Greece took 73% more tax from online winnings as demand fell below last year
Greece's higher tax on online casino winnings is bringing in far more money, while demand for the brands collecting it shrinks.
Under a law passed in June, from July 1, 2026, Greece taxes online casino winnings between €100 and €500 at 20% instead of 15%, and anything above €500 at 30% instead of 20%. In July and August, tax withheld from player payouts rose 73% on the same months of 2025, while online GGR slipped 1.4%, according to Hellenic Gaming Commission data.
The dip follows 18.7% growth in the first half of 2026. Demand turned harder: over the same two months, Blask Index for Greece was 4.5% below a year earlier, and by the end of the third quarter the gap had reached 10%.
Licensed brands, a group that includes all ten of the largest in the market, lost 11.5% of their demand over the quarter, year on year. Offshore brands grew theirs 18% and now hold 4.8% of Blask Index and 15.2% of CEB, Blask's projected revenue.
CEB for the whole market ended the third quarter 1.7% above a year earlier. So far Greece is taxing a market whose money holds while its search shrinks, and the only segment adding demand sits outside the higher rates.
