Bulgaria
LIST OF THE 13 LICENSED WEBSITES IN BULGARIA FOR ONLINE BETTING WEBSITE
TYPE OF BETTING
Efbet.com Toto.bg Toto.bg
Pokerstars.bg Efbet.com Betfair.com Betfair.com
Eurofootball.bg Novabet.bg Eurobet.bg Eurobet.bg Ecasino.bg Winbet.bg
In 1998 the Gaming Act put together a serious frame- work for operators in this field and later in 2008 the law was amended to permit online services. In practice only the BST was licensed to do this and Eurofootball was allowed to advertise their prices.
The BST monopoly on online gaming lasted until 2013. This didn’t stop illegal betting sites being set up or inter- national sites taking bets hence laws were tightened up as the government realised how much it was losing in revenues and taxes.
In March 2012 Bulgaria implemented legislation which attempted to regulate online gambling for the first time in Bulgaria. It was loosely based on the Danish model and this permitted sports betting and casinos and brought in a licensing system and a blacklist for any unregulated sites. The new law also involved a clause to restrict gambling advertising. When this law was brought in the government estimated that it would bring in an additional BGN100m (€50m) of annual revenues for the economy.
At the time only efbet was drawn by the offer of a new market whilst others simply held back. Then
Bulgaria introduced a new gambling taxation regime which came into place in January 2014 and this is aimed at making the country more appealing for local licens- ing.
Eurofootball was the first sports betting site to gain a licence under the new laws in September 2013 and BST gained their licence in January 2014.
After the government reduced taxes this saw an increase in applications including two licences granted to Betfair in February 2014 enabling them to offer sports betting and wagers on horse and dog racing and casi- no/poker games.
Bulgarian players are not taxed on their winnings as yet although there were proposals in 2013 for a 10 percent tax to be introduced.
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Online sports betting, horse and dog racing. Online sports betting, horse and dog racing Online lottery games Online casino games Online casino games
Online sports betting, horse and dog racing Online casino games
Onlien sports betting and horse and dog racing Online sports betting, horse and dog racing Online lottery games
Online betting on chance events Online casino games Online casino games
Bulgaria introduced a new
gambling taxation regime which came into place in January 2014 and this is aimed at making the country more appealing for local licensing.
Bulgarian players are not taxed on their winnings as yet.
The amendments to the online gaming SG No 1/2014 came in at the beginning of 2014 which outlined changes for the online gambling via internet or other electronic means such as mobile or landline phone, radio, television or satellite.
Although this is 18 months after the Bulgarian Gambling Act was introduced the tax base has been changed to a regime based on GGR.
The amendments also set up organisations for underage gambling and gambling addiction programme, responsi- ble advertising and resolution of disputes between players and operators. It states that websites should contain information in Bulgarian and include the com- pany’s data such as trade registration number licence issued by the SCG, rules, help desk service and contact details. Those wishing to operate games must have a Local Control Server (LCS) which is then connected to a central computer system for the purpose of storing data
Meanwhile and more importantly the tax system changed to include:
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15 percent turnover tax was replaced with 20 per- cent tax on GGR
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A one off fixed rate fee to the gaming board of BGN100,000 (around €50,000) which is for the five year licence.
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For games in which fees and commissions are collect- ed (ie poker) the tax rate is 20 percent of the collected fees.
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Offline bingo and keno is taxed at a 10 percent corpo- rate tax rate.
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In addition since Jan 2014 they also pay BGN50,000 annually which goes towards problem gambling pro- grammes.
This seemed to do the trick and operators began to apply. Since the beginning of 2014 Pokerstars and Betfair were granted licences and they joined Efbet and Eurofootball and state owned Bulgarian Sports Totalisator. At the
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