Montenegro is situated in the southern part of the Central and Western Balkan Peninsula in southeastern Europe. Montenegro has emerged as a popular region for gambling especially for Montenegro bookmakers and sports betting. This guide will break down all the specifics of Montenegro’s gambling laws, the development of its legal framework, the regulating bodies, the types of bets that are allowed and prohibited, the types of gambling licenses and their costs, taxes, and the dynamics of the sports betting market.
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Table of Contents
Summary of Key Events
Legal Interface of Gambling in Montenegro
History of Gambling Legislation
Casino operations in Montenegro is legal since the year 2006 in accordance with the Games of Chance Act (Zakon o igrama na sreću). This act is the cornerstone of the country’s gambling legislation, structuring the industry into two main categories:
- Lottery Games of Chance: Comprises lotteries, bingo, lotto, keno, and other like-based games.
- Special Games of Chance: It includes casino games, betting, sports betting and gaming machines among other related activities.
Significant milestones in Montenegro’s gambling legislation include:
- 2006: The legalisation of the land based casinos through the passage of Games of Chance Act.
- 2011: Licensing of most types of online gambling that saw the creation of the Montenegro Gambling Commission.
- 2023: Changes to be made to the Games of Chance Law to improve the control of online gambling.
- 2024: Adoption of the Coordination Task Force for Protecting and Enhancing Public Interest in Organizing Gambling Activities as a New Body.
- 2024: There is an expected prohibition of the use of electronic money transfer in the gambling activities.
Regulatory Agencies of Montenegro Bookmakers
Several organizations are in charge of the administration of gambling activities in Montenegro. The main body that has the authority to regulate the provision of gambling services is the Administration for Games of Chance which falls under the Ministry of Finance. Online gambling is controlled by the Montenegro Gambling Commission to govern the adherence to the country’s laws and global practices.
Prohibited and Allowed Bets
Montenegro is one of the countries that has quite tolerant approaches to gambling laws in the European Union. While residents can participate in both land-based and online gambling, specific regulations govern the types of bets allowed:
- Allowed Bets: Comprise of casino games, betting on sports, lotteries, and other similar games of chance.
- Prohibited Bets: Previously, betting terminals were legal in other premises that did not offer gambling but they are now limited to casinos. The recent ban on the use of electronic payment methods adds the new restriction to the existing ones.
Montenegro Bookmakers Licenses and Fees
The process of getting a gambling license in Montenegro and is quite a lengthy one and may be costly. The Administration for Games of Chance is the body that provides these licenses with different conditions based on the type of gambling activities. Here’s a detailed breakdown:
- Casino Games: An annual fixed charge of EUR 50,000 together with 10% of the gross gambling yield.
- Lottery Games: 10 percent of the total revenue on the sale of lottery tickets less the prize money.
- Betting: EUR 500 per betting shop on a monthly basis, as well as ten percent of the gross gambling yield.
- Online Gambling: A fixed amount of EUR 10,000 per month.
- Gaming Machines: Fifty Euros per machine and ten percent of the gross gambling yield.
Gambling Taxes
However, the gambling tax rates of Montenegro can be considered as rather moderate when compared to the taxes in other European countries. Below are the current tax rates:
- Casino Games: Fixed yearly amounting to EUR 50,000 plus 10% of the gross gambling revenue.
- Lottery Games: Ten percent of the gross revenues that come from selling tickets, less the prize pool.
- Bingo Games: Hence, the organization gets 10% of the revenue from ticket sales, excluding the prize money.
- Betting: Fixed charge of EUR 500 per betting shop per month in addition to 10% of the gross gambling yield.
- Gaming Machines: Fifty Euros per machine and ten percent of the gross gambling yield.
- Online Gambling: USD 10,000 on a monthly basis.
As for the players, the gambling winnings are taxed at a rate of 15% and this is done at the source.
Montenegro Sports Betting: Growing Sector
Sports betting in Montenegro is quite developed due to the population’s interest in different sports. Here’s a detailed look at the sports betting landscape in Montenegro:
- Popular Sports: Some of the most frequent sports include Water polo, Basketball, Football, and Volleyball. Most of these sports have their national teams and these teams have over the years won many medals and other forms of recognition.
- Sports Betting Platforms: Such popular types of bets as sports betting, live, and esports betting are available with Montenegro bookmakers.
- Regulatory Framework: Sports betting is governed by the same laws concerning other similar forms of betting thus making it safe for users.
Famous Sports and Feats
Montenegro as a country has a rather long record of achievements in the sphere of sports, which has contributed to the development of sports betting. Some key milestones include:
- 2008: Our national water polo team emerged champions of the European Water Polo Championship that was held in Spain.
- 2009: Montenegro claimed the gold in the FINA Water Polo World League.
- 2016 & 2020: The national football team of the country got to the UEFA European Championship.
- 2017 & 2019: He also added that the national basketball team emerged victorious in the FIBA EuroBasket.
- 1989: Milorad Cavic a swimmer was able to get a silver medal during the year 2008 Beijing Olympics.
Prominent Montenegrin Athletes
Montenegro has produced several world-class athletes who have contributed to the country’s sporting glory:
- Novak Djokovic: Affectionately known as Novak Djokovic, he is one of the best tennis players of all time and has won many Grand Slam titles and made Montenegro famous.
- Nikola Vucevic: Vucevic is an NBA All-Star center and has played a major role in the advancement of basketball in Montenegro as well as globally.
- Dejan Savicevic: Savicevic, often regarded as one of the best footballers, has had a splendid career which includes victory in the European Cup with AC Milan.
Conclusion
In conclusion, it can be stated that Montenegro presents exciting and constantly developing conditions for bookmakers and sports betting fans. Due to the positive legal environments that exist in the country, it remains an attractive market for both the local and foreign investors. No matter if you are planning to become a business person or simply a player, it is crucial to be aware of the framework of gambling in Montenegro as it may be helpful. For those who would like to get more information or proceed with the gambling business, the Administration for Games of Chance is the only body that deals with such issues and licensing.
FAQ – Montenegro Bookmakers
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