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The Sports Betting Market in Lithuania

In this guide to online sports betting in Lithuania, you can first find a brief historical overview. Next is an overview of the status of the online market along with the taxation you could be liable for.

We then discuss the accessibility, particularly of foreign sites, for Lithuanian bettors – before finishing up with future thoughts on the industry.

Betting Sites in Lithuania – February 2024

4.5/5
Rated by 413 users
Claimed by 835 people this week
Get 50% Up To $1000
Terms and conditions: The bonus code is only valid for a new customer's first deposit and must be redeemed immediately after the deposit and before a wager has been placed. The sum of the deposit and the bonus are subject to rollover requirements of 8x at min. odds of -200 (1.5) before a new bonus can be redeemed or a withdrawal can be made. Max. $1000 of each bet count towards the rollover requirements. Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Bank Transfer
Neteller
Paysafecard
Skrill
Bitcoin
+5

Average Payout Speed

0 – 24 Hours

Currencies

  • AUD
  • CAD
  • USD
  • Competitive sign-up and promotional offers
  • Excellent statistics section to aid customers
  • Pain-free deposit options
  • Accepts both high and low limit bettors
  • Lengthy and expensive withdrawal procedure
4.5/5
Rated by 267 users
Claimed by 718 people this week
125% up to $3,125
Terms and conditions: Terms and Conditions apply. – Terms apply
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Payment Options

VISA
Master Card
Bitcoin
American Express
Moneygram
Ethereum
Litecoin

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • LTC
  • ETH
  • Premier destination for US bettors
  • Racebook covering daily races
  • Esports and virtual sports markets
  • In-depth sports stats and tips
  • Intuitive live betting markets
  • Limited withdrawal options
4.57/5
Rated by 413 users
Claimed by 576 people this week
100% Up To $1000
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

Bitcoin
BitcoinCash
Master Card
Person to Person
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • LTC
  • USD
  • Generous bonuses and promotions
  • Great range of betting markets
  • Extensive racebook
  • Very good customer service
  • Only a few withdrawal options
  • Fees for withdrawing funds
4.62/5
Rated by 413 users
Claimed by 626 people this week
100% Up to $1000 + $25 casino chip
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

VISA
Master Card
Bitcoin

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • Trusted by publications such as ESPN
  • Access a dedicated racing section
  • Crypto-friendly sportsbook
  • Adjust odds format and time zone
  • Support options include call back
  • Quite low sportsbook limits
4.5/5
Rated by 413 users
Claimed by 484 people this week
50% Up To $1000
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

Bank Wire
Bitcoin
Cheque
Discover
Master Card
Neteller
Skrill
+1

Average Payout Speed

0 – 24 Hours

Currencies

  • USD
  • Accepts players from all over the world
  • Known for their live betting offers
  • Lots of secure banking options
  • Great bonuses and promotions
  • High fees for some deposit options
  • Support agents are often slow to reply
4.5/5
Rated by 313 users
Claimed by 326 people this week
50% Up to $250
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

Amex
Bitcoin
Master Card
Rapidtransfer
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • BTC
  • Top-rated US online sportsbook
  • Mobile site for iOS and Android users
  • Diverse range of betting markets
  • Excellent customer support options
  • Lines come out very late in the day
  • Odds not as favorable as other books
4.5/5
Rated by 232 users
Claimed by 301 people this week
15% up to $600
Terms and conditions: Terms and Conditions apply. – Terms apply
Show More Details Show Less Details

Payment Options

Amex
Bank Wire
Bitcoin
Cheque
Master Card
Neteller
VISA

Average Payout Speed

0 – 24 Hours

Currencies

  • BPS
  • CAD
  • EUR
  • Popular book that accepts large max bets
  • Huge focus on football and basketball
  • High-spec live in-play platform available
  • Downloadable client for Windows & Mac
  • Odds are not amazing on non-US sports
  • User interface could be improved

Intense Rivalry Between Sports Betting Firms in Lithuania

Lithuania was one of the later European states to enforce gambling legislation, and currently is very open when it comes to online betting. The country is the largest of all the Baltic States, located in North Europe with many neighbours including Russia.

As a result of occupation by Russian forces at the end of World War II, Lithuania became a part of the Soviet Union for much of the 20th Century. In the wake of the European collapse of communism in 1989, Lithuania became the first state to break away from the USSR on March 11th 1990 and declare independence. Lithuania joined the EU in 2004 and will adopt the Euro as its currency, replacing Litas, in 2015.

The first gambling laws came into Lithuania in 2001 [1]. Before this, while betting did take place in the country it was done so illegally and on a very small scale. The majority of illegal betting was based around football matches, which remains a the most popular market today.

After 2001 legal betting shops began to appear, with TopSport being the first company to open a shop in 2002 in Kanus [2]. The other three operators in the country are Omnibet, Orakulus and Baltic Bet.

Since the law was first introduced there have been many amendments on it, although these have primarily focused on the taxation applied to the operators and there has been no real change to the activity of ‘bricks and mortar’ sports-betting. While the same four domestic companies continue to operate, with no competition from the larger UK and German bookmakers, there has been intense competition provided by online sites.

Lithuanian’s Have Free Reign To Bet Online

In the 2001 legislation and amendments since, there has been no mention of online betting and with no restrictions Lithuanians are free to use whichever sites they wish. This means if you are in Lithuania you have a full range to choose from, including local operators, large UK companies or lesser known operators. This flexibility allows you to pick what is important to you in a site.

When choosing a site ensure you first check the terms and conditions to ensure they accept Lithuanian players, although in most cases this will not be a problem. Make sure the site is repeatable, which can be simply done by checking that it is licensed (preferably in the EU), seeing how long it has been operating and checking out site reviews. After this see what value you can get from the site which comes in two ways.

Firstly see what bonuses and/or free bets are on offer, along with how much you need to wager and minimum odds you have to bet in order to withdraw or use these bonuses. Then look at how they price events to see how they compare with the competition.

If you are interested in markets that offer several each way places, for example horse racing or golf, check too to see how many places the site typically pays and what fraction of the odds does a place offer.

While there are many good opportunities at present to take advantage of the open online market, be aware this could soon change. In 2013 a draft law was proposed to tighten up online gambling in Lithuania [3], which included the condition that online sites had to have a physical presence in the country, ensuring the domestic companies TopSport, Orakuluas and Omnibet, will dominate the market.

In early 2014 this legislation was put to the European Commission who said in May 2014 they would respond later in the year. There is yet to be a response at the time of writing.

Flag of Lithuania

All Winnings Are Tax Free For Lithuanian Sports Bettors

There are currently no taxes applied to gambling winnings in Lithuania. In the new proposed legislation it appears nothing will change, with the licensed operators being liable to pay taxes on revenues yet no deductions on any winnings for the public.

If You’re Looking Abroad for Online Bookmakers, Currency and Language May Be a Problem

Unfortunately while there are many sites willing to take custom from Lithuania there are not many providing a Lithuanian translation of their site. Therefore you usually have to either find another language you are comfortable using or rely on your browser’s translation tools if this is an option.

Equally you are hard pressed to find sites taking Litas, so you will normally be forced to transfer your funds and wager in Euro. Most sites take care of this with no problems although you could lose value a bit in the transfer, depending on currency markets.

One option to avoid too many currency exchanges, particularly if you have accounts a lot of online sites, is to make use of an e-wallet like NETeller or Skrill. This allows you to hold your online funds in Euros, allowing for fast transfers and cutting down on exchanges. Of course credit and debit cards are also accepted like MasterCard or Visa, as well as prepaid options if you prefer.

Of course if you use a domestic site like TopSport, this is focused on Lithuanian customers so you will not have to worry about translations or conversions.

Future of the Lithuanian Market in the Hands of the Commission

The fate of online sports betting, and other gambling, is currently in the hands of the European Commission. While Europe tends to prefer open markets they have been known to support countries ISP blocks on sites if it has been felt to benefit the market overall and protect the citizens.

If an ISP block does happen on unlicensed sites then it is not been as simple process and many countries have been unsuccessful in preventing black and grey markets forming, which foreign sites have still been able to provide their services. Whichever way it turns up, there will likely be a notice period before any changes take place.

References

[1] Overview of 2001 laws – FAY

[2] About Us – Bet Top Sport

[3] Lithuania moves to tighten online gaming supervision – Lithuania Tribune