Bulgarian lev is not the world’s most established or renowned currency. In fact, few countries have ever really taken it up. However, it is the ideal currency for players in Bulgaria to bet with, and there are a few BGN online casinos out there if you know where to look. Allow us to showcase a few of the better and most trusted Bulgarian lev casinos to you with our top casino list.
The Bulgarian lev was first introduced into the country in 1881 when it had an equal value to the French franc. In 1952, the Bulgarians introduced a new form of lev. This second edition was replaced just ten years later, but the third variant of Lev had a fixed exchange rate of 1.17 leva for 1 USD, following redenomination. The most current version of the currency is its fourth iteration, and it was once again redenominated, with €1 equalling 1.95 leva.
Officially Bulgaria is supposed to join the euro as a member of the European Union. However, like many other recent members, it has not “fulfilled the criteria”. As a result, the lev is still the official currency. Online bettors in Bulgaria can opt to use the lev or the euro as their currency of choice at BGN online casino sites, though.
Since 2012, the Gambling Act of Bulgaria has made all forms of online gambling regulated. Technically, they have been legal since 2008, but the new 2012 regulation states that Bulgarian lev casinos must obtain a gambling license and pay a 20% tax to the authorities. Bulgaria has a rapidly growing list of offshore BGN online casinos that don’t play ball, and the number of blacklisted sites stands at around 500 or so.
However, make no mistake – there is no law prohibiting nationals from playing at these offshore Bulgarian lev casinos, and you can find some of those in our top list today.