Montenegro is located in Southeast Europe on the Adriatic Sea. It is a relatively young country having gained independence from Yugoslavia in 2006 and its economy is mainly driven by the service sector. Approximately 1.5 million tourists visit this scenic country on an annual basis which generates hundreds of millions of Euros in revenue. Another source of revenue is gambling. Montenegro legalized gambling in 2006 and then legalized online gaming in 2011. The Game of Chance Administration is in charge of issuing licenses and enforcing regulations with both land-based and internet gaming operations. There have been proposals to change the current tax laws that could jeopardize the Montenegrin gambling industry. Tax increases could very well drive away players and force operators to exit the market here. It is already estimated that half of Montenegrin online gamblers use offshore agencies that aren’t licensed or regulated in Montenegro.
Montenegro is home to several brick and mortar casinos as well as online operations. Obtaining a gambling permit here is easy compared to many other jurisdictions but the process is still fairly thorough. One problem that has cropped up is that many payment processors and banks have stopped doing business with Montenegrin license holders. This issue needs to be resolved if the Montenegrin online gambling industry is to flourish.
Top 10 Gambling Sites for Montenegro
What are the Best Gambling Sites and Promotions for Montenegro?
The best brands in online gaming serve Montenegrin online gambling fans. If you are looking for an online casino that offers great bonuses then you have a lot of options. It’s easy to cash in on the $50 casino bonuses being offered by 5 Dimes. Montenegrin online casino players are taking advantage of the $100 in casino bonuses that are available at Slots Magic and LSBet while the €100 casino bonuses at RedBet, and BetMotion are also getting a lot of attention. Montenegrin online casino players are just a few mouse clicks away from getting €200 in casino bonuses at Casino Cruise, Real Deal and WinMasters. You are definitely a winner when RedKings and Casino Las Vegas give you €1,000 in casino bonuses and you will absolutely love the $10,000 casino bonus package that Play Grand Casino is offering.
If you are a Montenegrin online poker player, there are plenty of top-rated sites and awesome bonuses for you as well. Unibet has €200 waiting for you. Montenegrin online poker players love 888’s $400 poker bonus while the €500 that TonyBet is adding to your chip stack will make anybody smile. If you want to get some really big bonuses then check out Expekt and Winner. They are all adding €1,500 in poker bonuses to your account.
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How Regulated is the Montenegrin Gambling Market?
The Montenegrin gambling market is fully regulated by the Game of Chance Administration. Montenegrin gambling laws are quite liberal and most forms of betting are available both online and at land-based establishments.
Is Gambling Legal in Montenegro? What is the Legal Gambling Age?
Gambling in Montenegro has been fully legal since 2006 and online gambling has been licensed and regulated since 2011. There are several land-based betting establishments as well as online operations based here. In accordance with Montenegrin gambling laws, the legal betting age is 18.
Does Montenegro Tax Gambling Winnings?
Montenegro imposes a 15% tax on winnings that is withheld at the source. This is one of the reasons why so many Montenegrin online gamers choose to use offshore sites. There has been an effort to change the tax on winnings as well as other taxes that put Montenegrin online gambling businesses at a disadvantage.
What Currencies and Payment Methods do Montenegrin Players Generally Use?
The official currency of Montenegro is the Euro and it is accepted throughout the country. Those who are looking to make a deposit or withdrawal have several options at their disposal. The most commonly used and accepted method of payment is by major credit card. EWallets such as Skrill, Neteller, and EntroPay are widely used as are prepaid options such as Mint. Bank wires are commonly used around the world but there have been issues with banks not processing transactions from Montenegrin gambling sites.