Discover the Excitement of Online Casinos in Greece

Discover the Exciting Future of Online Gambling in Greece!

As the Greek gambling commission works towards aligning their laws with those of other European countries, the online gambling market in Greece is set to become more appealing than ever. With the recent law allowing foreign operators to apply for licenses, there will be a significant increase in the number of online casinos and sports betting sites available to players in Greece.

This means better revenue for the country and a plethora of options for players, including enticing bonuses and an extensive selection of games. Currently, Greek online casinos can only display their bonuses to registered users. However, as laws continue to relax, we predict that this restriction will also become a thing of the past, giving players more freedom to choose from a variety of casino bonuses.

In addition to the predicted growth in online gambling in Greece, there may also be an increase in land-based casinos and resorts. This ties into promotions offered by some top-rated online casinos, which promise loyal players vacation packages and tours at their physical locations.

The Legality and Regulation of Greek Online Casinos

All forms of gambling are completely legal and regulated under the 2011 Gambling Act in Greece. Specifically listed under Law 4002/2011 are all provisions and terms for operating a casino within the country. As mentioned earlier, this law is enforced by the Hellenic Gambling Commission, which also grants licenses to online casinos seeking to operate within Greece.

While some foreign online casinos may not have a license from the Hellenic Gambling Commission, it is important to look for licenses from other reputable authorities such as the Malta Gaming Authority or Curacao eGaming Authority. However, it should be noted that playing with these foreign operators without an HGC license means any violations or exploitation will not be addressed by the Hellenic Gambling Commission.

In order to gamble at a land-based or online casino in Greece, players must be at least 21 years of age. Anything younger is considered a violation of gambling laws and could result in fines, bans, or other consequences as dictated by the law.

What are the Deposit and Withdrawal Limits at Greek Online Casinos?

According to the Hellenic Gambling Commission, the maximum bet allowed at a Greek online casino is €20. This limit was recently increased from €2. For jackpot games, there has also been an increase from €70,000 to €140,000. Withdrawals at Greek online casinos are limited to €10,000 for non-jackpot games winnings.

There are various payment options available for making deposits and withdrawals at Greek online casinos, including cash at OPAP stores and e-wallets.

Greek Online Casino Licenses

The Hellenic Gambling Commission has exclusive rights to issue and revoke licenses for online gambling platforms in Greece. Any online casino licensed by this commission is protected and regulated under Greek laws according to the 2011 Gambling Act. This also means that players are protected when playing on licensed casinos since they are safeguarded against exploitation and violations while engaging in gambling activities.

If you wish to obtain a license from the Hellenic Gambling Commission, you must pay a fee of €3 million. This license is valid for a period of five years and has a minimum tax rate of €1 million.

What Are the Regulations for Responsible Gambling in Greek Online Casinos?

The gambling act strictly requires that only players aged 21 and above are accepted at online casinos in Greece. This is enforced by requiring players to present identification at land-based or online casinos to verify their age and tax registration number, among other criteria. Additionally, Greek online casinos must provide tools for players to limit their gambling activities, including time limits, bet limits, and self-exclusion options if necessary. The casino must also assist players in adhering to these restrictions at all times. To further promote responsible gambling, Greek online casinos are required to provide helplines and services on their websites to help combat gambling addictions.

What Are the Helplines Available for Individuals with Gambling Addiction in Greece?

All Greek online casinos provide a helpline that connects players with associations dedicated to helping them overcome gambling addiction. These associations include Gamblers Anonymous and Kathea, a recognized organization in Greece that offers prevention, therapy, and support services for individuals struggling with gambling problems.

Taxation on Winnings at Greek Online Casinos

If you are a high-stakes player at online casinos in Greece, you may have concerns about the taxes declared by these establishments. All players are required to declare their winnings and pay a 15% tax on them.

For instance, if your winnings fall between €100 – €500, you must pay a 15% tax on them. However, anything over €500.01 is taxed at 20%. Players who win less than €100 are not subject to any taxes.

Note that these winnings must be declared within 30 days, or you may face penalties. For casino operators, a tax rate of 35% is imposed on all revenue generated from bets.

Bonuses at Greek Online Casinos

While online gambling platforms in Greece are not allowed to advertise bonuses to unregistered users, it is important to know what bonuses are available. Fortunately, Greek online casinos offer some of the most attractive bonus features in the gambling market, including bonus funds and free spins. These bonuses are divided into different categories, as explained below.

Welcome Bonuses

These are the most significant bonuses offered by Greek online casinos and are used to entice players to register with a particular establishment. Welcome bonuses usually come in the form of bonus funds given after making an initial deposit. For example, a casino may offer up to 100 – 150% deposit match on your first payment up to €1000. In some cases, you may need to meet a minimum deposit requirement and enter a bonus code to claim this offer.

Aside from the bonus funds, most casinos offer free spins as part of their deposit bonus, with some offering up to 150 free spins. However, it’s important to carefully review the terms and conditions associated with these bonuses. These typically include wagering requirements, validity periods, and eligible games.

In certain cases, a Greek online casino may offer a no-deposit bonus, allowing players to win real money without making a wager. While these bonuses may have lower prize amounts compared to deposit bonuses, they also come with fewer restrictions.

Special Promotions

Gambling online becomes even more exciting when casinos offer special promotions such as cashback rewards and jackpot bonuses on specific days. Many Greek online casinos have dedicated promotion pages where players can participate in ongoing offers that apply to certain categories of games on specific days. For example, a “Blackjack Monday” promotion may offer bonus funds for playing blackjack on Mondays.

Cashback rewards are another common promotion at Greek online casinos where players can receive a percentage of their losses back on certain game categories. There are many other types of promotions available at these casinos.

VIP and Loyalty Programs

To keep customers coming back for more, many online gambling platforms have loyalty programs where players earn points based on their bets and number of games played. As points accumulate, players can unlock different levels that come with extra gaming perks not available to the average player. These perks may include birthday rewards, higher withdrawal limits, better game bonuses, and more. VIP and loyalty programs are common at Greek online casinos.

Understanding Wagering Requirements for Bonuses at Greek Online Casinos

When claiming bonuses at online casinos in Greece, it’s crucial to pay attention to the wagering requirements. These are the number of times a bonus must be wagered before it can be withdrawn. For example, if a bonus fund of €20 has a 25x wagering requirement, players must wager €500 on selected games before being able to withdraw the bonus.

Before signing up with a casino based on its enticing bonuses, players should ensure that the wagering requirements are fair and achievable. It’s also essential to check the validity period required to meet these requirements.

Payment Options Available at Online Casinos in Greece

Greek players have an array of payment options available for deposits and withdrawals. Each method has its own payment limits and processing times and may not be available at all casinos. However, some common payment methods in Greece include:

Prepaid, Credit, and Debit Cards

The most commonly accepted form of payment at Greek online casinos is through prepaid cards or credit/debit cards such as VISA, Mastercard, American Express, Maestro, and others. Prepaid cards like Paysafecard are also accepted for instant deposits but may take up to seven days for withdrawals depending on the amount and card issuer.

Cash Deposits at OPAP Stores

Some Greek online casinos offer cash deposits as a payment option; however, how this works varies from casino to casino. Players can also make deposits or withdrawals through OPAP stores located throughout their area.

E-Wallets

E-wallets are a popular payment method in Greece, with platforms such as Neteller, PayPal, and Skrill making it easy to deposit and withdraw funds. This option does not require a bank account or statement, and withdrawals are usually processed within a day.

Revolut and eBanking

Players can also make online transfers from their bank account to an online casino that accepts this payment method. Some casinos may also offer the use of Revolut, which serves a similar function. However, processing times for deposits and withdrawals may take longer using this method.

Digital Wallets and Payment Systems

Greek online casinos also accept payments through platforms like VivaWallet, IRIS, Rapid Transfer, TWIGA, and SmartPay. These options work similarly to e-wallets by allowing players to deposit and withdraw funds without disclosing their banking information. Deposits using these payment systems are usually instant, while withdrawals may take up to a day or more.

How to Register at Greek Online Casinos

With the plethora of features and benefits offered by Greek online casinos, it’s no wonder players are eager to join in on the action. Luckily, the registration process is quick and simple, taking only a few seconds to complete. However, before gaining access to games and other features, players must provide a valid license confirming they are 21 years or older. If the casino has a mobile app available, players can choose to download it for a more seamless gaming experience. Alternatively, they can easily access their preferred casino site through their desktop or mobile web browser. Once on the website, simply follow the steps outlined below.

Estimated Time Needed: 00:05

Necessary Tools: An Account

Required Supplies: Time and Money

Step 1

Go to the Sign-Up Page

Upon logging into your chosen Greek online casino, you should see a sign-up button at the top of the homepage. Click on this button to open up the registration form where you will need to verify your identity by providing personal details.

Step 2

Fill in the Required Information

On the registration page, you will need to enter important details such as your name, surname, address, date of birth, tax registration number, and other relevant information. Depending on the casino’s policies, you may also be required to upload a form of identification for verification purposes.

Step 3

Create Your Account

If the casino requires a bonus code to claim your welcome bonus, make sure to enter it in the designated box. Then agree to the terms and conditions set by the casino and proceed to create your account. You should receive a verification email or code to confirm your account.

Step 4

Head to the Cashier Page and Make a Deposit

Once your online gambling account is confirmed, you may be eager to start playing games. However, if playing with real money is your goal, it’s important to first go to the cashier page and make a deposit. This will allow you to place wagers on games and potentially start winning.

Discover How We Evaluate and Rank the Top Greek Online Casinos

1

Valid Licenses

Prioritizing your safety, we thoroughly check the licenses of all listed online casinos. For Greek casinos, we ensure they are licensed by the Hellenic Gambling Commission. Foreign casinos must hold a reputable license from authorities like MGA and Curacao eGaming.

2

Secure Gaming Environment

In addition to valid licenses, our recommended casinos have top-notch security measures in place to protect your personal and financial data from any potential threats.

3

Gaming Variety Galore

The selection of games at these top-rated online casinos is endless, offering you endless opportunities to win big. From classic slots to live dealer games like roulette, blackjack, baccarat, video poker, and more, you’ll never run out of options. And don’t forget about the added excitement of lottery games, keno, craps, and bingo.

4

Unbeatable Bonuses

Our featured Greek online casinos offer some of the most generous bonuses on the market. From lucrative welcome offers to exclusive promotions, you’ll be treated to a range of tempting packages. And rest assured that all terms and conditions are fair and free from any exploitation.

Meet Brian Smithson

With over six years of experience in the writing industry, Brian has dedicated his career to covering online casinos and gambling. He has worked with top names such as GiG Media, Casumo, and Betsson, producing informative guides and articles. His expertise also extends to content planning, creation, on-site SEO, and project management for various affiliate companies.