GENERAL INFORMATION


Greece, located in southeastern Europe and known for its many islands scattered across the Aegean and Ionian seas, holds a historic reputation as the birthplace of Western civilization. In the present day, Greece plays an important role in Europe’s gambling sector. Its local market is broad and carefully regulated, providing a wide range of legal gambling options for its residents.


u


10,405,588 was the estimated population of Lithuania in 2023. .


u


US$243,500,000,000 was the Gross Domestic Product (GDP) by the end of 2023.


u


US$23,400 was the Gross Domestic Product per capita by the end of 2023.


u


US$1,519* per month was the average salary in 2024.


*Converted from EUR to USD, valid as of 05.05.2025: 1 EUR = 1,13 USD


CORRUPTION PERCEPTION INDEX


In 2024 Lithuania was ranked 32 in the Corruption Perceptions Index with its score at 63 and shared its place with Chile and Saint Vincent and Te Grenadines.


INTERNET CONNECTIVITY 86% of Greeks used the Internet in 2024. E-COMMERCE PAYMENTS


57% of Greeks used cards, 15% used e- wallets, 13% used bank transfers, 9% used cash and 6% used other methods. Te most popular means of payment were Visa & Mastercard, as well as Trustly.


SOCIAL MEDIA


Facebook stood at the rate of 90,79% of usage by the market share, followed by Instagram with 4,27% and Pinterest of 2,19% in 2024.


MARKET SIZE u


US$3,259,460,000 made up the Gross Gaming Revenue (GGR) in 2024.


REGULATED VERTICALS


Lithuanian gambling verticals are inter alia: u


Land-based casino;


u Land-based sports betting; u Slot machines; u Online gambling; u Lottery;


u B2B providers.


LICENCES IN EACH VERTICAL u


Land-based casino licence tender with a maximum of 10 licenses, whereas nine licences are already granted


u Land-based betting licence monopoly u Slot machines licence monopoly u Online casino license


u Online sports betting licence


u Land-based lottery licence monopoly u B2B licence


TAXES AND FEES PAID UNDER GAMBLING LAWS TAX


Land-based casino gambling tax


TAXABLE BASE GGR


TAX RATE 30% for casinos


located in Attica, Thessaloniki, Achaia, Crete, Corfu, and Rhodes


GGR


Online gambling tax Tax on winnings


GGR Winnings Winnings 24


20% for casinos located elsewhere


35%


2,5 – 7,5% per gaming ticket


15 – 20% per gaming session


GREECE market report


first contact for expansion 4H Agency


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