Sunday, 05 April 2020

Betting in Croatia has no limits: over 5 billion kuna spent in sportsbooks

By  Feb 21, 2020

According to the Ministry of Finance, between January st to the end of November 2019 sportsbooks have recieved bets worth 5.141 billion kuna, which makes monthly payments an average of 467.4 million kuna – Slobodna Dalmacija reports. 

In the same period, those who made bets earned 3.988 billion kuna.
Since the data does not include sportsbook payments from December last year, the figure could easily go to unbelievable 5.6 billion kuna, or 1 billion more than in 2018.

Although in previous years these payments amounted to around 4.5 billion kuna, a significant change was seen in 2019, even without a final annual calculation.

Sportsbooks in Croatia were opened in 2001 and have been growing year by year for six years. Then a slight decline followed. In 2015, a total of 4.479 billion went in sportbooks, and 3.498 billion went out. A year after 4.627 billion went in and 3.682 went out.

Similar payments were concluded until 2018, while in 2019 something has obviously changed, and bets were worth over five billion kuna. The Croats therefore seemed to bet more often last year than they did in previous years.

However, the number of gambling companies has declined over the years. About 10 years ago, there were certainly more of them - in 2009, there were 11 companies organizing betting games, and in 2019, for example, seven companies had the right to organize betting games.

Payments for betting games are a known thing, they are received at sportsbooks, through self-service terminals and online, and as explained by the Ministry of Finance in 2019, about 50 percent of payments were online payments.

The state also benefits from this business, according to Slobodna Dalmacija. The state will prosper, on the basis of last year's payments, because of the amount of compensation of five percent that is charged for each payment in the sportsbook.

During this period, from January 1st, 2019 to November 30th, 2019, the organizers of the betting games paid a total of 252,836,041 kuna in favor of the state budget.

It is clear that Croatians spend a lot more on betting annually, as some go to illegal bookmakers. And a large amount of money is being poured from Croatia through the internet, at online betting in foreign bookmakers that do not have a license to host in Croatia. In this way, much of the money is lost by the state – Slobodna Dalmacija concludes.

The Voice of Dubrovnik

THE VOICE OF DUBROVNIK


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