Top-rated Online gambling sites in Serbia

The history of gambling in Serbia takes us back all the way to the post-World War II period. During these tough times, gambling in Serbia was among the first industries that became regulated by law.

This activity has been legal ever since 1964 and the reason why it was regulated so early is that the government hopes that this activity will help stimulate the economy by bringing in tax money, employment, and many tourists.

Under the Law on Games of Chance, which was a law by Yugoslavia (Serbia was part of Yugoslavia in that period), a distinction between special games of chance and classical games of chance was made.

The first type was casino games that were played in casinos but were only available to foreign tourists. Even when the first casino was opened in Belgrade, the residents were not permitted to enter. After the shocking events in the early and late 90s, Serbia's economy was bruised and many of its sectors started to crumble.

Games of Chance Act

These were dark times for the country as gambling was also barely regulated and that is how underground facilities started thriving. However, all of that changed when the Games of Chance Act, which was based on previous legislation in Yugoslavia, was passed in 2004. With this act, the following gambling activities were legalized:

• Classical games of chance
• Special or other games
• Internet gambling games
• Prize competitions

Classical games of chance include lottery, bingo, scratchcards, and raffle. Special or other games include casino gambling and sports betting, and internet gambling games is basically online gambling, which means that this activity became legal in 2004.

But, one of the biggest problems with this act was that the market was controlled by the State Lottery. The New Act on Games of Chance which was brought in 2011, changed all of that.

Gambling nowadays in Serbia

Ever since the New Act on Games of Chance was brought in 2011, gambling in Serbia was revolutionized, and it became much easier for the government to control these activities. Nowadays, both online and land-based casinos are regulated well in the country and are in a steady phase of growth.

With the act, even foreign operators can apply for a license in Serbia. But, in order to obtain it, the operator needs to have a physical branch in the country, which is a regulation that can commonly be found in other European countries as well.

Not only that, but players are well-protected when they access online casinos. The new act also includes a clause that enables the government to block unlicensed casino sites. It is relieving to hear that the blocking is extremely successful and players know instantly whether they are at a licensed site when they access an online casino. If they are allowed to play, then the site is licensed and well-regulated. If they cannot gain access, then the site is unlicensed, and it is not safe for them to play games there.

Serbian Gambling Update in 2020

In 2020, the Act was amended even more and with this new amendment, the number of social responsibilities was taken into consideration and several other steps were taken to make sure that further liberalization can take place. Speaking of social responsibilities, the words casino, sazino, kasino, and kazino were banned from usage in any advertisements or promotions on social media. Minors cannot access online casino sites or gamble at land-based casinos. The legal age for gambling in Serbia is 18.

One of the best things that the new amendment in 2020 brought was a slight change in how the tax money from gambling is collected. With the new Act of 2020, the Red Cross of Serbia receives 40% of the government’s revenue made from gambling, which definitely deserves praise.

Ever since 1964, gambling has been legal in Serbia. During that time, this country was a part of Yugoslavia and gambling was among the first industries that were regulated as a way to stimulate economic growth. After several events during the 90s, the industry was in a grey area, but all of that changed in 2004 when the Games of Chance Act was brought in 2004.

Not only did this Act regulate land-based gambling, but it also made it clear that online gambling is also legal in the country. Ever since 2004, Serbians can access online gambling sites and enjoy their favourite casino games. As for the operators, both domestic and foreign operators are allowed to offer their services to Serbian people.

Foreign operators

Foreign operators can even apply for a license, but they can get it only if they have a physical facility in the country. With the Act of 2011, the state monopoly on online gambling was taken out and many private companies are now free to offer games to the players in Serbia. The Serbian Gaming Board is in charge of licensing, and overseeing all gambling activities in the country. The maximum number of licenses for land-based casinos is 10, while online casinos do not have any limits.

Licenses

Both online and offline gambling licenses cost around $2,500 and they are valid for 10 years. After the validation period expires, operators need to renew their licenses. Aside from having a physical facility in the country, casinos need to have a capital stock of $1 million and a minimum deposit guarantee of $300,000 in a Serbian bank to obtain a license. The taxes for land-based operators are at 10%, while the taxes for online gambling companies are 15%.

One thing that needs to be remembered is that there are certain restrictions when it comes to advertising online casinos on social media in Serbia. Words that are synonymous with casino cannot be used. That is why some words such as kazino, sazino, casino, and kasino are banned from use in advertisements on social media.

Lastly, the legal age for gambling in Serbia is 18.

The most preferred casino bonus in Serbia is Free Spins. Since slot games are among the most popular games in the country, players will use any opportunity to play with Free Spins as they provide them with free play for real money. They can hit a jackpot without depositing money and can withdraw the winnings after they meet the wagering requirements.

Welcome packages are also popular as they often include Free Spins. Not only that but in most cases, welcome packages provide players with a deposit bonus which they can use at online casinos to win rewards.

Finally, cashback bonuses are the third most popular bonus as it is often available at sportsbooks. Through cashback bonuses, Serbian players can return some of the lost amounts on betting. The amount depends on the casino's policies and whether or not the online casino includes higher cash back percentages in their loyalty programs.

Loyalty programs are designed to thank players for their continuous support and they often provide loyal players with better cashbacks. The higher the player is ranked on the program, the bigger the cashback percentage will be.

If you're looking to venture into the world of online gambling in Serbia, it's important to have the right information. Recently, more online casinos have started accepting the Serbian dinar, which is a huge advantage for Serbian players. It eliminates the challenges of currency conversions, offering a seamless experience. It's a clear indication that the platform is dedicated to serving the Serbian audience.

Choosing a platform that respects and acknowledges the local currency is crucial. It's not only about convenience but also about having a tailored gaming experience. If you're looking for reputable online casinos that embrace the Serbian dinar, you can refer to CasinoRank’s toplist. This list highlights the most trustworthy new casinos in Serbia, ensuring that you have a seamless gaming adventure while using your preferred currency.

As you explore, prioritize platforms that recognize the importance of the Serbian dinar. It's not just about the currency, but also about the respect and consideration for Serbian players. The rise of online casinos that prioritize the Serbian dinar is a clear sign of their dedication to catering to the Serbian audience.