State Lottery in Bulgaria Set for Privatization: 15-Year Concession Sparks Debate Over Oversight and Profits
The ruling parliamentary majority in Bulgaria, represented by Kostadin Angelov (GERB), Dragomir Stoynev (BSP), and Yordan Tsonev (DPS-New Beginning), has submitted a proposal to amend the Gambling Act within the transitional and final provisions of the State Budget Law. The submission, sent on November 24 to both the Chairman of the Budget and Finance Committee and the Chairman of the National Assembly, aims to grant a long-term concession for the Bulgarian Sports Totalizator (BST), with the State Budget Law set for a second reading on Thursday, November 28.
The lawmakers argue that despite BST's monopoly position, its revenues are lower than those of private gambling operators prior to the 2020 legal changes....