Find banking partners for your Estonia online sportsbook or casino

With an estimated GGR of €170 million in 2022 and projected revenue of €173 million in 2023, Estonia’s iGaming industry is looking buoyant. And, with a compound annual growth rate of 6.08% until 2027, the future looks bright for Estonia’s iGaming industry.  

‍

Challenges for online gaming firms in Estonia

Estonia is one of the leading adopters of digital technology worldwide. However, many traditional banks continue to view gambling companies as ‘high risk’, so online casinos and sportsbooks often struggle to open a payment account in the country.

‍

Who regulates online gaming in Estonia?

The Estonian Tax and Customs Board regulates the iGaming sector in the country, and it issues licenses to companies that are registered in either Estonia or the EU. A key requirement is having share capital of at least €1 million for most games of chance, plus fees of €47,940 for most license types.

Discover Estonian banking solutions with iGaming Core

If you would like to open an online casino or bookmaker in Estonia, you’ll need access to a bank, electronic money institution of another payment account. iGaming Core helps you find suitable banking solutions for operating an iGaming business in Estonia by:

• Learning about your operations, business structure, license and target market
•  Advising you on the right payment accounts for your needs in Estonia/the EU
• Finding a partner to process payments for your Estonian iGaming business
• Introducing you to Estonian compliance consultants

‍

Estonia online card processing for bookmakers

When gambling online, the most popular payment methods in Estonia are credit and debit cards, Trustly and bank transfer. A popular instant bank transfer process is available with all major Estonian banks, such as Nordea, SEB and Swedbank.

Contact us today and launch your Estonia iGaming business with confidence.