In 2017, there were 6 ground-based and 7 licensed internet casinos, 320 slot machine establishments, and 57 sweepstakes in the country. Most gaming institutions are located in Riga.
The income from Latvian gambling has been steadily developing. From 2014 to 2016, the revenue of digital casinos in the state increased by €13 million. However, this growth is not rapid since local gambling licensing has several pitfalls.
While Latvia was part of the USSR, gaming was banned apart from the national lottery, as in other republics.
The first casinos in the country began to appear in 1991, after gaining independence. Wagering activity in Latvia was licensed, but until 1994 there was no established system. Several departments issued permits, and they did not enter the general register.
In 1994, the laws “On Gambling and Lotteries” and “On Lotteries and Gambling Fee and Tax” were passed. The norms fixed the system for paying taxes and the procedure for issuing licences.
In 1995, 2005, and 2014, several modifications were made to the legislation:
Today, receiving a gaming licenсe in Latvia is not tricky, but some nuances hinder the development of the market.
Bookmaker offices, casinos, and slot machine halls in Latvia get certification according to the same scheme, which includes 2 items:
In addition to the commission, supplementary permits may need to be paid.
The licence price is low compared to other offers, but its validity period is shorter than in many other countries — only a year. After this period, the entire procedure must be repeated.
There are a few rules for getting certified in Latvia, namely:
The authorities of Latvia are loyal to gambling, but restrictions and legislative intricacies make it necessary to calculate all steps when entering this market carefully.
The Baltic region is a promising area for modern operators of gaming businesses. Latvian rules are strict but allow almost all types of wagering activities. Although the licensing process has several restrictions, starting a project in the state is profitable and successful.
It is better to entrust professionals with creating digital platforms in a new country. A turnkey solution from Rosloto helps open an iGaming business in Latvia with minimal effort.
Our experts also offer other options, for instance:
Experienced professionals from the Rosloto studio will make your Latvian iGaming business unique. Contact our manager for help with the creation of a lucrative project.
Check the information used to contact us carefully. It is necessary for your safety.
Fraudsters can use contacts that look like ours to scam customers. Therefore, we ask you to enter only the addresses that are indicated on our official website.
Be careful! Our team is not responsible for the activities of persons using similar contact details.