Bulgaria

Law on Sports Betting in Bulgaria

sports betting in bulgaria

The law on gambling and sports betting in Bulgaria has changed several times in recent years. Regarding the current situation, it can be said that sports betting is legalized in the country. Even in the Bulgarian state operate with a license and two giants in the field like Bet365 and Bwin, who in other countries may be accessible but do not have a license. The local government has blocked more than 300 online sites that operate without a license, but their list is too large and local authorities can not block them all. Taking into account all the factors, it can be said that in Bulgaria the legislation on gambling is more liberal, compared to other EU countries.

What are the options for players?

Bulgarians are passionate about a variety of sports. Among the most popular among them, which are also offered by operators operating in the country are:

  • football
  • Volleyball
  • Tennis
  • Winter sports
  • Boxing
  • Athletics etc.

In Bulgarian territory, players can choose between local and foreign operators. The advantages of local operators are the language and the ease of depositing in local currency leva. While foreign sites are usually the ones that have the best bonuses and wider opportunities for fun. Moreover, in addition to offshore operators operating without a license, there are also quite prestigious licensed names in the country, such as bet365. Another advantage of Bulgarian players is the fact that they do not pay taxes on their winnings. This is true of all gambling, but it has not always been so. Previously, players paid up to 15% tax on their winnings but thankfully this obligation was revoked.

What is the minimum age to play sports betting në Bulgarian?

The minimum age to play games of chance is 18 years old. This applies to all gambling in Bulgaria. Most offshore operators operating in the country also have the same age limit.

What are the best sports betting apps and sites in Bulgaria?

If you are in the Bulgarian territories, you have enough opportunities and online platforms to try your luck. Among them, the companies rated by the players are the following:

But, you should keep in mind that most of these operators do not offer the opportunity to deposit in local currency.

What are the best online casinos?

Online casinos are also accessible in Bulgaria. Most operators offer very good welcome bonuses and rewards. Players can play poker, roulette, baccarat, or other games on one of the following sites:

Terms for operators

Only a licensed company can offer gambling in the Bulgarian state (offshore companies make an exception to this rule). The authority responsible for distributing these licenses in the country is the National Revenue Agency. Regardless of the type of application, there are some important conditions that apply to all entities that want to obtain a license:

  • The company applying must be registered within the territories of the European Union.
  • The entity must have at least 770,000 euros of capital, in the form of a guarantee.
  • If the company is not Bulgarian, there must be a Bulgarian representative for the application.
  • The applicant must not have previously violated the Gambling Act (eg a violation would be the revocation of a license that was previously active).
  • Operator systems should all be linked to the National Revenue Agency, as a form of transparency on the information received from players. 

With the fulfillment of these conditions the following procedure is standard and more or less similar to the applications in other European countries. The cost for a license varies from 5,000 euros to 20,000 euros depending on the type of operator. The processing time of an application usually takes 60-90 days.

The future of sports betting in Bulgaria

If there is one thing that can be said for sure, it is the fact that the Bulgarian market is one of the most potential for further development of the gambling industry. This is also confirmed by Mark Chakravarti, investment director at Sportingwin.

According to him, the gambling market is quite consolidated in major European countries. This is an advantage for developing countries like Bulgaria, to expand their market towards new opportunities. Expert analysis says the domestic gambling market has the potential to grow by 20% each year. This is supported by the fact that the profits have turned out to be quite large, with only a few operators currently licensed.

In case the competition increases, which is in the government's perspective, the income and opportunities for the players will also increase. However, major changes are not expected to happen until the anti-covid restrictions are finally lifted. 

Frequently Asked Questions (FAQs)

The minimum age to play games of chance is 18 years old. This applies to all gambling in Bulgaria. Most offshore operators operating in the country also have the same age limit.

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