Georgia Gambling – Sites, Law and Taxes
Georgia is a Unitary Semi-Presidential Republic with a population edging towards 4 million.
The country has faced many struggles since it gained independence after the 1991 collapse of the USSR.
It has slowly adopted western-style policies and the economy is relatively robust with tourism bringing in about $313 million in 2006.
This number has likely increased as the country continues to flourish despite the recent global economic downturn.
Under the rule of the USSR, betting in Georgia was nowhere near as prominent as it is today, having all sorts of mobile betting sites and sports available.
Georgia has since regulated the gambling industry and there are several land-based establishments such as casinos, poker rooms, bingo halls, and sports betting sites that are fully licensed and in compliance with Georgian gambling laws.
The government has made an effort to address fair play, problem gambling and underage betting in Georgia.
There are also numerous reputable online gambling companies, as well as sports betting exchanges that hold licenses here and offer their services to Georgian players.
While the licensing procedures may not be as strict as in other European markets, the authorities still have a pretty thorough vetting process which aims to attract reputable and financially capable gambling companies.
Top 10 Gambling Sites for Georgia in 22 November 2024 – Updated List
What are the Best Georgian Gambling Sites and Promotions?
Since online gambling became fully legal and regulated, many of the bookmakers by country have been obtaining Georgian gambling licenses and offering their services to customers here. As could be expected, respected names like 888, Betfair, and William Hill are all in this market with their excellent service, live betting options, e-sports betting, and a wide range of gambling bonuses.
Island Casino and 5 Dimes are offering welcome bonuses of up to $50. Georgian customers who join BetAtHome can claim €50. Party, Casino Mate, LSbet, Intertops, and Betdna will greet new Georgian customers with $100 casino bonus while €100 bonus can be yours at Buck and Butler, 7bit Casino and Casino King. Play Grand Casino will make you happy with their €2,000 in bonuses.
If poker is more up your alley then there are great sites and bonuses for you too. Bet1128, Party, Bwin and TonyBet are giving away €500. Red Kings and Red Bet will boost your account balance by up to €2,500 with their promotions.
How Regulated is the Georgian Gambling Market?
Georgian gambling laws are relatively new and they appear to be succeeding in reducing underage gambling, problem gambling, and illegal operators. The tax revenues are also increasing. The licensing process is pretty rigid and they seem to be effective at keeping out rogue operators. The land-based casinos which were once well-known to be full of school-aged children resemble proper establishments these days.
Is Gambling Legal in Georgia? What is the Legal Betting Age?
Almost all forms of wagering are legal here and there are numerous casinos, sportsbooks, and other betting establishments available both Georgia betting sites and on land. The legal age to place a bet in Georgia is 18 and it is enforced a lot more rigidly than in the past.
Does Georgia Tax Gambling Winnings?
Lottery winnings that exceed 1,000 Lari are taxed as income. Proceeds from other gambling activities are not taxed.
What Currencies and Payment Methods do Georgian Players Generally Use?
The official currency of Georgia is the Lari and it is accepted at all land-based betting establishments here. The most common and widely accepted method of payment at bookmakers by payment methods in Georgia is major credit card and debit cards.
There are also a number of eWallets such as Skrill, EcoPay, EntroPay, and Neteller that are commonly used to perform financial transactions with online betting sites. PaySafe is accepted from Georgian players at many online casinos, as are bank transfers.
Georgian players who are looking to make a deposit or withdrawal from an internet casino should be sure to check the site to see what methods of payment are accepted. You can also find this information by reading the in-depth online casino reviews at Gambling Judge. Make it a point to cash in on some of those sweet betting bonuses that are waiting to be claimed by Georgian players.