Croatian Online Gambling Market Looks Promising

There are many reasons for nations to turn to one of the world favorite pastimes – gambling. Two of the most influential factors behind the acceptance of legalized gambling, whether on land or on the internet are profit and demand.

An immense profit can be made by countries that embrace the gambling sector. The gambling industry moves billions of dollars every year world-wide. Despite the economic recession that the world recently went through, the world of gambling didn’t take much of a hit. According to research, the gambling industry in Croatia in combination with the rest of the Balkan nations may be worth an eye-opening €4.5 billion.

On and offline betting are both legal according to Croatian gambling law. There are, however, very strict regulations concerning how the industry is dealt with. Card and table games are perfectly legal, but they can only be played in casinos. All gambling in Croatia is monitored by the state organization Hrvatska Lutrija.

Since independence in 1991, the industry has been growing steadily within Croatia. There was one feeble attempt to go online on behalf of the nation in 2002. At that point in time, internet gambling in Croatia was not as opportune as it is today, and the business failed and closed down.

Gambling is a popular pastime in Croatia and estimates indicate that another attempt to bring the market out online, combined with their neighbors, could be very promising and open up the market to another €500 million. Currently, there are many online casinos in Croatia but they are all licensed on foreign soil. The nation could and may make a fortune by expanding once more to the internet.