Online Casinos Latvia: Legal or Not?
Online gambling Latvia is allowed for players aged 21 and higher, at locally licensed legal online casinos. Although licencing an online casino is costly, local gambling taxes are pretty favourable, resulting in a striking number of locally licensed online casinos in the country. However, while Latvian online casinos are at liberty to operate on the country’s territory, some of the most prominent international casinos are prohibited from offering their services in the country.
As of November 2019, the Latvian parliament decided to approve higher gambling taxis for land-based casinos. This proposal will come into effect on 1 January 2020, and it will impact slot machines, roulettes, dice games, and card games, respectively.
The majority of gambling tax proceeds are to be allotted to the country's national budget. While the initial parliament proposal suggested 90% of proceeds should go to the state, the agreed percentage landed on 95%. The remaining 5% of the funds will go to the tax-collectible regions.
And, where's Latvia's online gambling in this? The online gambling market in Latvia won't be affected by these measures as the Latvian parliament chooses not to make any changes to the iGaming laws.
Play for Real at Online Casino Latvia
Online gambling in Latvia is regulated by the Lotteries and Gambling Supervisory Inspection. And, even though Latvian gambling law is strict, unlicenced online casinos always find a way to become a part of the Latvian gambling community.
When playing for real at such online casinos, punters are not at risk of being prosecuted by the police. Furthermore, playing at an unlicenced online casino Latvia doesn’t foresee any fines or jail sentences for gamblers. Still, it is advisable players stay clear from such platforms and choose suitable gambling platforms. The best way to play at online casinos in this country is to either choose locally licensed gambling platforms or opt for reputable offshore ones.
History of Gambling in Latvia
Set in the Baltic region, Latvia is one of the most culturally rich European countries. Unlike some of its European neighbors, Latvia features some of the most favourable gambling market conditions.
Not that long ago, things were different for Latvian players. All games excluding lottery were fully banned in the country. Things changed for Latvia when the country claimed its independence from the Soviet Union. It was 1993 when the first gambling law was adopted. Per the law, land-based casinos got permission to offer their services. A decade later, in 2003, Latvia got its online gambling law, making it completely legal to play at web casinos. However, there have been significant alterations to the Latvian gambling law, raising the players’ age limit from 18 to 21. Other than that, the Latvian government started prohibiting unlicensed casino websites from use.
The Newest Changes in Online Casino Latvia Sky
In 2017, Riga City Council banned all gambling activities in the historical part of the capital. Although the ban is reduced to brick-and-mortar gameplay only, it still affects Latvian players. The only gambling facilities that are allowed to continue their operations are the four- and five-star hotels. Furthermore, the general opinion is that this decision is to influence the further development of Latvian gambling market significantly.
However, owing to progressive legislation, Latvia based online casino sector shows stable growth. Favourable tax climate is also one of the reasons a number of iGaming giants are attracted to opening their branches in Latvia. To illustrate, in 2017, Playtech has launched the biggest live dealer online casino facilities in the world based in Riga.
What Best Latvian Online Casinos Have in Common?
Although essentially different in the types of games they offer, how they approach players, the benefits they display, etc. the best online casinos meet at the same point when it comes to the quality of their offer and features available. The casinos we’ve selected for you all feature similar characteristics and are trustworthy platforms for you to test.
How to know if an online casino Latvia is the place to play at? Essentially, one of the most critical aspects of the safe play is checking whether your casino of choice has any of the vital casino licences: the United Kingdom, Isle of Man, Malta, or Alderney. Another cue the casino trustworthy is if eCOGRA approves it.
Furthermore, make sure the casinos have proper customer support. Top-rated Latvian casinos online feature support 24/7.
Other than that, make sure your casino of choice accepts Euro, for making gambling deposits. Also, check what types of credit cards, prepaid cards, mobile wallets, e-payment gateways, and cryptocurrencies is your casino of choice supporting. The better the casino, the more payment options available. Rich gaming libraries packed with an abundance of game types such as slots, table games, video poker variants, live dealer tables, instant-win games, etc. and powered by prominent software leaders like Microgaming, Playtech, NetEnt, and others are yet another cue the casino’s worthy of your time and luck.
Play at Online Casino Latvia Today
When you want to try your luck at an online casino, the best way to do it is to play at reputable and tested gaming platforms. Choose from our list what seem to be the best online casino options!