The betting market has been increasing both in Europe and in the CIS. Georgia is a large source of growth in this market in the CIS. Sports betting services are provided by both legal bookmakers and European ones, which operate under an offshore license issued in places such as the Isle of Man, Curacao, and so on. There are both local bookmakers and internationally licensed Russian and European betting companies in the country. Despite the different licenses and origins, players’ requirements for betting companies remain the same: reliability, a broad range of events and prop bets, and a user-friendly website with several withdrawal options.
Bookmaking is officially allowed in the country. To operate in Georgia, betting houses need to obtain a license from the Ministry of Finance, which is renewed every year. The popularity of local bookmakers is due to the lack of taxes on winnings. Only bookmakers have to pay taxes. The state license allows bookmakers to operate online and open betting shops, which are present in virtually every Georgian city. Their legislation contributes to the active development of local bookmakers. The best in the region are the following:
Tbilisi Bed (Vivarobet)
Along with local bookmakers, Russian and international betting companies are developing in Georgia:
It is worth noting that legal bookmakers are focused on the development of two types of betting, namely online and offline betting. Licensed bookmakers can accept bets online only after opening brick-and-mortar betting shops. Owning betting shops is the main criterion for determining the legal status of a bookmaker in Georgia. If a bookmaker does not have them, it means they’re working illegally in Georgia. Only legal bookmakers operate in the domestic market. Ratings for all of them can be found on the website.
Bookmaker operations in the region are regulated by the following laws: – “On the Organization of Lotteries, Gambling and Profitable Games” – “On Licenses and Permits” – “On Gambling Fees” – Tax Code of Georgia Favorable terms made it possible to create a network of local bookmakers, whose odds, choice of events, quality of service, and customer support are on a par with international ones. The main currency that bookmakers accept for bets at their betting shops is the local lira. Bookmakers that are focused on online betting and attracting players from other countries allow you to open your account in dollars, euros, and Russian rubles. Betting shops simplify depositing funds and withdrawing winnings. You can deposit or receive money in cash directly at one of the shops. In addition to cash, you can make a deposit using a bank transfer, payment card, or e-wallet. You can find detailed information on depositing funds and withdrawing winnings in your bookmaker’s user agreement. The ratings of these bookmakers will allow you to select a reliable and responsible partner for a successful and enjoyable game.
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