Our country report on Bulgaria has been featured in the latest edition of G3 Magazine!
The Bulgarian gambling market, a significant player in Eastern Europe, offers lucrative opportunities for operators due to its liberal and comprehensive legislation. With regulated verticals including land-based and online options, Bulgaria’s gambling industry continues to grow, attracting both local and foreign operators.
The Bulgarian gambling market, a significant player in Eastern Europe, offers lucrative opportunities for operators due to its liberal and comprehensive legislation. With regulated verticals including land-based and online options, Bulgaria’s gambling industry continues to grow, attracting both local and foreign operators.
Key Insights
Licensing Framework
Bulgaria offers licenses across multiple gambling verticals:
Licenses are issued for 5-10 years without tender requirements. Operators must meet financial stability criteria and ensure sufficient assets and capital.
- Land-Based Casinos: Includes slot machines and roulette.
- Slot Machine Halls: Highly popular among operators.
- Online Gambling: Covers Bulgarian online casino operations, including betting and lottery games.
Licenses are issued for 5-10 years without tender requirements. Operators must meet financial stability criteria and ensure sufficient assets and capital.
Taxation and Fees
Taxes vary by vertical:
Players’ winnings are not subject to taxation, increasing player engagement.
- Land-Based Casinos: ~$443 per slot machine per quarter; ~$12,200 per roulette table.
- Online Gambling: 20% GGR monthly.
Players’ winnings are not subject to taxation, increasing player engagement.
Advertising Restrictions
Direct advertising of gambling promising large winnings or targeting minors is prohibited. Allowed advertisements focus on game conditions, results, and operator branding, adhering to strict ethical guidelines.
Market Dynamics
The gambling market Bulgaria has seen significant online growth, with a doubling of licenses from 2021 to 2022. Mobile gambling users are steadily increasing. Liberal legislation, combined with the country’s appeal as a tourist destination, makes the Bulgarian market highly attractive.
Learn more about Bulgaria’s gambling regulations and market potential in our full article here.
Learn more about Bulgaria’s gambling regulations and market potential in our full article here.
