Is Sports Betting Legal in Bulgaria?

The online gambling scene does not have an international body regulating all betting sites. Instead, each country has laws governing the online betting sites operating within its borders, including Bulgaria.

This read will give you extensive details about online gambling in Bulgaria. We will also answer whether Bulgarians are free to place online bets.

Is Online Gambling Legal in Bulgaria?

You will be thrilled to learn that online gambling is one of the pastime activities recognised by the government of Bulgaria. In short, you are free to place online bets at different sportsbooks such as WINBET.

If you are interested in sports betting, you can hop over here to learn more about WINBET BULGARIA and determine whether it is suitable for your betting activities. With this information, it is apparent that Bulgaria is one of the best countries for placing online bets.

Online Gambling Timeline

Unlike other countries, Bulgaria is one of the few nations that started addressing the legalities of gambling as early as 1993. This year saw the nation legalise lotteries, bingo halls, and casinos.

By then, the online betting industry was still less inconspicuous. Therefore, the government saw no need to address this form of gambling.

In 1996, the nation founded Bulgaria’s State Commission for Gambling or SCG. This body was tasked to regulate all forms of gambling in the country.

In 2008, the State Commission for Gambling in Bulgaria noticed the lucrativeness of the betting industry. As a result, they legalised online gambling in the country.

However, it is crucial to note that the online betting sector remained unregulated as the SCG had not come up with strict measures. For that reason, offshore sportsbooks operated in the region without local licences.

The Revolution of Bulgaria’s Online Betting Industry

After years of deliberation, the State Commission for Gambling (SCG) published a gambling act. The law addressed every aspect of sports betting, including taxes.

One of the online gambling laws stated that operators were to pay 15% of their turnover as tax to the government. Also, the nation introduced a blacklist for unlicensed betting sites operating in Bulgaria.

The surprising aspect is that the blacklist had more than 350 brands within a short period. One of the reasons for such a huge number of companies is that operators found the tax too high.

After continuous objections by operators, the government decided to revisit the online gambling tax law in 2013, thereby reforming it to a one-time fee of €50,000. Furthermore, the regulatory body required operators to pay 20% of their gross profits.

The relaxed laws saw an increase in the number of online sportsbooks in the region. In 2019, the Bulgaria sports betting market was expected to grow from around $325 million to more than $735 million in 2026.

Does Bulgaria Tax Winnings?

When creating and amending the sports betting laws, Bulgaria’s State Commission for Gambling did not focus on players but rather on the operators. Therefore, they saw no reason to tax sports betting earnings when setting tax limits.

In short, Bulgaria does not tax sports betting winners. As a result, you get to pocket the cumulative amount you earn if you place a winning bet.

But then, the operator may charge you a transaction fee when making withdrawals while others may not, especially when using select payment options. So, carefully go through the payment methods to know which one charges a fee and which doesn’t.

The good news is that with the wide range of sports betting sites operating in the country. It is easier to spot a bookie that offers free transaction services.

Depositing and Withdrawal of Money at Bulgaria Sportsbooks

Since Bulgaria allows online sports betting, you are free to use any payment options offered by the bookies. After all, the government does not need to track your card payments to figure out whether you are using it to wager at sportsbooks.

Ensure you register for an account to have unlimited access to the available payment systems like MasterCard, VISA, ecoPayz, or PayPal. You will also have to send copies of your ID and utility bills to prove you are 18+ years old.

It is also the only way to confirm the details you offered during account sign up. All these steps are crucial for you to bet with actual money.

Rounding UP: Sports Betting in Bulgaria

From the information above, it is obvious that sports betting is legal in Bulgaria. The country has streamlined online gambling laws that allow anyone aged 18 years and over to gamble.

However, a bookie must hold a local licence to operate in Bulgaria. Furthermore, they must be willing to pay the above-stated tax.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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