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Best Online Casinos In Armenia

Armenia, though among the most famous European nations, is one of the most loved destinations for casino gameplay. Casinos have emerged as a popular alternative to sports gambling in Armenia, offering unique features and experiences. Their allure lies in the diversity and excitement they provide. Here, we go through the Armenian casino history, what to expect tax-wise, and the best casinos available.

History of casino gambling in Armenia

Armenia's journey with casino gambling began post-1991, following the country's independence. Initially, the industry was regulated under the Law of the Republic of Armenia on Games of Chance and Casinos. This era established several large casinos and smaller slot halls alongside the Armenian Nationwide Lottery operated by TotoGaming.

With the advent of the internet, online gambling gained legality in 2004. TotoGaming, a dominant domestic company, now holds a significant presence in the digital gambling market, offering various online gambling forms.

However, the popularity of gambling, especially among the less affluent, has led to stricter regulations to mitigate its negative effects. This includes self-exclusion options akin to practices in European countries.

Despite these challenges, gambling remains a substantial revenue source for the government, with casinos being heavily taxed alongside tobacco products and alcohol.

How are online casinos regulated in Armenia?

In Armenia, the Ministry of Finance oversees online casino regulation. Operators must obtain a gambling license to provide their services legally. The Law of The Republic of Armenia on Licensing details the licensing process.

Interestingly, online platforms operated by casinos are often licensed in other countries, creating a unique regulatory environment. Despite the illegality of playing on foreign-licensed sites, there's no active enforcement against such activities. This situation highlights a need for comprehensive reform to align the laws with the realities of online gambling in Armenia.

🌎 CountryArmenia
👌 LanguageArmenian
💶 CurrencyArmenian Dram (AMD)
🎰 Popular Casino GamesSlot machines, table games, poker, sports betting
⚖️ Is Gambling Legal?Yes, both land-based and online gambling are legal.
🕵️ Gambling RegulatorMinistry of Finance and State Revenue Committee
📃 Gambling TaxVaries; online gambling operators pay an annual fee
💳 Popular Payment MethodsCredit/Debit Cards, Bank Transfers, E-Wallets, Local Payment Systems

Top 5 best online casino sites in Armenia

Online gambling in Armenia is experiencing a significant rise, reflecting the country's growing interest in digital entertainment. In this article, we have identified the top 5 online casinos.

 

#1 1xBet

1xbet casino

In Armenia's vibrant online casino sector, 1xBet shines with its wide-ranging casino games, encompassing slots and live dealer options.

1xbet Overview

💰 Welcome Bonus

Up to ֏ 600000+ 150 Free Spins

🎲Popular Casino Games

Slots, Table games, Live Casino games

♠️Suppliers

Microgaming, NetEnt, Playtech

💳 Payment methods

Mobile Money, Visa, Mastercard, Bitcoin

💬 Customer Service

24/7 Live Chat, Email, Phone

⚠️ Minimum Deposit

֏ 1000

Pluses
  • Extensive selection of games
  • Diverse payment methods
  • Wide international reach.
Minuses
  • Issues with regulatory compliance in some areas.

 

 

#2 Megapari

Megapari Casino

Megapari has left a significant footprint in Armenia's casino market, offering various games, from slots to table games and live dealer scenarios.

Megapari Overview

💰 Welcome Bonus

Up to ֏120000 + 300 Free Spins

🎲Popular Casino Games

Slots, Table games, Live Casino games

♠️Suppliers

Betsoft, Playson, Quickspin, Red Tiger

💳 Payment methods

Mobile Money, Visa, Mastercard, Bitcoin

💬 Customer Service

24/7 Live Chat, Email, Phone

⚠️ Minimum Deposit

֏ 1000

Pluses
  • Broad sports betting options
  • Intuitive interface
  • Consistent promotional offers.
Minuses
  • Customer service is not efficient

 

 

#3 22Bet

22bet casino

22Bet is acclaimed in Armenia for its diverse games, including slots and live casino games. It is straightforward with attractive bonuses.

22bet Overview

💰 Welcome Bonus

Up to ֏120000 + 22 Free Spins

🎲Popular Casino Games

Slots, Table games, Live Casino games

♠️Suppliers

Big Time Gaming, Elk Studios, Nolimit City

💳 Payment methods

Mobile Money, Visa, Mastercard, Bitcoin

💬 Customer Service

24/7 Live Chat, Email, Phone

⚠️ Minimum Deposit

֏ 1000

Pluses
  • A wide array of live dealer options
  • Mobile compatibility features
  • High-quality graphics and sounds.
Minuses
  • Delays in processing withdrawals

 

 

#4 20Bet

20bet casino

In Armenia's online casino scene, 20Bet stands out for its exceptional sports betting and varied casino games. It is for Armenian players seeking a smooth online gambling experience.

20bet Overview

💰 Welcome Bonus

Up to ֏40000 + 100 Free Spins

🎲Popular Casino Games

Slots, Table games, Live Casino games

♠️Suppliers

Yggdrasil, Thunderkick, Push Gaming

💳 Payment methods

Mobile Money, Visa, Mastercard, Bitcoin

💬 Customer Service

24/7 Live Chat, Email, Phone

⚠️ Minimum Deposit

֏ 1000

Pluses
  • Engaging casino games
  • Frequent library update
  • Frequent tournaments.
Minuses
  • Not available in certain countries

 

 

#5 1Bet

1bet casino

1Bet has carved a unique niche in Armenia's casino industry, presenting a robust array of games from renowned developers.

1bet Overview

💰 Welcome Bonus

Up to ֏40000+ 100 Free Spins

🎲Popular Casino Games

Slots, Table games, Live Casino games

♠️Suppliers

Kambi, Betradar, SBTech, Ez and many more

💳 Payment methods

Cards, E-Wallets, Crypto, Bank Transfer

💬 Customer Service

24/7 Live Chat, Email, Phone

⚠️ Minimum Deposit

֏ 1000

Pluses
  • Partners with top software providers
  • Live dealer games streaming
  • User-friendly design.
Minuses
  • Terms for bonuses can be restrictive.

 

The best casinos in Armenia: Comparison

In Armenia, choosing the right casino can make all the difference. Below, we provide a detailed comparison of the best casinos in Armenia.

Casino

Welcome Bonus

Games Available

Live Games

Minimum Deposit

Withdrawal Time

1XBET betting online Bangladesh

Up to ֏ 600000+ 150 Free Spins

Slots, Table games, Live Casino games

Yes

֏ 1000

Up to 24 hours

Megapari betting online

Up to ֏120000 + 300 Free Spins

Slots, Table games, Live Casino games

Yes

֏ 500

Up to 24 hours

22bet betting online

Up to ֏120000 + 22 Free Spins

Slots, Table games, Live Casino games

Yes

֏ 1000

Up to 24 hours

20bet betting online

Up to ֏40000 + 100 Free Spins

Slots, Table games, Live Casino games

Yes

֏ 1000

Up to 48 hours

1bet betting online

֏ 1000

Slots, Table games, Live Casino games

Yes

֏ 1000

Up to 24 hours

Main Provisions of the Gambling Ordinance in Armenia

The Armenian Law on Games of Chance and Casinos outlines the legal framework for gambling in the country. Key provisions include age restrictions, with only individuals over 21 allowed to participate in casino events, a measure introduced to combat rising gambling addiction among youth.

The law also differentiates between online and land-based casinos regarding licensing and operational requirements. For instance, online gambling platforms require a separate license and are subject to specific regulations that differ from those for physical casinos. This distinction is crucial in ensuring that both forms of gambling operate within the legal boundaries set by the Armenian government.

Gambling taxes in Armenia

Financial transparency is paramount in Armenia's gambling industry. Casinos and other gambling businesses pay a fixed state duty instead of a percentage-based tax. This system, however, is under review, with plans to transition to a revenue-based taxation system.

For players, gambling winnings are taxable, with income tax applicable at a rate of 21%. These taxation policies are crucial in ensuring that the gambling industry contributes its fair share to the national economy while maintaining a level of fairness for players.

Best Armenian Roulette Sites

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1
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Payment methods accepted by online casinos in Armenia

Payments

Understanding the importance of payment methods in online casinos is crucial. These methods not only facilitate seamless transactions but also reflect the flexibility and accessibility of the casino platforms. In Armenia, online casinos offer various payment options, categorized mainly into eWallets, Credit/Debit Cards, Bank Transfers, and Other methods.

  • Mastercard Visa
    Credit and Debit Cards
  • Betting sites with bitcoin
    Cryptocurrencies
  • paysafecard
    Prepaid Cards
  • https://apostasdesportivas.tv/casas-de-apostas/us-open-2023/
    E-Wallets

Armenian players can utilize these diverse payment methods according to convenience and preference. eWallets like PayPal, Skrill, and Neteller offer quick and secure transactions, making them a popular choice for many.

Credit and Debit Cards, including Visa and MasterCard, are widely accepted for their reliability and global reach. Bank Transfers remain a trusted method for larger transactions. Additionally, cryptocurrencies and prepaid cards are gaining traction, offering anonymity and ease of use.

These varied payment options ensure that players can engage in online gambling activities easily and securely.

The most famous casino players in Armenia

Dan Bilzerian is among the most renowned figures in high-stakes poker with Armenian roots. Born in the United States, Bilzerian is of half-Armenian descent through his father. He has gained fame for his poker skills, extravagant lifestyle, and social media presence.

Bilzerian's poker career includes notable achievements, such as finishing in 180th place in the 2008 World Series of Poker Main Event. He has claimed to have won substantial amounts from poker games, including an unconfirmed claim of winning $10.8 million in a single night in 2013 and $50 million throughout 2014. These figures, though impressive, have been a subject of debate regarding their authenticity.

Besides his poker exploits, Bilzerian's connection to Armenia strengthened when he, along with his brother Adam and father Paul, took oaths to obtain Armenian citizenship and joined the Armenian Armed Forces in 2018. This move was part of a broader engagement with his Armenian heritage.

Bilzerian's fame and success in poker, combined with his Armenian heritage and engagement with the country, make him one of the most famous casino players associated with Armenia. His high-profile presence in poker and lifestyle choices have made him a well-known figure in international gambling circles.

 

Future of Armenian Online Casinos

The future of online casinos in Armenia appears promising, with market growth and expansion expectations. The high popularity of gambling in the country, coupled with a significant percentage of internet users, sets the stage for a bright future in the online casino sector. Predictions suggest an increase in the variety of games, particularly with live dealer options, and the introduction of virtual games, which are expected to revolutionize the iGaming sector.

The Armenian government's interest in regulating this sector is evident, with the Ministry of Finance overseeing licensing and control. This regulatory environment could lead to new casinos opening and issuing more licenses, enhancing the market's vibrancy. Additionally, the adoption of new, convenient digital payment methods, including cryptocurrencies, is anticipated, making transactions more accessible and efficient for players.

Furthermore, the trend towards mobile gaming is expected to continue, with more mobile-friendly casino offers becoming available. This shift aligns with global trends in online gambling, where ease of access and convenience are paramount.

Gambling addiction stats in Armenia

In Armenia, gambling addiction has become a significant concern, with the stakes made last year doubling the country's budget revenues. Over the past three years, the number of players has tripled, and the total amount of bets has increased sixfold. In 2021, about 3.3 trillion drams ($7.3 billion) worth of bets were made, indicating a growing problem. The difference between bets and winnings was about 70 billion drams ($150 million), highlighting the extent of losses incurred by players.

The Armenian government has introduced measures to combat this issue, such as prohibiting advertising for gambling establishments on radio, television, and online, except on their official websites or buildings. Additionally, a law has been proposed to allow only non-cash payments for betting shops, aiming to make the field more controlled and prevent minors from participating.

For those seeking help with gambling addiction, the National Addiction Treatment Center, supported by the Ministry of Health, offers socio-psychological services. This center provides psychological assistance to individuals with a pathological addiction to online gambling. However, only 25 people have sought support so far, mainly at the insistence of relatives.

These statistics and measures underscore the urgent need for practical solutions to address gambling addiction in Armenia. The government's efforts and the support of organizations like the National Addiction Treatment Center are crucial in helping individuals overcome this challenge.

 

Conclusion – Find the Best Online Casinos for Armenia Players

When selecting the best online casinos in Armenia, players should prioritize licensed platforms, diverse game selections, robust user experiences, secure payment options, and responsive customer support. It's also beneficial to consider casinos offering generous bonuses and mobile compatibility. Reviews and player feedback can provide additional insights. Below is a table categorizing the top Armenian casinos:

FAQ. Frequently Asked Questions
Author
James Akerele
James is a copywriter and iGaming expert with a wealth of experience in online casino gaming, sports betting and crypto. He believes every reader needs access to the right information provided in an engaging way.
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