Serbia is a landlocked European nation with a population of just over 7 million people. It has been an independent republic since it broke away from Montenegro in 2006. The country is considered an upper-middle income economy which is dominated by the service sector, industry, and agriculture. While it is not seen as a major tourist destination, Serbia hosted over 1 million foreign visitors who contributed over 1 billion dollars in 2015.
Gambling in Serbia has evolved greatly since the first casinos were opened in the 1960s. There are now several land-based casinos, sports betting outlets, a national lottery, and other types of gaming establishments such as bingo and slot halls. Serbian gambling laws were last updated in 2011 with the introduction of the New Games of Chance Act. This legislation put an end to a government monopoly on internet betting which means that international betting companies can obtain Serbian gambling licenses provided they have a physical base and servers within Serbia. The new laws also enabled authorities to blacklist and block unlicensed foreign sites as well as directing financial institutions to block transactions between those illegal foreign sites and residents.
It is important to note that players will not be prosecuted for wagering at unlicensed sites. While the Serbian gambling industry still faces problems such as underground operations and corruption, it is making great strides towards meeting the standards of other respected gambling jurisdictions.
Top 10 Gambling Sites for Serbia
What are the Best Gambling Sites and Promotions for Serbia?
As mentioned, the Serbian authorities have the power to blacklist and block unlicensed sites and this has resulted in a number of such sites being blocked. Nonetheless, there is still an enormous selection of highly-rated online gambling sites for Serbian online gamblers to choose from. Many of these top brands also offer Serbians some great bonuses and promotions. Bet at Home, Betsson and Betdaq are all giving away smaller amounts in casino bonuses to new customers. Serbian online casino fans can also get their hands on €100 in betting bonuses at Casino Luck and BetClic as well as at LsBet, Guts, BetMotion, and Bling City Casino. Many Serbian online casino players have cashed in on the €200 welcome bonuses that are available at Carnival Casino, Casino Sieger, WinMasters, and African Palace.
There are lots of casino betting bonuses waiting for Serbian online gamblers. Simply go to the promotions section at Gamblingjudge.com to get yours today. These bonuses are easy to claim and they are loads of fun to use.
How Regulated is the Serbian Gambling Market?
The Serbian gambling market is fully regulated. The Games of Chance Administration oversees the Serbian gambling industry under the Ministry of Finance and Economy. They are tasked with issuing licenses and enforcing Serbian gambling laws. Despite the strict regulatory environment, illegal betting is still a major concern as underground operations continue to flourish. In 2011, over 500 police officers simultaneously raided over 300 illegal operations which resulted in the arrests of several operators and corrupt inspectors.
Is Gambling Legal in Serbia? What is the Legal Gambling Age?
Gambling in Serbia is legal, licensed, and regulated. There are several brick and mortar casinos, sports betting shops, and a variety of other betting establishments such as bingo and slot halls. Online betting in Serbia is also legal, licensed, and regulated. Both land-based and online betting establishments are required to obtain a Serbian gambling license which is issued by the Games of Chance Administration. The legal gambling age here is 18.
Does Serbia Tax Gambling Winnings?
Gambling winnings are not taxed in Serbia but operators are subject to paying taxes. Serbia’s tax laws make it an attractive destination for online gambling companies to set up shop here. Operators are taxed at a rate of 5% on their gross gaming yield.
What Currency and Payment Methods do Serbian Players Generally Use?
The official currency of Serbia is the dinar and it is accepted all across the country. Those who are looking to deposit or withdraw from a Serbian online gaming site have many easy options to choose from. Major credit cards and eWallets such as Skrill and Neteller are most commonly used. EntroPay and Mint are prepaid methods that are also widely accepted as are bank transfers. Be warned that if you are trying to perform a financial transaction with an unlicensed foreign site that credit card and bank transfers may be blocked. This means that eWallets and prepaid cards are the best options for these kinds of transactions.