Access our Network of Banks for your Lithuanian Casino
iGaming in Lithuania is going from strength to strength. According to 2022 statistics, the country’s GGR hit €195.8m, of which 62% was wagered online. And the future looks bright, with the market for online sports betting and online casinos projected to expand by 8% and 4.1% respectively – making this an exciting opportunity for iGaming firms.
Despite the evident popularity of online gaming in Lithuania, the process of applying for a license continues to be relatively slow. As a consequence, many Lithuanians gamble on websites abroad, even though this is illegal. It can also be difficult for firms based in the country to access payment accounts, since the industry is still relatively young and many local banks are wary of the gambling industry.
The Gaming Control Authority oversees licensing for online gaming firms in Lithuania. Companies who wish to offer remote gaming in Lithuania must have a physical presence in the county, and also have share capital of around half a million euros.
If you would like to apply for a Lithuanian iGaming license, you will need a payment account to make and receive payments from local gamers. And this is where iGaming Core helps. Our network of partners and in-house experts help by:
As citizens of one of the most digitally advanced nations on Earth, Lithuanians are most comfortable making deposits with online casinos and bookmakers via e-wallets such as Skrill, Epay and Qiwi. That said, most major international debit and credit cards are also widespread.
Contact us today to start accepting payments to your Lithuanian iGaming website
13%
Tax on GGY for online gaming firms in Lithuania
2016
The year online gaming was legalised in Lithuania
43.8%
Increase in gambling in Lithuania between 2021 and 2022.
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