Active players: 110.000
Regulated gambling products: Sports betting, casino, lottery
Operator types: Licensed online and land-based bookmakers & casinos, international bookies operating without a license
Designated authority: Gambling Authority (Uprava za igre na sreću)
Following the dissolution of Yugoslavia, Montenegro formed a federation with Serbia until June 3rd, 2006, when it peacefully declared its independence. It is the home country of numerous top athletes like Dejan Savicevic and Predrag Mijatovic, two iconic football players, and NBA player Nikola Vucevic. The small Balkan country was also crowned water polo European champion in 2008 and world champion in 2009.
Sports betting comes naturally as one of Montenegrins’ most loved habits. The first law on games of chance was passed in 2004 and came into effect in 2006. Since then, many betting shops and a few casinos emerged across the country. The Gambling Authority, a subsidiary of the Ministry of Finance, regulates gambling and issues licenses to betting sites in Montenegro. Since 2011, when online betting was first addressed, more than 15 local betting companies have obtained a license. However, with no restrictions on accessing offshore bookmakers, local punters also opt for reputable operators like Bet365 and Pinnacle.
Betting in Montenegro - 5 things to know
- The legal minimum gambling age in Montenegro is 18
- Almost 15% of adult citizens participate in online betting every month
- Football & basketball account for over 60% of all bets placed by local punters
- 2011 was the year when online gambling got regulated
- Licensed bookmakers must keep records of all payments above €1,000
Best betting sites in Montenegro
With most bookmakers available in Montenegro, we’ve checked them all and give you the ones with the highest odds and multiple betting options on a wide range of events, providing the Serbian language too.
Online betting in Montenegro: The gambling law framework
While the law on games of chance was voted in 2004, it came into effect only after the federation with Serbia was dissolved in 2006. The first law divided gambling into special games of chance (mainly slots and other casino games) and lottery games of chance (sports betting, lottery and bingo) and it still remains alike. The first time online betting was set under legal framework was in 2011, with a series of amendments. According to these, betting companies in Montenegro that want to get a license need to apply to the Gambling Authority and pay a fee of €25,000. Each license is valid for 3 years, and if a company wants an online one too, it just applies for an upgrade to its existing land-based one. At the same time, an applying company must possess a share capital of at least €75,000 and provide a bank guarantee of €30,000.
In terms of taxation, Montenegro applies a relatively low 10% tax on operators’ gross gaming revenue and a €500 monthly fee. However, the small costs are balanced with close online supervision from the authorities. Operators must grant access for inspection purposes and keep records of any payments over €1,000. Local market leaders Meridianbet.me and Maxbet.me, enjoy a massive share among the 15+ licensed bookmakers. More than half of them have also received an online betting license, which is actually just an upgrade to the land-based one.
Essential information for bettors
The most crucial piece of information for bettors in Montenegro is that there is no tax on winnings. There used to be a relevant tax but was put aside with appropriate law amendments in 2019. You should also keep in mind that betting on politics is not allowed in the country, at least when you place your bets on licensed bookmakers. Lastly, remember that you shall not face restrictions when enjoying the services of offshore operators. Thus, you are practically free to choose any bookie that geographically accepts Montenegrins.
Which .com bookmakers accept players from Montenegro?
Montenegrin players have plenty of options when it comes to online betting, so here are the most popular ones.
22Bet offers 1000+ events daily on 48+ sports and comes with a 95% payout on football and tennis. Plus, it also offers the Serbian language and a wide array of deposit methods, including Skrill and Neteller.
With a 97% payout for football and basketball, 1xBet does stand out. Other popular sports like handball or tennis also enjoy high payout at around 95%. It also comes fully localized with a Serbian interface.
Bet365 comes with a solid 95%+ overall payout. It welcomes bettors with 30+ sports to bet on and with a great range of betting markets. Moreover, it provides a wide variety of payments that include Skrill, Neteller and Paysafecard.
How to deposit at online bookies
WIth relaxed betting laws in place, punters are free to choose the payment method that suits them best. E-wallets like Skrill and Neteller, along with Paysafecard, are the most popular ones in the Montenegro online gambling landscape. Apart from the fast processing times they deliver, e-wallets also ensure anonymity, so they are recommended. Especially if you choose to bet online with a local licensed bookmaker, any winnings above €1,000 would be reported. No worries about currency conversion fees either since the Montenegrin official currency is the Euro, offered by the vast majority of online sportsbooks.
The future of online betting in Montenegro
Players are allowed to bet on any bookmaker they want, facing no restrictions. At the same time, the complicated licensing process and the strict state measures regarding the way companies operate and get taxed; complicate the landscape from operators’ point of view. Online gambling is still underregulated and apart from the local Montenegro betting companies, no offshore bookies have opted for a license. The future is uncertain since the online betting environment is still shaping up.
The complete list of Montenegrin bookmakers
Unlike in many regulated betting markets in Europe, the authorities in Montenegro do not tax betting winnings. This actually means that you get to keep the full amount of what you win, no matter if you bet on licensed or unlicensed bookies.
There was a period around 2010 when Montenegro used to issue online gambling licenses. They never got to the reputable level of a UKGC or a Malta license, and on top of that, some payment processors decided to stop working with Montenegrin-licensed operators. In a nutshell, we recommend you avoid operators who hold a license issued in Montenegro.
Authorities have been trying to regulate all aspects of betting in the country, thus, providing a safe online experience for all punters. Mainly when you stick to reputable offshore bookies, you will bet worry-free.
From a legislative standpoint, you will face no restrictions whatsoever when betting online. Apart from the 15+ licensed bookmakers that operate in the country, accessing any international bookie and betting on your beloved sports, comes with no restrictions.
There are more than 10 local bookmakers that hold an online betting license. However, the ones that truly stand out are Meridianbet, Volcanobet, Lobbet, Maxbet and Olimp.
1xBet is a legit betting company, operating under the Curacao licensing authority, one of the most reputable ones worldwide. It welcomes Montenegrin punters with an appealing first deposit bonus, high odds on a wide array of sports and broad betting markets.
22Bet is one of the international sportsbooks operating in Montenegro that offer their websites in Serbian, one of the country's official languages. Unfortunately, no offshore bookies offer the Montenegrin language.