National Betting Authority Projects €72.92 Million Revenue for 2027, Below Earlier Forecast

Nicosia, Cyprus. The National Betting Authority (NBA) forecasts revenue of €72.92 million for 2027, supported by its deal with OPAP Cyprus (Allwyn) and ongoing expansion of the betting market. The figure is €2.35 million below what the authority had projected earlier this year.

Revenue outlook

The numbers appear in the authority’s 2027 budget, which has been sent to parliament. They show income growing by €1.07 million, or 1.5 per cent, from the €71.85 million anticipated for 2026.

The authority attributes the rise chiefly to the agreement with OPAP Cyprus and to expected further growth in betting activity, after increases in recent years.

The new estimate nevertheless lowers the €75.27 million that was projected for 2027 in the earlier budget figures submitted to parliament in January. The gap stands out, given that the betting sector continues to produce considerable revenue for operators and the state.

Expenditure and surplus

The proposed budget puts spending at €72.71 million, which is €1.18 million, or 1.65 per cent, more than in 2026. That would leave the authority with a fairly small surplus of €210,000.

Forecasts for 2028 and 2029

The picture is expected to improve over the next two years. Revenue is projected at €77.1 million in 2028 and €81.33 million in 2029, against planned spending of €76.66 million and €80.81 million respectively. The resulting surpluses would be €430,000 in 2028 and €520,000 in 2029.

Funds passed to the state

A large part of the money does not stay with the regulator. Of the expenditure planned for 2027, €67.39 million consists of taxes and fees that the authority collects for the state and then hands over to government coffers.