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Bulgaria has emerged as one of the most attractive markets for suppliers worldwide. We spoke to Manos Mtilinaios from Altenar Senior Account Manager about the exponential growth predicted for this region and what players want.
The Bulgarian market has one of the most dynamic and exciting markets in the world. In the last 12 months, dozens of providers have moved to the Balkans due to smoother regulatory processes. Bulgaria promises a clear and accessible regulatory framework, imposed by SCG. It also offers a fair tax system and booming market potential. Bulgaria is still a desirable market despite recent announcements of changes, including increases in licence fees and taxes.
Altenar has a growing clientele in Bulgaria. Our reputation is strengthened by many partnerships. Since 2009, we have been operating in Bulgaria. We continue to improve the quality of our product and remain a desirable prospect for operators.
We offer a sportsbook solution that is fully managed in the Bulgarian market. This includes both software and services to provide an exceptional sports betting experience. The solution includes 24/7 risk management services, trading and business assistance and a dedicated manager.
The region has experienced consistent growth over the past few years and is expected to continue in the coming months. Based on key growth metrics like overall turnover and GGR, the country is expected be a trend-setter for Balkans until 2028. Market growth is accelerating and it is clear that many other countries in the region will follow suit, including Romania.
The market is expected to reach EUR850m in 2026. It’s reasonable to assume that this huge success can be attributed to the trust between sportsbooks and their customers.
If Bulgaria’s neighbors can duplicate the brand value of the country, then it’s a territory that’s worth keeping an eye on. I don’t think the predictions will show any signs in the months to come. Sports betting leaders continue to invest in Bulgaria, and are immersing themselves in the market.
The region’s economy is only just starting to grow. With time, Bulgaria will become a major hub in the sportsbooks and iGaming industry. Players can expect to experience an exciting environment.
Altenar must constantly monitor its product and the players’ preferences to ensure it stands out. In the region, sports such as eFootball, Tennis and Table Tennis are becoming increasingly popular within live betting. This is because the interaction between the user and the sport can be quick. We have a large user base of experienced users in Bulgaria and offer a variety of features, such as early payouts, enhanced odds/0% margin and bore draw. We must continue to conduct research in order to remain the market leader. This includes creating new partnerships, developing our end-to-end solutions, and meeting client and operator needs.
We are excited to be a part of this journey.
