Montenegro is in the central and western Balkan Peninsula in Europe and is neighbored by Albania, Serbia, Bosnia and Herzegovina, and Croatia. Montenegro declared its independence on 3rd of June 2006. First and foremost one needs to have knowledge of the legal framework of the country’s gambling and the available betting sites. This guide will take you from the inception of Montenegrin gambling laws to the best betting sites in Montenegro and sports betting platform suited for your needs.
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Table of Contents
Summary of Key Events
History of Gambling Regulation in Montenegro
Montenegro gambling started in 2006 when the country passed the Games of Chance Act through which it legalised land casinos. This law provided a comprehensive structure for all forms of gambling in the country with regards to the land-based and online gambling.
- 2006: Permitting of the traditional forms of casinos on the land.
- 2011: Permissibility of most varieties of online gambling.
- 2023: Changes in the Games of Chance Law for the improvements of the regulation.
Regulatory of Betting Sites in Montenegro
Montenegro has properly developed legislation to prevent unfair and malicious activities in gambling and for its proper regulation. The principal regulator in the field of gambling is the Montenegro Gambling Commission.
- Montenegro Gambling Commission: This agency controls both the traditional and the online gambling business.
- Ministry of Finance: Regulates the monetary side of gambling, for instance, the taxes and the licenses.
Prohibited and Permitted Bets
The laws of Montenegro are quite well defined when it comes to the types of bets that are permissible and the ones that are not.
Permitted Bets:
- Sports betting
- Casino games
- Lottery games
- Bingo and similar games
Prohibited Bets:
- Unlicensed gambling activities
- Some of the high-risk strategies that the regulator considered being rather risky were allowed to be made.
Gambling Licenses and Fees
Acquiring a gambling license in Montenegro is a process that includes a number of steps and which has a certain price.
Land-based Casinos:
- Initial License Fee: €75,000
- Annual Renewal Fee: €50,000
Online Gambling:
- Initial License Fee: €10,000
- Monthly Fee: €10,000
Gambling Taxes
Taxation is an important element of regulation of gambling in Montenegro.
Casino Games:
- Fixed Annual Tax: €50,000
- Additional Tax: It is 10% of the gross gambling revenues.
Sports Betting:
- Monthly Fee: The range of the fine is capped at €500 per betting shop.
- Additional Tax: five percent of the gross gambling revenue or $5000 whichever is the lower of the two
Lottery and Bingo:
- Tax Rate: Ten per cent of the ticket sales revenue, less the prize fund.
Recommended Betting Sites in Montenegro
Below are some of the most recommended sites for betting in Montenegro if you are interested in such activities:
1xBet:
1xBet
A large number of events with competitive odds on more than 50 sports markets
Availability of live stream and the option of cash out.
100% up to £100 welcome bonus.Up To £100
Betandyou:
Betandyou
The different types of sports markets covered in the paper include eSports.
Up to £120 + £30 in free bets.Up To £120 + £30 Free Bets
22Bet:
22Bet
Local operator with many propositions for pre-match and in-play bets
New customers can get up to £122 bonus.Up to £122
Montenegro Sports Major Events
Montenegro has witnessed several milestones in the sporting activities that have affected its betting culture.
- 2008: The Montenegro’s water polo team emerged champions at the European Championships.
- 2009: This paper seeks to report on water polo achievements of the Cuban team, particularly winning the gold medal in the FINA Water Polo World League.
- 2016 & 2020: National football team has got into UEFA European Championship.
- 2017 & 2019: National basketball team acquired the FIBA EuroBasket
- 2012 & 2014: National handball team became the champion of the EHF European Championship.
Celebrating Montenegrin Sports Stars
The country has raised some of the best athletes who have contributed to the fame of Montenegro.
- Novak Djokovic: Also named as one of the greatest tennis players of all time. The mens singles player who has won a record of seventeen grand slam titles.
- Milorad Čavić: An Olympic silver medalist in swimming.
- Nikola Vučević: NBA All-Star and a current player of the Orlando Magic.
- Dejan Savićević: Probably one of the best soccer players in the world and in history.
Neighboring Countries Gambling Laws
Before comparing the Montenegrin gambling landscape, it is useful to have a look at the regulation of this industry in the neighboring countries.
Albania
- Legalization Year: 1995
- Regulatory Body: Lottery of Albania
- Notable Fact: Gambling in the internet is not allowed.
Serbia
- Legalization Year: 2011
- Regulatory Body: The Management of Games of Chance
- Notable Fact: Both land based and online gaming is legal.
Bosnia and Herzegovina
- Legalization Year: 2019
- Regulatory Body: Ministry of Finance of the Russian Federation
- Notable Fact: Different rules for each of the entities; Federation of Bosnia and Herzegovina and Republika Srpska.
Conclusion
When it comes to Montenegro sports betting, the choices are numerous and the market is quite developed which is why this country deserves attention. Based on the strong legal system and numerous bookmakers, Montenegro may become an attractive option for the new and professional players. It does not matter if you want to know more about gambling legislation in the country or the top betting sites, or even the sports successes of the country, there is information for everyone.
FAQ about Betting Sites in Montenegro
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