Bulgaria Reports First Revenues Since iGaming Liberalization
Key Takeaways
  • In a terse half year performance report, the Bulgarian State Gambling Commission (SGC) announced that its total income from fees, gaming taxes, fines and penalties was just under Lev 30 million ($20 million).
  • Excluding fees and fines, New Jersey’s income from its 15% gaming taxes was $9.36 million over the same period
  • In order to attract operators to its relatively small and poor market, politicians took the unusual decision to reduce gaming taxes.

In a terse half year performance report, the Bulgarian State Gambling Commission (SGC) announced that its total income from fees, gaming taxes, fines and penalties for all gambling activity in the country was just under Lev 30 million ($20 million).