Serbia Gambling Market
Serbia Gambling Market Size
- Biggest gambling market. The biggest market for web-based betting is Europe, yet this most likely won’t seem like a shock to anybody. During 2015, the EU market was responsible for 47.6% of the €34.6 billion of worldwide internet gaming gross revenue (stakes small rewards) created.
- Report on the gambling markets in Greece, Turkey, Croatia, Bulgaria, Romania, Slovenia, Serbia, and Montenegro After continental and southern Europe, the global gambling industry is now focusing on the Balkan states and Eastern Europe for its expansion.
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- Partially regulated market
- 4 types of gambling activity
- Government encourages private operators
- Common online platform
- Development potential
The gambling market of Serbia is divided into 4 categories:
- bingo and lotteries
- live-casinos, slot machines and sports betting
- online gambling
- competitions with prizes
Serbia’s fast-growing online gambling market approached €100m in market size in 2019 and gaming machine operators are expected to be squeezed by the country’s new, more restrictive, Gambling Act.
Serbia Gambling Marketplace
Such a division was introduced in the Games of Chance Act in 2004. Previously, there was only one national gaming operator, but now the online market is open to private entrepreneurs. The government prepared a black-list of operators to encourage the rest to run gambling business in Serbia.
All online gambling activities are run through only a single platform – owned by Playtech company, which has been collaborating with the Serbian national State Lottery for many years. The main idea behind this collaborative partnership lies in working together for mutual benefit.
Serbia Gambling Markets
Recent statistics show that the number of internet users has been growing exponentially, suggesting that the future of Serbian gaming industry starts to look promising.