Politicians in Bulgaria have passed the country's Gambling Act in its final reading this week, setting the scene for online gambling taxation and regulation changes.
The changes will impact the country's lottery, keno, bingo, and casino games. Operators offering lottery games will pay a 15% tax on turnover, while all other game operators will pay a 20% tax rate on the net revenues, which are tabulated by subtracting profits from winnings.
It is expected that the new regulations will create 5 million levs a year in taxes for the country.
The bill's passage comes on the same day that the Bulgarian State Commission on Gambling blacklisted ten more gambling sites, adding sites from BetUS, Deckmedia, and Annexio. The country's blacklist now totals 323 online gaming sites, including many big names that are licensed in countries such as the UK, Malta, Gibraltar, and the Isle of Man.