Best Lithuanian Bookmakers in 2023
Bookmakers in Lithuania
The betting market is seeing active development not only in Europe but also in the CIS. Lithuania is one of the largest representatives of the CIS and Baltic states. Sports betting services are provided by European bookmakers that operate under an offshore license issued on the Isle of Man, in Curacao, or elsewhere.
Internationally licensed Russian and European bookmakers operate 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 that offers good withdrawal options.
Legality of the Bookmaking Business
There is no ban on bookmaking in Lithuania. However, there are a number of companies that are blacklisted and blocked by regulatory authorities. There is a developed network of bookmakers operating betting shops and bookmakers specializing in online betting in the region. Since Lithuania is part of the EU, both local bookmakers and those registered in Europe are present in the country.
A bookmaker license is issued by the Controlling Gambling Authority, which is subordinate to the Ministry of Finance. The good news for players is that betters do not have to pay taxes on winnings.
Lithuania is one of the largest representatives of the Baltic states and is part of the EU. Local bookmakers and betting companies that are registered in any of the EU countries are allowed in the country. Among the local bookmakers are TopSport, Omnibet, Orakulus, and Baltic Bet. As for the major international bookmakers, the most popular are Bet365, 1xBet, LeoVegas Sportsbook, Marathonbet, Unibet, and Paddy Power.
You can find a list of bookmakers that are officially banned in Lithuania on the GCA (Gambling Control Authority) website.
How to Choose a Bookmaker for Betting
The Bookmaker Expert website presents the best bookmakers that accept players from Lithuania. When compiling these ratings, we took into account:
– Possession of a license, in this case, issued in Lithuania or the EU.
– The option to open an account in the national currency.
– Time needed for processing bets and withdrawal requests. It usually takes no more than 12 to 36 hours to process a request and transfer funds. There are bookmakers that offer the instant withdrawal of winnings.
– Availability of customer support and communication methods.
We consider reviews from real players as well, and mobile applications are no less important factors in compiling the ratings since they simplify operating activities and accept bets online easily.
The main betting currency for players from Lithuania is the euro, but a number of bookmakers will also accept bets in US dollars and British pounds. Players have access to local bookmakers, officially approved foreign bookmakers, and offshore bookmakers that are available through working mirrors.
The players don’t need to pay taxes at all on their winnings.
Yes, it is. However, there are a number of operators that are blacklisted and blocked by regulatory authorities.
The main betting currency for players from Lithuania is the euro.