Best Online Casinos Lithuania - Top LT Casino Sites 2022
Lithuania in the Baltic region of Northern Europe considers the gambling industry legitimate. The last legalization in the Republic of Lithuania took place in 2001, and sports betting, slot machines, and bingo services are very popular in the country.
Offline casinos are also widely developed, with more than 60 establishments operating in the territory of Lithuania. Most of the casinos are owned by the largest Olympic Casino operator. Although Lithuania has strict legal restrictions on online casinos, betting sites are widely accepted in the Republic of Lithuania and most Ludhiana bettors have easy access to these platforms.
Gambling Laws in Lithuania
The gambling industry in Lithuania is regulated by the Gambling Control Authority of the Ministry of Finance headed by Virginijus Daukšys. When the Republic of Lithuania gained independence in 1990, the gambling industry was legalized, but in 1994 the state issued a ban on this type of entertainment.
However, in 2001, the Gambling Law was passed. Legitimate gambling games in Lithuania include Lottery, casino table games, card games, slot machines, betting, and bingo.
The process of legalizing the gambling entertainment industry is very difficult and takes a long time. The Catholic Church in Lithuania strongly opposed this new rule. Although the gambling ban has seriously affected tourism in Lithuania.
In 2016, the Lithuanian government decided to tighten the law and passed an amendment to the Games Act. Under the new law, all online casinos must have a license and pay taxes to the Game Control Authority. For unlicensed online casinos will be blocked on the territory of Lithuania.
Gambling Events in Lithuania
When Lithuania became part of the Soviet Union in the 1940s, all forms of entertainment related to gambling were prohibited.
The situation changed in the 1990s after Lithuania became an independent country. At that time, no gambling laws were enacted so gambling, although not legally approved, was not banned, and the first casinos began to appear in Lithuania.
At that time, the activities of offline casinos were not strictly controlled and they did not have to pay any taxes, even all ages were gambling.
For the Catholic Church, the Ludhiana government approved the first Games Act in 2001 to create a safe gambling marketplace. After that, all offline casinos are required to have a license and pay taxes.
At the same time, the top online casinos in Lithuania are unregulated, and any Luthianian can entertain themselves at these online platforms. However, after 2016, things changed.
Since 2013, a new casino has been opened in Lithuania. In the Baltic state, total casino revenue has continued to grow by almost 7% over the two years, bringing total revenue to € 31 million.
In order to obtain remote licensing by the Game Authority in Lithuania, game operators must have a ground-based facility.
Since the first online casino and betting license was issued in early 2016, Lithuanian authorities have started blacklisting sites offering illegal gambling services to protect the domestic gambling market.
Currently, Lithuania does not have any company that develops gaming software. However, MrSlotty and Tom Horn Gaming have active subsidiaries in Lithuania.
At most of Lithuania's online casinos, the bar methods are provided with high security and all transactions are completely transparent. Accordingly, VISA and MasterCard are the most popular forms of payment. Besides, e-wallets such as Skrill, Neteller, Paysera, PayPal or PaySafeCard are also trusted and chosen by many Ludhiana players.