Estonia is one of the European countries that fully supports gambling. That’s the reason for the thriving of the gambling industry in the nation.
When Estonia was still under the USSR, gambling was illegal. However, things took a turn when the USSR troops left Estonia.
The Lotto Act of 1994 was the first gambling law in the country. The Gambling Act of 1995, which breathed new life into the gambling sector, followed it.
The 1995 Gambling Act saw the introduction of the ETCB as the gambling regulator in Estonia. Issuing licenses and collecting gambling taxes are the key functions of the Estonian Tax and Customs Board.
Notably, all casino operators, whether offshore or within the Estonian borders, must have a license. Moreover, they should file their tax returns to the ETCB.
Speaking of taxes, there’s an 18% tax on the lottery that the ETCB takes from the source. That means the player doesn’t have to file their gambling taxes. Only the operators must submit their taxes to the board.
With the legalization of online and land-based casinos in Estonia, the country’s gambling revenue is on the rise. The best part is there’s no Bill that opposes gambling in the country. As long as operators and players follow the gambling rules, there’s no issue.
Noteworthy, several online casinos provide gambling services to Estonian players. They include Neospin, 1Red, Skycrown, and Pribet.
These casinos offer the best payment options, huge bonuses, and thousands of games. They also support the Euro, among other major currencies. This means Estonian players don’t have to convert currencies which comes with some fees.
The sad part, however, is that the rise in gambling has seen an increase in problem gambling. The government is aware of this. In fact, the Ministry of Social Affairs, in 2020, donated €200,000 to help gambling addicts and their families.
Also, there are several agencies that deal with gambling addiction. These include the Nõustamiskeskus Hasartmängusõltuvusest and Gambling Therapy. They comprise professionals in the medical and financial sectors to help solve gambling problems.