Top-rated Online gambling sites in Latvia

Are you looking for a Latvian-licensed top online casino? If so, you've come to the right place. Although there are strict gambling regulations in Latvia, our team of experts have selected the best online casinos in Latvia for you to choose from.

Have a look at our listings of the best Latvian online casinos. Each operator has our mark of approval as they meet our strict standards of safety and fair play.

You can browse through casino sites licensed by the Latvian government, or have a look at a number of foreign online casinos that accept players from Latvia.

Top-rated Online gambling sites in Latvia

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Online casinos in Latvia

Online casinos in Latvia

There is a vast selection of games in online casinos in Latvia. What’s more, you can expect a solid selection of bonuses and promotions, easy to use payment methods, and around the clock customer support.

As you read on, you will learn all about gambling in Latvia, including deposit and withdrawal fees, mobile casinos, our review process, and much more.

Online casinos in Latvia
History of gambling in Latvia

History of gambling in Latvia

In early days, due to government restrictions on gambling, it was not popular at all among Latvians. However, soon after restoring its independence in 1990, gambling market in Latvia started flourishing. In 1991, the first Latvian land casino was opened.

However, as there was no government licensing body at the time, many of these establishments were operating in a gray market. 1994 saw many casino operators leave Latvia as the government tried to squeeze out massive tax revenue.

This turned for the better in 1998, when the Lotteries and Gambling Supervisory Inspection body was formed. This regulatory body is in charge of licensing and regulating all gambling and lottery companies in the country.

Gambling in Latvia Today

This paved the way for many new casino brands to enter Latvia and generate excellent tax revenue for the government. This is why in 2006, 2013, 2015 and 2016 additional amendments to the Law on Lotteries and Gambling were made. Based on these amendments, Latvia has more than 60 land casinos and many similar betting establishments today.

As far as online gambling is concerned, it was officially legalized in 2003 and final regulations were completed by 2007. Those who seek to offer gambling services through the Internet must meet certain criteria in order to acquire a license. The most important rule is that operators must be at least 51% owned by Latvians, and have headquarters on Latvian soil.

The current state of the gambling industry in Latvia is in fact better than in most countries in the world. For such a small Baltic state, it is impressive that players can legally enjoy online games by top providers such as NetEnt, Microgaming, Big Time Gaming, and so forth.

If the country allows foreign operators to acquire a license by the Latvian government while still keeping their foreign headquarters, a significant market boom can be anticipated.

History of gambling in Latvia
The future of online casinos in Latvia

The future of online casinos in Latvia

'Online casinos in Latvia' is one of the most searched terms in Latvia. There's no doubt the online casino industry in the country has grown exponentially in the last decade. However, in the last few years, the industry has been spiraling down.

For starters, online casino gambling is allowed in Latvia. But local casinos are highly regulated by the Lotteries and Gambling Supervisory Inspection of Latvia, the primary gambling regulatory body in the northeastern European country. As of 2021, Latvia has ten retail casinos and thirteen registered/licensed online casinos. While local casinos are few, the government has no grip on the hundreds of international online casinos that accept Latvian gamblers.

Just before the Covid-19 pandemic struck, the Latvian online gambling scene was blossoming. But strict regulations on taxes and withdrawal turnaround, plus the grappling effects of the pandemic, have led to a drop in gambling revenue. In a report by the Latvia Ministry of Finance, Latvia's gambling industry's revenue fell by 26% in the first six months of the pandemic.

This drop can be attributed to the loss of income due to the pandemic, but once the economy is back on its feet, forecasts show that the industry will boom once again.

Another trend that can be seen is mobile casino Latvia gaming. With the convenience of gambling while on the go, the mobile trend is here to stay. Check out the best mobile casino Latvian.

The future of online casinos in Latvia
Latvian players' favorite games

Latvian players' favorite games

As gambling in Latvia was prohibited up till late years of the previous century, Latvian casino players are now exploring the limitless options of Internet gambling and developing their preferences regarding games.

As such, players enjoy a wide variety of casino games, but also sports betting on football, basketball, tennis, and so forth.

The most popular casino games in Latvia are:

  • Video Slots
  • Progressive Jackpots
  • Roulette
  • Poker
  • Blackjack
  • Craps
  • Virtual Sports
  • Scratch Cards
Latvian players' favorite games
Payment methods in Latvia

Payment methods in Latvia

One of the reasons for the sporadic growth of the Latvian online casino industry is the flexible banking methods that allow gamblers to deposit and process withdrawals faster and securely.

Latvian casinos accept both fiat money currencies and cryptocurrency. When it comes to fiat money currency, most players use the euro, Latvia's official currency. However, there are also casinos with other currencies, including the US dollar, Canadian dollar, British pound, etc. As for cryptocurrencies, there are many bitcoin casinos in Latvia and a handful of others that accept the likes of ethereum, dogecoin, litecoin, Cardano, etc.

Latvian casinos have partnered with multiple online payment solutions to facilitate easy deposits and withdrawals to ensure that no Latvian is left out.

Players can deposit and withdraw funds via online money transfer solutions such as eWallets, credit cards, banks, and so on. Some e-Payment solutions available at Latvian casinos are:

  • Skrill
  • Neteller
  • Visa
  • MasterCard
  • PayPal
  • bank transfer
  • ecoPayz

When it comes to transaction turnaround, it all depends on the particular banking option. Most deposit and withdrawal methods offer instant deposits, while withdrawals take an average of a day if the player has verified their account.

Payment methods in Latvia
Languages at Latvian casinos

Languages at Latvian casinos

Language is an important consideration when choosing the best online casinos to join.

Now that Latvian casinos target Latvian players, Latvian is the popular language at most casinos accepting Latvian players. There are many other languages available since not all gamblers in Latvia are comfortable with Latvian. Besides, most gambling is on offshore casinos that often have multilingual languages to cater to players from all the regions.

Other languages, besides Latvian, on Latvian casinos include English, German, Chinese, Indian, French, Portuguese, Spanish, Swedish, Italian, Dutch, Ukrainian, and Russian, to mention a few. The number of available languages varies from one casino to another.

While Latvian is the default language on most casinos in the country, players are free to switch to their preferred language at any time. The language menu is typically symbolized by a flag icon. For example, Latvian will be denoted by the Latvian flag icon, while the German flag will mark German.

When it comes to customer support, some casinos offer support in Latvian and the common international languages, while others will have Latvian-speaking customer service agents only.

Languages at Latvian casinos

FAQ

Everything you need to know about casinos

Do I have to pay taxes on casino winnings in Latvia?

According to Latvian law, all gambling winnings over €3000 are subject to a tax rate of 23%. Players who earn more than €50,000 in gambling winnings over the tax year will be taxed at a rate of 31,4%. The online casinos that have a license issued by the Latvian Government are free to access for all Latvian players. Customers must pay taxes on all winnings from these casinos.

The penalty for playing at foreign online casinos that are not approved by the government is €350. Players who are caught avoiding taxes will be fined by 23% on all winnings over €3000. This is the same as the standard tax rate.

Since foreign casino sites are technically illegal, the law is not clear whether you should pay taxes on these winnings.

Can I play with Euro at Latvian online casinos?

Absolutely. The euro is the currency of choice in all European online casinos. It is also Latvia’s official currency as of 2014. Therefore, you will be free to use your native currency for deposits, withdrawals and wagering.

If you are using different currencies in your payment method and online casino, a currency conversion fee will be applied.

Is it safe to play at Latvian online casinos?

Playing at online casinos licensed and regulated by the government of Latvia is 100% legal and safe.

Casino sites based outside the country and licensed by the Malta Gaming Authority, Gibraltar Regulatory Authority or Curacao are not bound by any country law. However, they have an excellent reputation among millions of online gamers, and make sure their licensees respect dozens of fair play rules and regulations.

You can have a look at our Latvian casino reviews for more details on licensing.

Can I play for free at Latvian online casinos?

Yes, you can. Playing for free is possible at nearly all online casinos. Before you open a game, you can select “Play For Fun” or “Real Money”.

Playing for free is an excellent way of testing out games; seeing how they behave, the payout rates, and features. You have no time limits on free play, and the games’ RTP is equal as if you were playing for real. Of course, real money can’t be won in fun play.

Can I expect bonuses at online casinos in Latvia?

Bonuses and online casinos go hand in hand, Latvian or otherwise. As a player, you can expect a limitless range of bonuses coming in all shapes and sizes.

For instance, there is a welcome bonus which is popular and exclusive to new casino players; free spins promotions on certain slots, cash back bonuses that will return a portion of your lost bet, etc. Latvian online casinos also offer regular deposit match bonuses for loyal players.

Are there withdrawal fees at Latvian online casinos?

Your typical Latvian online casino will not charge any withdrawal fees when requesting a payout. There are rare exceptions, but you can always consult your online casino for more details. Typically, if fees exist, they will be present on Bank Transfer withdrawals.

However, your payment method may charge you a small transaction fee – especially if currency conversion is involved. Generally, the most popular e-wallets such as Neteller, Skrill, PayPal and paysafecard have no withdrawal fees whatsoever.

What do I need to do to receive my winnings?

It is a standard online casino policy to verify a player's identity before they can process their withdrawal. This is a security check to prevent underage gambling, money laundering and other forms of fraud.

Identity verification typically takes 24 hours. In general, casinos will ask you to send over a photographed or scanned copy of your government issued ID or passport. In addition, they will need a proof of address, which comes in the form of a utility bill addressed to you and dated 3-6 months back.

How long will it take until I receive my winnings?

Assuming you’ve verified your identity, and completed any security checks that are required by the casino, your withdrawal will generally be processed within 24 hours if using e-wallets.

Through other methods such as debit/credit cards and bank transfer you will usually have to wait 3 to 7 business days. Online casinos have no say in this – it is up to the banks to complete the transaction.

Which payment methods are available to Latvian players?

Latvian players can take advantage of plenty of payment methods such as prepaid cards, mobile payment processors, e-wallets, debit and credit cards, bank transfers and even cryptocurrency.

Here is a list of the most common secure payment methods:

  • Neteller
  • Skrill
  • VISA Debit
  • Bitcoin
  • paysafecard
  • MuchBetter
  • ecoPayz