Bulgarian online gambling sector on the rise

6 December 2018

During the first nine months of 2018, the amount of tax deductions from the organizers of online gambling games in Bulgaria increased by 17% compared to the same period last year.

The total tax deduction of online gambling operators amounted to € 57 million. This contributed to the economic growth of the country, as stated by the Bulgarian Trading Association of Manufacturers and Operators of the Gaming Industry (BTAMOI).

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During the 2017/2018, the gambling industry in Bulgaria showed very good results at the national level, based on the increased economic efficiency of the country,” - noted by BTAMOI.

According to forecasts of financial experts, the economy of Bulgaria will grow by 3.6% this year. One of the reasons for such a significant growth is the significant contribution of online gambling operators, the second is the introduction of innovative technologies.

The online gambling segment represents about 10% of the total gambling market in the country. In the nine months until September 30th, the amount of revenues from the sector was € 89 million. This is 30% higher than in the same period last year, despite the reduction in the number of tourists from Turkey, which also affected the casino industry.

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