Montenegro recorded a 30% year-on-year increase in revenue from games of chance, reaching approximately €39 million in the January–November 2025 period. This growth reflects tighter regulation, digital monitoring, and improved enforcement.
The sector has transitioned from a loosely regulated activity into a structured fiscal contributor. Digital oversight has reduced leakage and increased transparency, while licensing reforms have improved compliance.
From a budgetary perspective, games of chance now represent a stable supplementary revenue stream. While not transformational on their own, these revenues help diversify fiscal inflows and reduce reliance on cyclical sectors.
Policy debate continues around social impacts and regulatory balance. Authorities face the challenge of preserving revenue gains while mitigating social risks associated with gambling expansion. The sector’s evolution illustrates how regulatory modernization can translate directly into fiscal results when enforcement capacity is aligned with policy objectives.
