The cradle of Western civilisation, Greece boasts fantastic weather, crystal-clear waters, pristine beaches and ambrosial food. It’s one of the best travel destinations you can pick, so it’s our job to ensure you’re up to scratch with the Greek gambling laws and best Greece betting sites. Stay with us and we’ll take you through everything you need to know!
Table of Contents
- Best Betting Sites We Recommend for Betting in Greece
- Top 9 Greece Betting Sites – Ranked
- Is Online Betting Legal in Greece?
- Good to Know
- Choosing a Good Betting Site in Greece
- Best Payment Methods for Players in Greece
- Is Sports Betting Popular in Greece?
- Best Greece Betting Sites FAQs
- ThePuntersPage Final Say
Top 9 Greece Betting Sites – Ranked
Is Online Betting Legal in Greece?
When it comes to gambling laws, Greek punters have been on quite the roller coaster ride over the last few years. To put a long story short, yes, online gambling is legal in Greece if operators have obtained a license from the Hellenic Gaming Commission (HGC). The application process for these licenses came into force in late 2020, to regulate a previously chaotic market.
For a long time, the Greek authorities heavily opposed online gambling. For a time in the early 2000s, a blanket ban on all electronic gaming was in place, which bizarrely even prohibited people playing computer games like chess and backgammon in public! In 2012, online gambling was made officially legal and interim licenses were issued out to a group of international bookies. The drama didn’t stop there however, as the Greek government tried to make online gambling a monopoly of state-owned company OPAP A.E. shortly after.
Many lawsuits later, the EU deemed this monopoly to be illegal, leading to the new gambling regulations that have been put in place today.
There are some notable downsides accompanying Greece’s new rules. These include a considerable 35% tax on all gaming revenue, a €2 maximum stake limit on RNG games, and low maximum winning caps . RNG games must also abide to a three-second spin limit, meaning players must wait until they start a new game cycle, except in the case of poker.
Despite these restrictions, big names such as bet365, bwin, and Novibet are all currently plying their trade in Greece. You will notice that most Greek bookies don’t offer welcome bonuses or generous betting promotions, though.
Good to Know
- You need to be at least 21 years old to gamble in Greece.
- Maximum winnings for sports bets cannot exceed €500,000.
- All casino games must have a €70,000 prize limit
- Customers’ winnings between €100 to €500 are taxed at 15% and those above at 20%.
- The Euro (€) is accepted by all bookmakers operating in Greece.
Choosing a Good Betting Site in Greece
First things first, when it comes to choosing the best Greece betting sites, we cannot emphasise enough the importance of safety. Betting sites that are licensed by the Hellenic Gaming Commission (HGC) will give you an added layer of protection in case something goes wrong. One good way to tell if a site is licensed by the HGC is to look out for a .gr domain in their URL, since this comes together with the license.
If you intend to play with a site that isn’t licensed, find out where this operator is licensed and whether they have a reputation for security and trustworthiness.
On another note, it’s always good to look at what promotions a betting site is offering. As mentioned earlier, due to the hefty tax rates on Greece betting sites, welcome bonuses are few and far between. Regardless, you’ll still be able to find some promotions being offered, and these are always good to take advantage of to boost your chances of making money.
The design and usability of a betting site is also extremely important to making the right choice. A good betting site doesn’t only look good, but also makes it easy for players to navigate from one page to another. On top of this, playing on the go has become the norm for the average punter, so a reliable mobile app is always a massive plus.
Finally, assess the number of payment methods offered, as well as which ones. The more options you have, the easier it will be to channel funds to and from your betting account.
Best Payment Methods for Players in Greece
Greek betting sites usually offer a variety of payment methods to make life easy for punters. The most common options provided include all major bank cards (Visa, Mastercard), e-wallets (Skrill, NETELLER, PayPal), paysafecard and bank transfers. Viva Wallet, the first e-wallet to be launched in Greece, is also very popular amongst Greek betting sites and allows players to make transactions in a fast and secure manner.
Keep in mind that most Greece betting sites will ask you to withdraw using the same method you deposited with.
Is Sports Betting Popular in Greece?
Given that the Olympics were born in Greece, it’s no surprise that playing and watching sports is a hugely popular pastime in this country. Sports betting is the second most popular form of gambling in Greece (after the Lottery), with football, basketball and tennis favoured amongst punters.
The Football Super League is a huge source of pride for the Greeks, with clubs like Olympiakos, Panathinaikos and AEK Athens – clubs who regularly take part in the Champions League and Europa League – all taking part.
The Greek basketball league also attracts a large audience and was widely considered to be the best men’s national domestic basketball league in Europe during the 1990s.
Greek tennis player Stefanos Tsitsipas is making waves in the tennis world at the time of writing, becoming the highest ranked Greek player of all time at just 20 years of age. Of course, this has only increased the love this country has for the sport.
Best Greece Betting Sites FAQs
👩⚖️ Is online gambling legal in Greece?
Online gambling is legal in Greece, and betting sites can operate so long as they have acquired a licence from the Hellenic Gaming Commission (HGC).
🏆 Which are the best Greece betting sites?
🔞 How old do you have to be to bet online in Greece?
You must be at least 21 years old to gamble in Greece.
💰 Are winnings taxed in Greece?
Unfortunately, winnings between €100 and €500 are taxed at a rate of 15% and those above at 20%.
💳 Which payment methods are popular on Greece betting sites?
Major bank cards like VISA and mastercard, e-wallets like Skrill, NETELLER, PayPal and Viva as well as bank transfers and paysafecard are offered by most Greek online bookmakers.
ThePuntersPage Final Say
After many years of controversy and legal drama, the rules surrounding gambling laws in Greece look to be finally settling down. While the taxes are high for both operators and players, it’s positive to see many renowned international bookmakers being able to set up shop in Greece, providing players with a greater degree of variety, reliability and quality.