Balkans

Bulgarian Parliament Approves Private Lottery Ban

Published

5 years ago

February 10, 2020

Niji Narayan

Bulgarian Parliament Approves Private Lottery Ban

Reading Time: < 1 minute

The Bulgarian parliament has approved the second reading of legislation that amends the country’s Gambling Act to ban private lottery operators.

Once enacted, all lottery games not operated by the state-run Bulgarian Sports Totalizator must cease their operations within 90 days. The new rules do not apply to state-licensed private operators offering sports betting, slot machines, raffles, bingo or keno. A proposal to ban all gambling advertising failed to garner enough support and was not adopted.

The bill was crafted after the government concluded that private lottery operators had underpaid their taxes to the tune of US$118m over the past six years.

The Bulgarian State Commission on Gambling issued a statement saying that the State Financial Inspection Agency had discovered “irregularities in the calculation and payment” of gambling fees. Specifically, the Commission said not all of its gambling licensees were remitting the correct percentage of their sales.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.