Bulgarian gambling operators earned about $1.9 billion in 2017

Loyal legislation of Bulgaria attracted a lot of gambling operators to the country. Legislation, adopted about five years ago, lifted the corporate tax burden from licensed operators.

As a result in 2017, Bulgarian gambling operators earned about $1.9 billion, which is twice the amount recorded in 2007. The licensed operators of Bulgaria have replenished the state budget in the amount of $111 million in 2016 and $90.32 million in the first 9 months of 2017.

Bulgaria gambling operators are enjoying the revised gambling laws that the government launched in 2013. The laws did not subject the gaming companies to an alternative tax that would make it difficult to continue operating their companies. Taxes are also not the same for all gambling companies. The number of machines they have taxes Land-based locations. Remote or online operators have a 20 percent levy. For foreign operators, the licensing fee is just under $63,000.