual basis, total gross revenue for 2025 reached **€1.33 billion**, marking an **8 per cent** increase compared with **€1.22bn** in 2024.
According to the authority, online betting continued to account for the largest share of activity during the October–December period.
Class B operators generated **€301.5m** of total gross revenue, while Class A land-based premises accounted for **€94.1m**.
The NBA said gross revenue from Class A operators rose by **9 per cent** compared with the fourth quarter of 2024 and by **4 per cent** compared with the same period in 2023.
By contrast, Class B revenue recorded a stronger increase, rising by **27 per cent** year-on-year and by **28 per cent** compared with the fourth quarter of 2023.
Player payouts across both categories reached **€348.2m** in the quarter, representing a **25 per cent** annual increase.
Online players again received the largest share, collecting **€271.5m** during the period.For the full year, total player payouts amounted to **€1.17bn**, up **9 per cent** compared with 2024.
Overall betting earnings, the difference between pay-ins and pay-outs, amounted to **€47.4m** in the fourth quarter, a **4 per cent** increase compared with **€45.5m** in the same quarter of the previous year.
Class A earnings fell by **5 per cent** to **€17.4m**, while Class B earnings rose by **10 per cent** to **€30m**.
The number of licensed Class A premises nationwide increased marginally by **1 per cent** year-on-year to **467**.
Of these, **163** were located in Nicosia, **135** in Limassol, **84** in Larnaca, **49** in Paphos and **36** in Famagusta. Employment in licensed betting shops also rose by **6 per cent**, with staff numbers standing at **1,556**.
At the same time, the NBA said licence cancellations and withdrawals increased by **122 per cent** compared with the fourth quarter of 2024.
The number of operators remained unchanged, with **six Class A operators** and **13 Class B operators** active in the market.
Meanwhile, the authority continued efforts to clamp down on unlicensed activity.
By the end of December, the list of blocked illegal betting websites had grown to **22,009**, with **184 new additions** during the quarter, reflecting a **5 per cent** increase on an annual basis.