Greeks Betting Increases in ‘14

Greek bettors spent €5.9 billion on games of chance in 2014, up 9 percent from 2013, according to by the Greek gaming commission. It was the first time since 2009 that the Greek gaming industry saw a rebound.

The Greek gaming industry, pummeled by the recession and a still-troubled economy, is showing signs of life, according to recently released figures from the country’s gaming commission.

Kathimerini reports that Greek bettors spent €5.9 billion on games of chance in 2014, up 9 percent from the previous year. It was the first increase since the depths of the global recession in 2009. Gamblers also took more risks last year, with the average bet rising 7.5 percent.

Of the total bets, €3.8 billion went to gaming firm OPAP and €500 million to Hellenic Lotteries, for 72 percent of the market. Casinos accounted for 27 percent, or €1.6 billion, down from 1.7 billion in 2013; and 1 percent, or € 50 million went to horse racing, also down from 2013’s 65 million.