Lithuanian Litas Casinos (LTL)

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Are casinos accepting Lithuanian Litas legal and licensed?

To date, the Lithuanian law on gambling from the Baltic countries is considered the most stringent. Although the rules of opening new online casinos with Lithuanian litas and ground-based gambling halls with the same currency are not stricter than those of neighbors: in order to obtain a license, it is enough to have authorized capital and to submit an application, as well as fulfill certain security requirements in casinos and salons of slot machines and have a positive response from special services.

But because of the lack of a positive response from the special services and in this connection, the refusal to issue a license, some players left the Lithuanian gambling market to neighboring countries. Rather, they did not even leave, but transferred their assets to online structures. And therefore even though providing the ability to deposit money to casino in Lithuanian litas, these companies offer online poker rooms, online roulettes and other types of virtual incarnation of gambling out from other countries, paying taxes not to Lithuanian state but in the budget of neighbors.

Thus it turned out that gambling online games are offered to residents of Lithuania from abroad, which allows operators to escape punishment for irresponsible and sometimes non-transparent activities. But still they add LTL (ISO code of litas). And given the growing interest of gamblers to online casinos, unregulated online gambling becomes an opaque shadow economy or even a criminal part of the business. That’s why you always should visit online casinos only from such lists as our, because they are created by professionals of gambling industry, we carefully check every website, and only legal and licensed casinos are presented here.

The government of Lithuania realized that the money of their citizens simply go to those countries where online gambling is allowed. Or not prohibited. And it was immediately changed. Now only officially licensed online casinos can accept Lithuanian litas.

In which casinos can you play with Lithuanian litas?

It must be said that the gambling business faced the greatest difficulties in the territory of the former USSR. Against its legalization, the Catholic Church actively advocated, whose positions here have always been very strong. Nevertheless, gambling existed in Lithuania always, and Lithuanians, who did not want to play underground, spent their savings in neighboring Latvia. Let’s add to this, that because of the ban, the country’s tourism business lost up to half of its profits every year.

In the end, the arguments of gambling supporters won, in February 2001, the first gaming salon was opened in Lithuania, and on July 1 the law regulating it came into force. Now there are eleven casinos, twenty one salon of slot machines, one bingo salon and fifty eight bookmakers. And really a lot of online casinos, all of which accept litas, and almost all of them – US dollars.

It must be said that work to improve the gambling legislation of Lithuania is conducted from the moment of legalization of gambling business in the country. Here and now the President of Lithuania signed amendments to the Law on gambling, which will take control of the country’s online gambling business and make the first step to online regulation of the gaming market. It means that even more online casinos are going to be created in this country, and thus all the citizens of Lithiania will be able to deposit their funds without any conversion, they will just enter the online casino with Lithuanian litas and pay online without any problems.

What are the methods of depositing in casinos with Lithuanian litas?

There are two main payment systems available in casinos with Lithuanian litas. The first one is credit card, main ones are VISA and Nastercard . The second one is local Paysera, and several other international web wallets.

Paysera is a famous payment system from Lithuania, which was founded in 2004. Starting from 2012, the payment system has an official license of the Bank of Lithuania to issue electronic money, as well as to provide its services throughout the European Union. And it’s wisely used in Lithuanian online casinos.

To date, Paysera is officially represented in 70 countries. An important feature of the system at the same time are low fees for the performance of international transfers, which do not exceed the rates for local ones. Today Paysera supports the following currencies: USD; EUR; GBP; CNY; JPY; PLN; AUD.

Despite the fact that a total of 7 world currencies are supported, main ones are litas and the Euro. Depending on the country, the commission may vary. For example, transfers to the UK are charged from 0.6 pounds and transfers to Poland – from 0 zloty.

It is important to say how exactly translations are carried out through Paysera. In order to speed up the process of depositing or withdrawing Lithuanian litas, the developers of online casinos allowed to make transactions by e-mail or by phone number of a specific recipient. Therefore, if you don’t fully understand how it all works, ask a question to the online chat of the casino, you will get answer as soon as possible from the support service. Show less