What OPAP Cyprus does

Revenue is generated on a transaction-fee basis: the company collects stakes from individual Cypriot players across its games, distributes a portion as winnings, and retains the residual margin, while contributing tax revenue to the Cypriot state (€640,000+ from a single November 2025 Joker draw). The go-to-market is direct-to-consumer through retail outlets and the website, with a horizontal segmentation approach targeting the general Cypriot adult public. Beyond gaming operations, OPAP Cyprus runs a substantial CSR program exceeding €70M in cumulative community investment across sports, health, education, culture, and society pillars, with 250+ initiatives in 2025 and ongoing partnerships with Cyprus Red Cross, the Hellenic Olympic Committee, and the Limassol Marathon. The company employs 501-1000 people and has no native mobile app presence, no disclosed AI/ML capabilities, and no external funding rounds — operating as a regulated incumbent within a single-country, license-protected market.

Name

OPAP Cyprus

Legal name

OPAP Cyprus Ltd.

Website

https://opap.org.cy

Company type

Private

Founded year

1970

Operating status

Operating

Headcount range

501–1,000 employees

Short description

OPAP Cyprus is the Cypriot national lottery and gaming operator, a wholly-owned subsidiary of Allwyn, offering eight lottery and sports-prediction games through a domestic retail network and online platform to individual Cypriot players.

Ownership category

akta.pro rank

Product category

Lottery and Gaming

NAICS

Gambling Industries (7132)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Draw-Based Lottery Management (Number Games, Keno as Lottery) (MPAEAFAE)

akta.pro secondary industries

Lottery Operators (Government & Private Licensed) (MPAEAFAA), Digital Lottery & iLottery Platforms (Web/App) (MPAEAFAD)

Keywords

• Lottery games
• Sports betting
• Draw games
• Retail betting
• Gaming operator

Headquarters

HQ city

Strovolos

HQ country

Cyprus

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D, Supply Chain

Revenue model

1. Lottery and Gaming Operations: OPAP Cyprus generates revenue through lottery and gaming operations, selling tickets for various games including Joker, Lotto, KINO, and other lottery products. The company operates draw-based gaming and distributes winnings to players while retaining a portion as revenue.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

OPAP Cyprus sells draw-based lottery games (Joker, Lotto, KINO, Extra 5, Super 3, Proto) and sports prediction games (Propo, Propo Goal) to individual consumers in Cyprus. Products are distributed through a nationwide physical retail store network and supported by an informational online platform that publishes results, game information, and corporate updates. Revenue is generated from stakes collected on tickets and betting entries, with winnings distributed to players.

Product overview

OPAP Cyprus (now operating as Allwyn in Cyprus) is a lottery and gaming organization offering a portfolio of gaming products. The core offerings include draw-based lottery games such as ΤΖΟΚΕΡ (Joker), ΛΟΤΤΟ (Lotto), KINO, EXTRA 5, and SUPER 3, as well as sports prediction games including ΠΡΟΤΟ (Proto), ΠΡΟΠΟ (Propo), and ΠΡΟΠΟ GOAL. These products operate through a retail store network and provide regular draw results accessible to players. The company combines international gaming expertise with local market knowledge to deliver responsible gaming experiences.

Differentiator

Problem solved

Functional benefit

Brands

• Joker (ΤΖΟΚΕΡ): Lottery game with major jackpot prizes
• Lotto (ΛΟΤΤΟ)
• KINO
• EXTRA 5
• SUPER 3
• PROTO
• PROPO
• PROPO GOAL

Products and services

• Joker (ΤΖΟΚΕΡ) Popular numbers lottery game where players select numbers hoping to match drawn numbers to win prizes, including large jackpots. A flagship draw-based game offered to individual Cypriot consumers.
• Lotto (ΛΟΤΤΟ)
• KINO
• Extra 5
• Super 3
• Proto (ΠΡΟΤΟ)
• Propo (ΠΡΟΠΟ)
• Propo Goal (ΠΡΟΠΟ GOAL)

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Cyprus Red CrosscoreStrategic or Co-development PartnerOPAP Cyprus has an ongoing partnership with Cyprus Red Cross for health initiatives, including blood drives. The partnership has been active for 8 consecutive years, demonstrating long-term commitment to community health support.
• AllwyncoreStrategic or Co-development PartnerOPAP Cyprus is a member of Allwyn, an international lottery and gaming group. This affiliation provides OPAP Cyprus with global expertise, international best practices, and the combined strength of a multinational organization operating in multiple markets.
• Hellenic Olympic CommitteecoreStrategic or Co-development PartnerOPAP Cyprus supports the Hellenic Olympic Committee and Cypriot athletes on their path to the Paris Olympics, providing sponsorship for sports development and athlete support programs.
• Limassol MarathonminorStrategic or Co-development PartnerOPAP Cyprus sponsors the Limassol Marathon, supporting sports events and athletic activities in Cyprus as part of its sports CSR pillar.

Scale indicators7 records

Recent moves2 records

Expansion highlights5 records

Broad incumbents

• Lottomatica (International Game Technology): Italian licensed lottery operator with exclusive concession to manage Italy's Lotto and other draw-based games, plus sports betting. Comparable as a regulated European lottery and sports betting operator with similar product mix.
• Française des Jeux (FDJ): French national lottery operator with exclusive license and broad product portfolio including draw-based games, scratch cards, and sports betting. Comparable as a state-concessioned lottery monopoly with similar regulatory and operational profile, though at materially larger scale.

Direct peers

• OPAP S.A. Greek parent lottery and betting operator running the same OPAP product portfolio (Joker, Lotto, KINO, PROPO) in Greece. Most directly comparable peer given shared brand heritage, identical game formats, and overlapping organizational structure under Allwyn.
• Sazka Group: Czech-headquartered European lottery and gaming operator with licensed national lottery concessions across Central Europe. Comparable as a multi-country licensed lottery operator serving similar-sized national markets with similar draw-based game portfolios.
• Camelot (Allwyn UK): Operator of the UK National Lottery under license, now part of the Allwyn group (same parent as OPAP Cyprus). Comparable as a sister Allwyn subsidiary operating a licensed national lottery with draw-based games and adjacent products.

Others

• Scientific Games: Major B2B supplier of lottery technology, instant games, and draw systems to national lottery operators worldwide. Comparable as a key technology provider enabling draw-based lottery operations of the type run by OPAP Cyprus.
• Habanero Systems: B2B gaming content and platform provider serving regulated lottery and gaming operators globally. Comparable as a technology and product supplier to the lottery industry, illustrating the broader ecosystem in which OPAP Cyprus operates.

Regional players

• Veikkaus: Finnish state-owned gambling operator offering lottery, sports betting, and other games under exclusive Finnish license. Comparable as a national-concession lottery and gaming operator serving a small Northern European market of similar size to Cyprus.
• Loterías y Apuestas del Estado (LAE): Spanish state-owned national lottery operator managing Lotería Nacional, La Primitiva, Bonoloto, and sports betting products. Comparable as a regulated national lottery and sports betting monopoly operating in Southern Europe.
• Lotto NZ: New Zealand national lottery operator running Lotto, Strike, Powerball and other draw-based games under government license. Comparable as a regulated monopoly lottery operator in a small national market with similar draw-based product offerings.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/opapcyprus
• Facebookfacebook.com/OPAPCyprus
• LinkedInlinkedin.com/company/opapcyprus

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about OPAP Cyprus