$/€ Montenegro’s Gambling Revenues for Q1 Increase by almost 60%
Kate Marshal
10 April 2024
Comment 0
Montenegro’s gambling revenues soared by 58.5% in the first quarter of 2024, hitting a high of €6.5 million ($7.0 million), as per the country’s Ministry of Finance.
The ministry attributed this revenue surge to legislative changes implemented earlier this year.
“On the contrary, the adopted measures resulted in abolishing certain types of betting that are considered risky and were not adequately regulated against money laundering”, the ministry stated.
In an unprecedented move, Montenegro introduced a mandatory variable fee for online betting as part of these new legislative measures.
Consequently, the online segment’s revenue rose to €2.2 million for the quarter.
To put this in perspective, the online betting revenue for the entirety of 2023 averaged €1.5 million per quarter.
Best Bonuses
Official PINCO Promo Code
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
Registration Promo Code 22Bet for 2026
Активен до: 22.12.2026
Super profitable bonus on our promo code: up to $122 for betting
Bet-at-home Bonus Code for €300 Bonus
Активен до: 31.12.2026
Activate your bonus $/€300 with the Bet-at-home bonus code! Up to 100% bonus on the first free deposits.
Valid Bet365 Bonus Code for Free Bet €30
Активен до: 31.12.2026
Use unique Bet365 bonus code – claim €30 free bet. You have up to 30 days from registering your account.
