Online Casino Regulation in Lithuania: Are Online Casinos Legal?
Since 2016, online gambling and casinos have remained legal, and gambling sites targeting Lithuanian players can obtain proper licenses from the Gaming Control Authority.
Therefore, before you begin, you must make sure that the casino accepts players from Lithuania. However, the laws aren’t stringent, and players that have stumbled onto unlicensed gambling sites are not prosecuted. The authorities try to block unlicensed sites, but it hasn’t been very effective.
Therefore, there aren’t many licensed local online casinos. However, Lithuania is one of the European countries that allow gambling. As a result, its legislation is completely EU-compliant since the new purely online gambling licenses were introduced in 2021. Based on the law, you have to be 21 or older before you can gamble at an online casino in Lithuania. Hence, it is not a surprise the fact that the best EU casinos are available for Lithuanian players.
Deposit and Withdrawal Limits at Lithuania Casinos
There are no general limits to deposits and withdrawals for players in Lithuania. These limits are based on the casino’s regulations and terms. Therefore, you might want to consider the deposit and withdrawal limits whenever you choose the best Lithuanian real money casino.
Online Casino Licenses in Lithuania
The Gaming Control Authority, a division under the Ministry of Finance, issues gambling licenses to operators that want to target players in the country. Online gambling in this country remains legal, and the 2021 update to the gambling laws now allows foreign operators to obtain online casino licenses.
Responsible gambling in Lithuania
A number of players are problem gamblers, which can be an issue, especially with increased access to gambling platforms. Therefore, responsible gambling has become a big part of the industry. Most of them require responsible gambling tools to help tackle these issues. In that case, the best new online casinos in Lithuania offer responsible gambling features to players.
Helpline for problem gamblers in Lithuania
The Lithuanian gambling authority also partners with responsible gambling firms like Gordon Moody, which offers gambling therapy to problem gamblers. The platform offers a multilingual helpline and support groups to help players with the most issues. It is also a platform where you can learn more.
Taxation on Lithuanian Online Casino Winnings
The Lithuanian taxation laws on winnings vary based on the gambling form you play. For lottery winnings, the tax rate is 5%. For online casino winnings, the tax rates are fixed. However, they come in different categories.
- For gambling machines Category A, the fixed fee is €260 per month.
- For gambling machines Category B, the fixed fee is €130 per month.
- For table games, the fixed fee is €2300 per month.
Casino Bonuses in Lithuania
Lithuania is one of the safe havens for casino players, and as a result, the country has enough casinos that offer players different bonuses. Below is a list of the best bonuses you’ll enjoy while playing at a real money casino.
At most casinos in this country, you will find at least one of these bonuses available to new and existing players.
Bonus Wagering Requirements
The bonus wagering requirements depend on the casino and the bonus offer you want to claim. Therefore, before you claim any offer, you should go through the bonus terms. It can even be on your list of factors when choosing a casino.
Best Payment Methods in Lithuania Casinos
Funding your casino account is a crucial part of the online gambling journey. In that case, casinos with the best payment methods are at the top of the list. See the list below for the best payment methods for players from Lithuania.
- Debit/Credit Cards
- Mobiamo
- Permo
- Maxima
- Paypost
- Narvesen
- SEPA
- Bank Transfer
- Mint
Online casinos with one or more payment methods are perfect for players in this country to start playing their favourite casino games.
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