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Online sports and casino betting has experienced a boom in popularity throughout Europe as more governments have been easing regulations on the industry. On this page, we will be detailing all of the bookmakers that offer their services in Lithuania.
Online gambling has been legal within Lithuania since 2001 and all residents will be able to open an account and begin placing wagers provided they can meet the specific bookmaker’s terms and conditions of opening an account. Plenty of international bookmakers offer their services to Lithuanian residents and we will be taking a look through each of them.
Lithuania has had a fairly easy run in when it comes to online gambling compared to other countries who are still pushing for adoption of the industry today. Online gambling became legal in Lithuania on the 17th of May and this framework included any and all gambling activities within the country. There have been several adaptations to the framework as new services have arrived on the market. Since 2016, Lithuania has maintained a relatively strict blacklisting of unlicensed sites within their borders. The Gaming Control Authority constantly browses through the offers on the market and if they do not have the necessary licensing, their page is blocked by the majority of local ISPs.
At the time of writing, there were betting options available with 7 different bookmakers within Lithuania and residents are always encouraged to check out the Gaming Control Authority’s page for any developments from some of the bigger names on the scene. At the moment, you will be able to open an account and bet with Top Sport, Losimu, Olympic Casino, Tete-a-tete, Nese, Baltic Bet and Unigames. All other bookmakers will be blocked by local ISPs and you can find out exactly why on their website. They detail precisely why the service did not manage to meet the regulations set in Lithuania.
When it comes to the legality of betting online within Lithuanian territory, you will need to consider if the operator’s service you are using has managed to pass the necessary conditions set by the Gaming Control Authority. The law surrounding gambling in Lithuania is very detailed and any owners of gambling institutions need to have a clean criminal record and sufficient capital to ensure that customers are not in any risk while having their funds involved with the operator.
The industry is quite limited in Lithuania but there are a number of online bookmakers who have obtained licenses from the Gaming Control Authority. By signing up with one of them, you ensure that you are on the right side of the law in terms of the service you are using. Trying to use a blacklisted site should be instantly blocked by your ISP, so if you were to bypass this restriction, you might find yourself in a bit of legal trouble.
It is fairly common for some countries to impose taxes on the winnings made by customers of online betting services. You will need to keep this in mind when you are working with your budget while enjoying your betting markets, with Lithuania sportsbooks and casinos, there is a 5% rate applied on the nominal value of lottery tickets while organising a lottery. There is also an 18% tax rate that is applicable on the amount of receipts from totalisators, bingo and bets. Finally, there is a 13% rate imposed on the tax base of lottery and gambling with a remote operator. If you are looking at taxation with physical gambling machines and table gambling options, you are likely going to have to pay a fixed rate of tax. For a Category A gambling machine, it is EUR 260 a month and for Category B, EUR 130. Finally, for roulette, card games or a dice table, you will have to pay EUR 2300 a month.
The best betting sites have to fulfill various criteria. Apart from basic factors such as a good selection of sports or reliability, it can be the little things such as that free bets are offered or the fact that 5£ deposits can be made, that make the difference. If you are looking to sign up with an online sportsbook or casino in Lithuania, you will need to browse through all of the reviews and guides that are made available here at BettingTips. There are a number of sportsbooks that offer their services all over the world and this section will detail some of the best offers from Lithuanian betting sites.
The first bookmaker that is able to offer Lithuanian residents a chance to place some wagers with an online sportsbook is Bet365. This world-renowned name on the sportsbook scene has an enormous reputation within the industry and the reason isn’t very difficult to see. Their sports betting service covers a tremendous scope of sporting markets and you will be able to place a wager on just about any fixtures knowing that you are wagering with some of the best odds out there.
Opening an account is easier than ever before. Once you have arrived at the bookmaker’s page, simply click on the Join Now button and share your personal details to begin your online sports betting career. Make sure to submit the necessary documentation to verify your account so you can get started with placing your online bets. You will be able to find all the relevant information surrounding each bookmaker offer right here on our site so browse through some of the expert takes on each operator before committing to signing up.
When it comes to online betting, the first consideration you will need to make is whether or not the service is legal in your country of residence. Here at BettingTips, we take a thorough look through each bookmaker offer and put it to the test with our world-class reviews. You can also find out whether or not the bookmaker provides their services in Lithuania. Be sure to head to our page to find all the details you will need to get going within the online betting industry.
There are plenty of bookmakers out there and each of them is trying to expand their service to new countries in hopes of gaining customers. You will need to ensure that the bookmaker you are interested in is licensed and regulated by the Gaming Control Authority in Lithuania before you will be able to make use of their services. Our page here at BettingTips takes a close look at what bookmakers are covered by the authority and also details the quality of their service.
Each bookmaker will have their own set of required details and documents that will be necessary before you can look at opening an account within their service. Our experts have taken this into account when conducting our reviews and you will be able to find detailed sections of exactly how you can go about opening an account with a Lithuania sportsbook. Be sure to use all of the information that is made available to you when you are looking to place your wagers.