Bulgaria Online Gambling Act Passes Final Reading

This story was published more than 5 years ago.

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.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.