Bulgaria Gambling Sites, Taxes and Law
Since gambling was made legal in Bulgaria in 1993, the industry has grown steadily.
Bulgarian gambling laws have evolved with the times in the country now boasts one of the most highly regulated wagering environments in the world.
Between 2008, when online betting was legalized, and 2013, gambling companies were reluctant to set up shop in Bulgaria due to very inhibitive tax laws.
Since 2013, the tax laws have been changed in an attempt to stimulate the industry. It has worked and in recent years many international gambling companies have set up shop here.
Now these companies are required to only pay a one-time licensing fee of about €50,000 and as well as 20% of their gross profits.
The Bulgaria State Gambling Commission saw an immediate impact as gambling revenues instantly grew.
Best Gambling Sites for Bulgaria in 26 April 2024 – Updated List
What are the Best Bulgarian Gambling Sites and Promotions?
With the change in tax laws and the sudden boom of the internet betting industry, Bulgarian gamers have seen their online gambling options grow. Betsson, SBObet, and Pinnacle are among the industry leaders that operate here. If you are looking for the best casino bonuses then there are plenty available for the taking. 5Dimes is offering Bulgarian players a $50 casino bonus. Skybook has very generous $1,500 bonuses waiting to be claimed.
There are no shortage of options for online casino players to choose from. Be sure to refer to Gambling Judge’s online casino database to find the best internet casinos with the most valuable and up to date bonuses.
How Regulated is the Bulgarian Gambling Market?
The Bulgarian betting market is one of the most highly regulated markets on Earth. They have little patience for operators that are not in compliance with regulations. Their blacklist contains over 350 sites. Industry giants such as Betfair and PokerStars have found themselves embroiled in legal battles with the Bulgarian State Gambling Commission over licensing issues.
The process for obtaining a gambling license in Bulgaria is quite strict. Legal betting sites may be relatively new here but Bulgarian gambling laws and policies have been very quick to adapt. This results in a very safe, fair, and modern internet wagering experience for Bulgarian punters.
Is Gambling Legal in Bulgaria? What is the Legal Gambling Age?
As long as a player is at least 18-years-old, betting is safe in Bulgaria. There are many land-based casinos that are open 24 hours per day. Customers can enjoy slots, table games, poker, and a host of other betting options.
There are also many Bulgarian licensed and regulated online wagering establishments to choose from. As long as the online operator holds a valid Bulgarian gambling license, they are free to accept bets from residents. All unlicensed operators that take bets from residents are blacklisted and their websites blocked by internet providers.
Does Bulgaria Tax Gambling Winnings?
Bulgaria does not tax a player’s gambling winnings. They do take in a lot of tax revenue from the operators. Land-based and online casinos that hold a Bulgarian gambling license must pay 20% of their take. The state also collects revenues from a one-time licensing fee.
Foreign players who win are subject to the tax laws in their own countries upon returning home.
What Currencies and Payment Methods do Bulgarian Players Generally Use?
The official currency in Bulgaria is the Lev. Most online gambling sites that offer services to Bulgarian customers accept the Lev. The vast majority also accept the Euro and the American Dollar. The most common payment methods are major credit cards like Visa and Mastercard.
Prepaid cards are also widely accepted as are eWallets such as Skrill, Neteller, WebMoney, Ewire, toditoCash, and Nordea. There are several options for bank transfers including Instadebit, ePay, TrustPay and SoFort. Bulgarian customers have a huge range of options to perform financial transactions with online gaming sites.
Be sure to check with your favorite online casinos and bookmakers in Bulgaria to see if they offer your preferred method. These methods have different fees, processing times, and limits so be sure that you know what they are.
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