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Cypriote Race Wagering

Horse racing is well established in Cyprus, and both ontrack and offtrack betting are available. Horse racing in Cyprus is organized by the Nicosia Race Club. The Club holds 10 races per meeting and is the exclusive operator of pari-mutuel betting.

In November 2007 the Cypriot government voted to implement a new betting tax system in a move to cut losses from illegal betting. This requires the country's horse racing authority and betting companies to pay a 10% tax on their gross profits. Gamblers no longer pay 25% on football bets and 10% on horse racing.

Cypriote Race Wagering Properties

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