Ban on Gambling Advertisements Proposed in Bulgaria

Overview

A new bill introduced in Bulgaria on April 24, 2024, seeks to ban almost all forms of gambling advertising in the country. The proposed changes are spearheaded by the GERB-UDF party and the Movement for Rights and Freedoms (DPS).

Key Points

• The bill, if approved, would prohibit gambling advertising on TV, radio, print media, and Bulgarian websites.
• Online casinos and betting sites operating without a Bulgarian license could face hefty fines.
• Increased concerns about gambling addiction in Bulgaria have prompted the call for stricter regulations.

Impact

Gambling activities have surged in Bulgaria in recent years, with approximately €102 million generated in state revenue from gambling last year. The fate of the bill will depend on parliamentary approval and potential financial considerations.