Georgia online casinos for Real Money

Georgia has one of the best-rated gambling sectors in its geographical region. From land-based gambling to online casinos, Georgia’s small population (and its notable tourists) loved to bet. As wild as it is, gambling represents almost a third of Georgia’s GDP. As one of the fastest-growing gambling sectors in the world, Georgia naturally makes it possible to wager on seemingly anything and everything.

You might wonder how a country with a population of under 4 million people amasses such wealth from gambling. As it turns out, Georgia is surrounded by predominantly Muslim countries. Unsurprisingly, residents can’t gamble in those countries because of Islamic law. Similarly, nearby Russians also make the trip to Georgia, as Russia itself takes a dim view on gambling. However, these foreign residents are more than happy to turn a touch hypocritical and nip over the border to blast their cash in Georgia. Make no mistake about it – many of them do just that, and that is just fine for Georgia’s gambling industry.

Georgia’s laws come from the Law of Georgia on Organising Lotteries, Game of Chance and Other Prize Games. More specifically, no. 5448 from 2011. This document essentially decided that all forms of gambling and internet betting would be legal.

Officially, an online casino should have acquired a gambling license from the Georgian authorities. However, in practice, many of them don’t. Georgia doesn’t necessarily go overboard when it comes to shutting down offshore casinos and sportsbooks. However, the general low cost of official licenses persuades most foreign operators to do things legally and snap up one of those licenses. To our knowledge, there are no punishments in place for Georgians who decide to ignore that and visit offshore casinos. Nor does Georgia make any serious attempts to blacklist foreign sites.

The Ministry of Finance has total control over the entire gambling industry in Georgia. It is this authority that determines which sites are licensed, and they regulate the industry. One particular part of that ministry, the Revenue Service, is the license-issuing body, and they’ll happily provide a license legalising your service for anything from $20,000 to $400,000. Over a hundred foreign casinos have already applied for these licenses, which last several years.

Georgian casinos aren’t solely available to players in Georgia. Because of this, those in neighbouring countries also sign up for Georgian online casinos. This means operators have access to a substantially larger market than they would expect, since Georgians and non-Georgians alike are often members. Naturally, this makes obtaining a license very much worth the trouble.

Georgians have access to all manner of top casino games. Many love to wager on sports, but you’ll also find a generous number of Georgia-based players who throw down on slots and RNG (random number generator) table games. Live dealer games aren’t quite as possible at this moment in time, but they are still offered to players in the Eastern European country all the same.

Georgia is a small country, but its fledgeling and rapidly growing gambling sector have seen one or two software providers emerge. While none of them is quite yet on the same scale as major European developers, they are on the rise and can be found as part of SoftSwiss’ game aggregation software. GammaStack is arguably the most popular developed in the country, even if its origins are in Belarus.

As touched on earlier, Georgian online casinos aren’t reserved for players residing in the country. Russian players and those located in nearby Muslim countries often join these sites since they can’t gamble at legal betting sites in their own nation. This ensures that Georgian online casinos have quite a following and raise a fair bit of revenue for the state.

Georgia doesn’t blacklist or ban offshore casinos – those licensed sites operating outside of Georgia and without a Georgian license. However, those casinos are required to withhold taxes on a player’s winnings. Ultimately, bettors in Georgia can bet on what they want, where they want, with precious few issues. This makes Georgia one of the industry leaders when it comes to online gambling freedom.