Greece has one of the longest and most interesting histories of all civilizations. Of course, gambling has been one facet of its past, present, and future.
Even the Greek gods are believed to have enjoyed the occasional betting game.
Some people claim that Zeus and Poseidon rolled dice to determine how they would split the universe.
In fact, the term “gambling gods” may be attributed to Hermes and Pan, who the Greeks would look to for gambling luck. The more things change, the more they stay the same.
These days, the betting scene in Greece is far different with their many world-class casinos and online sports betting but Greek gamblers continue to look to the gods for luck.
Gambling is in a state of drastic change in Greece. Casinos and other wagering establishments are fully licensed and regulated but they are under a state monopoly, OPAP.
This caused a stir and it was determined that this monopoly over gambling violated EU laws. Greece’s online gambling laws are being amended.
In 2011, the government issued gambling licenses to online gaming operators but promptly revoked all of them returning the monopoly to OPAP.
New Greek gambling laws are expected to be introduced soon and it is anticipated that online licenses will be issued again.
In the meantime, Greeks gambling laws prohibit residents from accessing online casinos although the authorities are not prosecuting players or operators that breach this law.
Top 10 Gambling Sites for Greece
What are the Best Greek Gambling sites and Promotions?
With the government’s reluctance to enforce the laws on internet casino betting, there are many excellent and well-respected online casinos that accept bets from Greek players. Many of these sites also offer some nice bonuses and incentives to Greeks. Betsson is a top-ranked online gaming company and they are welcoming Greeks with a €25 casino bonus.
Unibet is globally respected and they will give you €100 while 888 has €140 waiting for you. BetVictor is giving away up to €200 and Paddy Power has up to €300 in casino bonus ready for you to play with. You might be interested in the $1,500 in bonuses that Skybook has available. For the bigger players, Play Grand Casino has up to $10,000 waiting for you.
Poker is also quite popular among Greeks and there are a lot of poker bonuses available at some of the best poker sites. Party and Bet1128 open the bidding with €500 in poker bonuses. BetOnline and Intertops all raise the pot with $1,000 in extras. NetBet, Winner, and TitanBet re-raise with €1,500 while Red Kings and Red Bet go all in with their €2,500 bonus offer. That’s some pretty wild action!!
Check Gamblingjudge.com’s promotions section to find more great bonuses. Don’t forget to have a look at the reviews while you are there.
How Regulated is the Greek Gambling Market?
The Greek gambling market is currently a government-run OPAP monopoly but sweeping changes are imminent in light of the EU’s declaration that this monopoly is illegal under EU rules. It is technically illegal for punters to place bets at foreign online betting establishments but the Greek gambling laws that are soon to be implemented are expected to allow foreign operators to obtain licenses.
As of now, the authorities will not prosecute players or foreign sites that take bets from Greek residents.
Is Gambling Legal in Greece? What is the Legal Age?
Gambling is legal in Greece and there are many land-based wagering establishments that are licensed and regulated here. However, the gambling industry is currently an OPAP monopoly and will remain that way until the new regulations are put in place. Greece has a higher gambling age than most countries. Players must be at least 23-years-old to place bets.
Does Greece Tax Gambling Winnings?
Possibly in response to the economic crisis here, the government introduced a tax on gambling winnings in 2013. Any winnings between €100 and €500 were taxed at a rate of 15% and a 20% tax was applied to anything over €500. New tax laws that were introduced in 2016 increased the tax on winnings to a staggering 30%. Operators are required to withhold these taxes from the winnings and forward them to the tax man.
What Currencies and Payment Methods do Greek Players Generally Use?
As a member of the EU, the official Greek currency is the Euro. It is accepted at all land-based betting establishments and is also a common currency option at online sites. When depositing or withdrawing at online gambling sites, major credit cards are the most common payment methods.
Prepaid options like PaySafe and EntroPay as well as eWallets such as Neteller, Skrill, and WebMoney are also widely accepted. Most internet casinos also accept bank and wire transfers.