Bulgaria iGaming Licence: Requirements, Costs & Timeline

Bulgaria is quickly becoming a favorite destination for iGaming operators, and it’s easy to see why. A single EU-aligned license covers online casinos, sports betting, and other remote games all at once, under the National Gambling Act. That’s a big deal if you are running multiple verticals and don’t want to juggle separate licenses.

New operators need to set up a local or EU/EEA-based company. They must also have the minimum paid-up capital of BGN 1.5 million (about EUR 760,000). Not only that, but they have to conform to a number of stringent technical, compliance, and AML obligations.

This is a 2026 guide to what you really need to know. The key licensing requirements, realistic costs, and how long the whole process of securing an iGaming license typically takes. So, if you are new to the Bulgarian market, then this blog is for you.

Understanding Bulgaria’s Gambling Regulatory Framework

Understanding Bulgaria’s Gambling Regulatory

The gambling market in Bulgaria is regulated by the Bulgarian Gambling Act that applies to both physical and online gambling. The framework covers aspects such as licensing, taxes, advertising, technical standards, player protection, and monitoring compliance.

In 2026, the sector is unified under one regulatory system, in order to ensure even greater transparency and improved regulation of the market.

The body in charge is the National Revenue Agency (NRA). It deals with licensing, audit of operators, tax collection, as well as enforcement of non-compliant enterprises. The NRA also monitors whether the operators are fulfilling their financial, technical, and reporting requirements.

The regulatory framework applies to multiple gambling sectors, including:

• Online casinos.
• Sports betting platforms.
• Poker websites.
• Bingo and lottery products.
• Slot and virtual gaming activities.

There are a number of legal requirements that gambling companies must meet in order to do their business:

• RNG software, and certified gaming systems.
• AML and KYC compliance processes.
• Secure payment and data protection systems.
• Responsible gambling measures and age verification.
• Regular reporting and technical audits.

There are also strict advertising and consumer protection laws in Bulgaria. Promotions should be avoided by operators, as they may advertise inaccurate content, and operators should adhere to restrictions to safeguard individuals under 18 years of age and vulnerable users. The NRA can fine and restrict those operators who are not licensed and who are violating the local gambling rules.

As of 2026, Bulgaria is still working on adapting its legislation to the EU’s requirements for compliance and the changing payment landscape, alongside the growth of digital gambling.

Types of iGaming Licenses Available in Bulgaria

iGaming Licenses Available in Bulgaria

Bulgaria regulates iGaming through a category-specific licensing framework under the Bulgarian Gambling Act. Operators cannot use a single universal license to offer all gambling products. Instead, each gambling activity requires separate approval from the National Revenue Agency (NRA), depending on the nature of the service being offered.

Online Casino License

The online casino license covers digital casino operations such as:

• Online slot games.
• Blackjack.
• Roulette.
• Baccarat.
• Live dealer casino games.
• RNG-based table games.

Operators must use certified game software, approved RNG systems, and technically compliant platforms connected to the NRA’s monitoring infrastructure. Before approval, the gaming environment undergoes technical testing and certification by authorized independent laboratories.

Online Sports Betting License

This license applies to operators offering:

• Fixed-odds sports betting.
• Live betting.
• Esports wagering.
• Horse racing betting.
• Virtual sports betting.

Sports betting operators must maintain real-time transaction records, betting integrity controls, and suspicious activity monitoring systems. The NRA may also require operators to provide detailed betting data during audits or investigations.

Online Poker License

Peer-to-peer poker operations require separate authorization due to the nature of player-versus-player gaming. This includes:

• Tournament poker.
• Cash Games.
• Sit-and-go formats.

Poker platforms must implement anti-collusion systems, player behavior monitoring tools, and advanced monitoring obligations. However, bingo activities remain regulated separately from lottery operations under Bulgarian law.

Bingo License

Private operators may apply for licenses to offer bingo-related gambling products, subject to regulatory approval and compliance obligations. However, bingo activities remain regulated separately from lottery operations under Bulgarian law.

State-Controlled Lottery Operations

Unlike casino gaming and sports betting, online lottery activities in Bulgaria operate under a state monopoly model. Traditional lottery products and online lottery draws are exclusively operated by Bulgarian Sports Totalisator (BST), the state-owned gambling entity.

Land-Based Gambling Licenses

Separate licenses are also available for physical gambling establishments, including:

• Land-based casinos
• Slot machine halls
• Betting shops
• Gaming arcades

These licenses involve additional location approvals, municipal permits, and physical security compliance requirements.

Who Can Apply for a Bulgaria iGaming License?

Bulgaria allows both local and foreign companies to apply for an iGaming license, provided they meet the eligibility requirements under the Bulgarian Gambling Act. Applications are reviewed and approved by the NRA, which evaluates each applicant’s financial stability, ownership transparency, and legal background.

The following are likely to be eligible:

• Bulgarian-registered companies.
• Gambling operators based in the EU and the EEA.
• Foreign companies that are present in the country either as a local entity or as a branch.

The company’s shareholders, directors, and ultimate beneficial owners (UBOs) are subject to rigorous fit-and-proper checks by the regulator. Applicants will need to provide information regarding their ownership, capital source, tax record, and any prior experience in a gambling business.

Eligibility for financial requirements is different depending on the gambling activity:

• The minimum paid-up capital for an online betting operator is BGN 50,000.
• The minimum paid-up capital of the online casino operators is BGN 1.5 million.

Candidates may be disqualified if:  

• Poorly defined ownership.
• Are affiliated with illegal gambling establishments.
• Owe unpaid taxes or have financial violations.
• Were previously approved by gambling authorities.

Bulgaria also does not allow private operators to distribute lottery products online, and lottery is still regulated by the Bulgarian Sports Totalisator (BST).

Bulgaria iGaming License Requirements

Obtaining an iGaming license in Bulgaria comes with several conditions set by the NRA. These span legal, financial, technical, and compliance requirements. Before granting approval, the NRA reviews your business structure, funding sources, and platform.

Registered Legal Entity

Applicants must operate through a legally registered company with a transparent ownership structure and clearly identify ultimate beneficial owners (UBOs). Foreign operators typically need a Bulgarian entity or locally registered branch for regulatory and tax purposes.

Minimum Share Capital Requirements

Required paid-up capital depends on the license type:

• Online betting operators: minimum BGN 50,000 (approximately EUR 25,600)
• Online casino operators: minimum BGN 1.5 million (approximately EUR 767,000)

The NRA may request proof of capital origin, audited financial records, and evidence of sufficient operational funding.

Mandatory Investment Requirement

Licensed operators must invest at least BGN 1 million (approximately EUR 511,000) within six months of receiving the license, covering infrastructure, technology systems, operational setup, and local business activities.

Bank Guarantee Submission

A bank guarantee must be submitted as part of the application, acting as financial security to cover tax obligations, player payouts, and regulatory liabilities.

Technical Certification and System Compliance

Prior to the launch of any platform, gaming software, or RNG system, it needs to be tested by an approved independent laboratory. The NRA assesses game fairness, platform security, transaction recording, payment infrastructure, and cybersecurity controls. Systems should also be linked to NRA monitoring systems.

Local Data Storage Requirement

All gambling-related operational data must be stored within Bulgaria, including:

• Player identification records
• Betting history
• Financial transactions
• Payout information
• Gaming activity logs

The regulator may access this data during inspections, audits, or investigations.

AML and KYC Compliance

AML and KYC should be consistent with Bulgarian and EU requirements and include identity verification, suspicious activity reporting, record-keeping, risk assessments, and transaction monitoring procedures. The failure to properly control AML could result in suspension of the license or monetary fines.

Tax and Regulatory Compliance

Licensed operators must comply with Bulgaria’s gambling taxation framework:

• 20% tax on Gross Gaming Revenue (GGR) for betting, bingo, and related activities
• 10% corporate income tax on profits

Operators must also submit periodic reports, maintain accounting transparency, and cooperate with NRA audits.

Application Documentation

The application requires a range of documents. These typically include corporate registration certificates, shareholders and directors’ information, and proof of paid-up capital. You will also need to submit business plans, technical system certifications, and AML and compliance policies. Bank guarantee documentation and tax clearance certificates round out the list.

Step-by-Step Application Process

Applying for an iGaming license in Bulgaria follows a structured process overseen by the NRA. Understanding each stage upfront helps operators avoid costly delays and submission errors.

Step 1: Business Registration and Corporate Setup

Operators need to form a legally registered company in Bulgaria before they can apply for a license. The majority of international operators either establish a Bulgarian limited liability company (OOD/EOOD) or a local branch of an EU/EEA based company.

The company has to be registered in the Bulgarian Commercial Register, have a Tax Identification Number (TIN), open a corporate bank account and declare UBOs. The NRA looks closely at the structure of ownership and inactivity in respect of transparency on shareholders and/or politically exposed persons (PEPs) may result in delay or refusal of the application.

Step 2: Preparing Documentation

The documentation phase is one of the most critical parts of the process. The NRA requires extensive corporate, financial, technical, and compliance records before accepting an application. Typical documents include:

• Certificate of company incorporation and articles of association
• Shareholder and director identification documents
• Criminal record certificates for key individuals
• Audited financial statements and source of funds declarations
• AML, KYC, and responsible gambling policies
• RNG and software certification reports
• Bank guarantee documentation

Foreign-language documents need certified Bulgarian translations and apostille certification. Operators must also provide details on payment providers, hosting infrastructure, data storage systems, and security protocols. Incomplete documentation is one of the most common reasons for delays.

Step 3: Application Submission

Once documentation is complete, the operator submits the application to the NRA along with the required fees, which generally range between EUR 5,000 and EUR 20,000 depending on the license category.

The application package includes a formal application form, technical certification reports, proof of paid-up capital, tax clearance certificates, and financial guarantee proof. An initial review is made by the NRA to ensure the submission is complete and can ask for clarifications before proceeding further.

Step 4: Technical and Regulatory Review

This is typically the longest stage of the process. The NRA conducts a detailed assessment covering ownership of transparency, financial stability, tax compliance, criminal background checks, AML exposure, and technical infrastructure. Gaming systems and RNG software must be certified by approved independent laboratories.

The NRA also ensures that the platform is compatible with the state monitoring systems and that all player data, wagering, and payout information is kept in Bulgaria. At this stage, further technical demonstrations, inspections, or additional evidence might be requested.

Step 5: Approval and License Issuance

After fulfilling all the requirements, the NRA issues the license, which specifies the type of gambling, conditions in which it operates, reporting obligations, validity, and taxes.

Operators might have to do a few technical integrations, enable local monitoring access, register their approved gaming domains, and finalize payment system approvals before they can go live.

Operators are continually supervised by the NRA, including periodic audits, AML inspections, financial reporting, and responsible gambling compliance. Penalties, suspension, or revocation may be imposed for failing to comply with standards of post-licensing.

Bulgaria Gambling License Cost Breakdown

The price of getting a Bulgarian iGaming license does not end at the application fee. Gambling tax, minimum capital requirements, bank guarantees, technical certification costs, and payment of licensing fees must be taken into account by operators.

The ultimate cost of the system can differ considerably when you’re launching an online sportsbook, casino, poker space, or multiple gambling verticals.

On top of regulatory fees, businesses should also budget for local company formation, compliance systems, legal advisory services, and technical infrastructure certification.

The following is a list of all key costs involved in the issuance and renewal of a Bulgarian gambling license in 2026.

Disclaimer: The figures presented are approximate estimates for informational purposes only and may vary based on regulatory changes, business scope, and individual circumstances. Consult with a licensed legal or financial advisor before making licensing decisions.

The overall cost of entering the Bulgarian iGaming market can range from tens of thousands to several million euros, depending on the business model, license type, and scale of operations.

Online casino operators generally face significantly higher financial requirements compared to sportsbook-only businesses, due to stricter capital obligations and technical compliance standards.

 Compliance Requirements After License Approval

Obtaining a Bulgarian iGaming license is only the beginning. After approval, operators must continuously meet strict financial, technical, AML, and responsible gambling obligations.

Continuous NRA Monitoring

Licensed operators are subject to ongoing regulatory supervision by the NRA. Gambling platforms must remain connected to the regulator’s monitoring systems, allowing authorities to track betting activity, player transactions, payout records, gaming sessions, and revenue reporting.

Operators may also face periodic inspections, technical audits, and compliance reviews throughout the license period.

Data Storage and Record Retention

Licensed operators must continue storing gambling-related operational data within Bulgaria, including player account information, betting history, deposit and withdrawal transactions, bonus activity, and communication logs. The NRA may request access to these records during inspections or investigations.

Responsible Gambling Compliance

Operators are expected to actively enforce responsible gambling measures, including:

• Age verification controls
• Self-exclusion systems
• Responsible gambling messaging
• Player protection tools
• Monitoring of excessive gambling behavior

Marketing and promotional activities must also comply with Bulgarian advertising restrictions designed to protect minors and vulnerable users.

Technical System Maintenance

Any major changes to gaming systems, software providers, payment infrastructure, or platform functionality may require additional NRA approval or technical recertification.

Operators must ensure RNG systems remain certified, cybersecurity protections stay updated, platform integrity is maintained, and technical logs remain accessible for inspections.

Using unapproved software or modifying certified systems without authorization may lead to regulatory action.

Benefits of Getting a Bulgaria iGaming License

Bulgaria has become an increasingly attractive licensing destination for iGaming operators seeking a regulated European market with comparatively lower operational costs. While compliance standards are strict, the licensing framework offers several practical advantages worth considering.

EU Jurisdiction and Market Credibility

A Bulgarian iGaming license allows operators to run their business within an EU-aligned regulatory framework, strengthening credibility with payment providers, software vendors, banking partners, affiliate networks, and investors. It also supports player trust and corporate reputation.

Low Corporate Tax Rate

At 10%, Bulgaria offers one of the lowest corporate tax rates in the EU, which can meaningfully reduce long-term operational costs compared to higher-tax Western European jurisdictions.

More Accessible Than Other EU Licenses

Overall setup and licensing costs are generally lower than jurisdictions such as Malta, Germany, the Netherlands, and Sweden, making Bulgaria a realistic option for mid-sized operators wanting EU regulatory recognition without prohibitive entry costs.

Faster Licensing Timeline

With a well-prepared application, the process typically completes within 60 to 90 days, often faster than many comparable European markets.

Clear Regulatory Structure

The Bulgarian Gambling Act covers casinos, sports betting, poker, bingo, and land-based gambling under a centralized NRA oversight model, simplifying regulatory communication and supervision.

Stronger Payment and Banking Access

Licensed operators generally face fewer difficulties with payment processors and financial institutions, improving access to merchant accounts, PSP integrations, and EU banking services.

Legal Market Positioning

A Bulgarian license allows operators to legally advertise and offer approved gambling services, reducing exposure to website blocking, financial penalties, and broader regulatory enforcement actions.

Wrapping Up…

Bulgaria presents a practical and well-regulated entry point into the European iGaming market. With a clear licensing framework, competitive tax rates, and a manageable approval timeline, it offers genuine appeal for operators at various stages of growth.

That said, meeting the NRA’s compliance, technical, and financial requirements demands thorough preparation before the process begins.