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Latvia has enjoyed a fully legal and regulated online gambling market since 2013, and there are several top online Latvia casinos where you can enjoy a variety of games from leading providers, exciting bonuses and promotions and superb customer support. Read on to learn all about online gambling in Latvia, taxes, payment methods and where to find the best online casino Latvia.
Top Latvia Casinos
Introduction To Latvia Casinos Online
Latvia hasn’t always enjoyed a liberal gambling arena. In the early days, the government restrictions on gambling meant that Latvians weren’t that bothered with gambling. But when the country restored its independence in 1990, the casino industry really began to take off, and the first land-based Latvian casino opened its doors.
At this time, there wasn’t a government licensing body, so many of the land-based casinos were operating in somewhat of a grey zone, with many operators leaving the country in 1994 once the government started claiming a large tax revenue.
Things began to turn around in 1998, though, with the formation of the Lotteries and Gambling Supervisory Inspection body. The authority was put in charge of regulating all lottery and gambling countries within Latvian borders.
Legalities of a Latvia Online Casino
Today, Latvia is a thriving EU member with a flourishing online casino market. Provided Latvia casinos are regulated by the Lotteries and Gambling Supervisory Authority and/or other popular regulatory bodies like the Malta Gaming Authority and UK Gambling Commission, you’re in safe and legal virtual hands.
Online Latvia casinos were legalised in 2005 and any of the top sites you’ll find on this page must be licensed to operate within the country. There are two primary types of gaming licences in Latvia: one for online casinos and sportsbooks only, and one for both online and land-based establishments.
Adopted in May 2011, Latvia’s Electronic Communications Law makes it possible for regulatory authorities to instruct the country’s internet service providers to block unlicensed casino operators. What’s more, under the Credit Institutions Law, payments may also be blocked.
Licence and Jurisdiction
As we’ve mentioned, Latvia’s Lotteries and Gambling Supervision Inspection authority are responsible for the regulation of gambling in the country. Under Latvia’s gambling laws, any operators with a valid licence from the authority are permitted to offer their services. Players must be 18 years or older to take part in gambling at online Latvia casinos.
Whether you gamble in a land-based casino or online Latvia casinos, prepare for your winnings to be taxed. The rate depends on which games you play, but for online games, you can expect to pay around 10% of your winnings in tax.
Language is an important thing to consider when choosing the best Latvia casinos. Since the gambling arena is legal in the country, Latvian is a popular language on these sites. There are plenty of other languages, too, with offshore casinos offering multiple options, like English, German, Dutch and Italian.
Gambling In an Online Casino Latvia
|Types of Gambling||Description|
|Poker and Table Games||Top Latvia casinos offer an array of poker games, roulette, blackjack and baccarat options. Poker is especially popular, with many variants such as No Limit Texas Hold’em, Oasis Poker, Omaha Hold’em and Four Card Poker, to name a few.|
|Latvian Lotteries||Latvia’s state-owned national lottery is called Latvijas Loto, and it offers several popular lotteries, including Loto 5, Latloto, Vikinglotto, Joker 7 and Eurojackpot. There are over 760 lottery vendors in the country.|
|Latvian Bingo Halls||One of the largest slot casino chains in the country, Zilais Dimants, operates two bingo halls: one in Daugavpils and one in Riga. There are a few others scattered around the country.|
|Sports Betting||Latvians love to bet on football and ice hockey and can do so both in betting shops and at online bookmakers. There are plenty of other popular sports to bet on, too.|
|Horse Betting||While horse racing hasn’t had much popularity since Latvia’s Hippodrome closed in 1965, things are looking up for greyhound race betting, especially at regulated online sportsbooks.|
Banking for Top Online Casino Latvia
Latvia’s official currency is the Euro. Joining the European Union was a difficult process for the country, but it succeeded and adopted the currency in 2014, and now Latvia casinos accept Euros and other currencies, making deposits and withdrawals a breeze for players.
Players in the country can make transactions to Visa casinos and Mastercard, while options such as Skrill casinos, Neteller,Paysafecard and Paypal sites are also available. If you value betting under the radar, a Crypto casino could also be a great choice. A bank transfer can also be used, in case you are more of an old-school gambler.
Always, always read the fine print before you claim any bonus at Latvia casinos. Every promotion includes terms, conditions and wagering requirements you need to meet before you can withdraw your bonus funds and winnings. Taking a few moments to read the terms will save you any surprises down the line.
Common bonus terms and conditions include: Wagering requirements, minimum deposit, maximum cashout amount, minimum and maximum bets, validity period, applicable games and deposit/payment method restrictions.
Fast Payouts At an Online Casino Latvia
Whether you score a big win or simply want to cash out your winnings, you’ll want to get your hands on your funds as quick as you can. To enjoy fast payout casinos, look for two important factors: payment options and withdrawal processing times.
The processing time refers to how long it takes the casino to approve your payout request. The best Online Casino Latvia take 24 hours or less to authorise withdrawals, provided you’ve completed an account verification.
Account verification involves submitting copies of your identity and proof of address and is often referred to as a KYC procedure (Know Your Customer).
You’ll usually find the cashout times mentioned on a casino’s payment page, and these times can differ from one operator to the next and depending on your preferred withdrawal payment method. The fastest ways to get your winnings are by using e-wallets like on ecoPayz casinos, Skrill or Neteller. Cryptocurrencies are also extremely quick.
Credit or debit cards along with bank transfers can take as long as 5 or more working days to process, and then you have to wait a few more days for the funds to reflect in your account.
Remember to check if your chosen withdrawal payment method charges any transaction fees (both for casino deposits and withdrawals). While the casino operators don’t commonly charge transaction fees, there are a few out there that do if you’re withdrawing over a certain amount. It’s just something to consider before choosing a casino and choosing a payment method at Latvia casinos.
It’s also worth keeping in mind that online casinos will not let you withdraw your funds until you’ve met any bonus or promotion wagering requirements. There are also different minimum and maximum cashout limits to adhere to. But as long as you play at regulated online casinos in Latvia, you can rest assured you’ll receive your funds in full and in a timely manner.
Bitcoin Latvia Casinos
Latvian players remember with pride the year 2018 when cryptocurrency first appeared on the list of available gambling payment methods at online Latvia casinos. There are plenty of start-ups in the local market that specialise in blockchain technology, and the government has begun to issue licenses to companies and entrepreneurs who are keen to launch crypto coins.
With so much interest in cryptocurrencies, more and more top Latvian online casinos started to accept digital currencies along with regular currencies like USD and EUR. When you play at online Latvia casinos, chances are there will be at least one or more crypto payment options.
Litecoin, Bitcoin casinos, Ethereum and the like offer instant payments and no fees, along with an incredibly high level of protection and anonymity, making it difficult for anyone to track your gambling activities, which is handy when you wish to play at offshore online casinos.
Promotions At Latvia Casinos
With a thriving economy and gambling market, players at Latvia casinos can look forward to being showered with all sorts of bonuses and offers that stretch your budget and gameplay. These casino bonuses are by no means free money, and they pretty much always come with terms and conditions you need to follow, or you risk forfeiting your bonus funds and any winnings you make of them.
|Bonus||What It Is|
|Welcome Bonus||Casinos use welcome bonuses to attract new players, so they’re usually a juicy offer with the chance to double, or even triple your initial bankroll up to a certain amount. Welcome bonuses very often come with free spins, too.|
|Free Spins||If you like spinning the slot reels, you love free spins. They’re common at top Latvia casinos as part of a bonus or as a standalone promotion and can usually be played on certain slot titles.|
|Reload Bonus||Also called a match bonus, this is a bonus the casino gifts players for reloading their casino account, usually up to a certain percentage or amount.|
|No Deposit Bonus||Rare but possible, no deposit bonuses are awarded to players who create a new account with a casino. There’s no need to make a deposit, but these bonuses often come with high wagering requirements.|
|Cashback Bonus||Casinos know that things don’t always go your way, which is why they’ll run cashback promotions where you stand to receive a percentage of your lost wagers back.|
|Loyalty/VIP Bonus||Top Latvian online casinos run loyalty and VIP programmes where you can look forward to bigger and better rewards the more you play. These include exclusive bonuses, free spins and even a dedicated account host.|
Latvia Mobile Casinos
Online casinos that are optimised for mobile play are a must these days. All the best online Latvia casinos offer fully functional mobile sites that work on tablets and smartphones. The games are optimised to work on smaller screens without lag or glitches, for a slick on-the-go gambling experience. There are also several online casinos in Latvia that have a mobile app designed for iOS and Android devices.
Latvian casino players can enjoy all the benefits of mobile casinos as they’d get on the desktop sites. They can sign up, claim bonuses, make payments, earn loyalty points and play all their favourite games anywhere and anytime – just make sure there’s a secure and reliable data or WiFi connection.
Yes, Latvia enjoys a legal, regulated online gambling market and players can play at licensed, above-board online casinos.
Latvia uses the Euro, which is accepted at all major online casinos. Many Latvia casinos also accept cryptocurrencies. All licensed casinos that accept Latvian players also offer their websites and customer support in their native tongue.
Yes, regulated online casinos in Latvia regularly have their games audited for fairness and RTPs, and these audits are done by independent companies.
Yes, under Latvian laws, all gambling winnings over 3000 Euros are subject to 23% taxation. If you win more than 50,000 Euros during the tax year, you’ll be taxed 31.4% of your winnings.
Yes, provided they are regulated by Latvia’s government. Offshore casinos should hold licenses from the likes of Curacao eGaming, the Malta Gaming Authority and the UK Gambling Commission.
Latvian players can pay and play using a variety of payment methods, including prepaid cards, e-wallets, mobile payment processors, debit and credit cards, cryptocurrencies and bank transfers. Be aware that not all deposit methods are eligible for bonuses or are available for withdrawals.
It mostly depends on the casino, but most online casinos offer 24/7 customer support via different communication channels, such as live chat, email, telephone and social media.
If there is no Latvian flag at your chosen online casino, you can always translate the webpage into Latvian with the help of a browser-based plugin or translation tool.