Is Online Gambling Legal in Belarus?
It is known that Belarus, as it is now, became independent in 1991. In contrast with the region’s historical view of gambling, Belarus has always had a soft spot for terrestrial casinos given the fact that there are currently 27 of them (majority located in Minsk).
The success of Belarusian casinos has been greatly enhanced with a lot of Russian tourists attracted by the country as they come in for gambling (tough gambling laws in Russia make it difficult). With loose rules, Belarus has been nicknamed ‘post-soviet Las Vegas’.
Effectuated in April 2019, the decree gave a chance for international operators to apply for licenses and legally accept bets from Belarusians. These licenses are issued by the Ministry of Taxation and Duties which last five years and cost around €4,500. However, according to gambling laws in Belarus, there is a requirement for operators to have physical presence within the country, host their website on .by domain and provide the Ministry with full remote access.
Why Belarusians Join International Sports Betting Sites
Belarus has seen around 50 sportsbooks obtain gambling licenses issued by a cheap licensing process. Nevertheless, plenty of international companies have not taken up this opportunity due to the government’s strict regulation of their operations. However, many still operate despite blocking orders from authorities that are often imposed on internet service providers (ISPs).
Why, then, given the number of legal alternatives open to them, do so many Belarusian bettors prefer placing their wagers with overseas bookmakers instead of licensed ones? In one line: They want to escape taxation.
If you bet at authorized sports gambling platforms in Belarus, then there is a 4% tax on your winnings. Due to the fact that international websites need not divulge your winnings concerning Belarusian government, all the money you win becomes yours alone.
The Future of Online Betting in Belarus
By now, Betting in Belarus has improved through changes in legislation. Cheap licensing process has been in place since Decree No. 305 took effect on April, 2019 and this means that there are more online betting options for the people of Belarusians than ever before. There is a complex process involved in the licensing and state’s strict supervision on how betting sites operate in Belarus scares away many companies from applying for licenses.
Because the government blocks many international betting sites, some bettors have found a way around this by using Virtual Private Network (VPN) and other means of payment that are non-attributable. Bettors say they prefer betting through international operators because they do not want to pay 4% tax on their winnings. Therefore, if the rules about online gambling tax remain the same, Belarusians will have no choice but to look for alternatives which can help them retain their gains privately.
What is the best betting site in Belarus? It is difficult to choose a single website because there are so many great ones. For instance, at BetByGeo.com we have done hours and hours of research to come up with the best betting sites in Belarus to help you locate what you want. These websites propose decent odds on all games ever played, nice welcoming bonuses and much more.
What are the ways to deposit funds on sports betting sites in Belarus? Credit cards and bank wire transfers from for example, Belarusbank and Belinvestbank are some of the means of payment that licensed betting sites in Belarus accept. In case you want to deposit funds in international sports betting sites operating without a license in Belarus, we recommend using e-wallets or cryptocurrencies to ensure your commercial transactions remain confidential.
Does Belarus have casinos? It is true that there exist numerous Belarusian casinos. The largest of all these casinos is Opera Casino in Minsk, the capital city of Belarus and its economic centre. Shangri-La casino launched in 2009 and was the pioneer to be given a license by the Ministry of Sport and Tourism of Belarus.
Q.How old do I have to be to gamble in Belarus? A. By law, you cannot gamble in any Belarusian casino unless you have attained 21 years. As of August 2018 when Decree No. 305 came into effect, that limit was reduced to eighteen years old. This procedure requires all gamblers to fulfill an obligatory verification and checks the document with badged on entry for every holidaymaker who appeared in a local gambling establishment for the first time