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Are you tired looking for the best betting sites in Gibraltar? Are you on the hunt for top sites that accept players from Gibraltar? If you are here, count yourself lucky.
We analyzed some of the best bookmakers accepting players from Gibraltar offering some of the most competitive odds, attractive bonuses, and a variety of sports betting markets/events. If you want to enjoy all these in addition to stellar customer assistance, look no further than mr.play SPORT, Rolletto, and Bwin. By far, they are the best in business.
Gibraltar goes down as one of the first countries to issue sports betting licenses for online sports betting firms. A climax date for Gibraltar was in 2005. It was during this time that the GLA began its operations. The same year, the Gambling Act aimed at regulating sports betting in the country also came into force. It still regulated all gambling-related activities in Gibraltar until today.
However, there have been an inclusion of special amendments for online operators, with the largest prerequisites being conditions that they need to meet if they want a license to operate. The Gambling Commissioner ensures that all online bookies meet the conditions necessary before giving a firm the permission to proceed with its operations.
Matters concerning taxation hasn’t been particularly welcoming for sports betting operators. A 15% tax on betting companies doing business in Gibraltar took effect in 2015 and further rose to 21% in 2019. There are rumors that taxes may rise in the years to come. Huge taxes is a blow to betting companies with headquarters in Gibraltar. It even gets worse when such companies are compelled to pay a ‘general betting duty’ of 0.15%.
The above is not all. There’s also a yearly licensing fee of 100,000 GBP. Attempts by bookies to complain about such at the European court bore no fruits, with the ruling coming out in favor of imposing taxes. Finally yet importantly, following matters to do with Brexit, Gibraltar and operators doing business in the country are expecting the worst.
If you are a sports betting enthusiast in Gibraltar, you need to be aware of a few important things when thinking about betting here. First, there’s no tax effect, meaning that you’ll take all your winnings minus taxes. Secondly, since there are no betting shops here, you can engage in online betting without the fear of prosecution.
If you choose to wager at online bookies, you can do so without any worries of persecution. Thirdly, all the bookies that you find mentioned in this article are safe to bet with anytime. All of them are licensed and very safe to bet with at almost all bookies. Lastly, you need to be aware that the Gibraltar’s local currency (GIP) is equal to the British pound. You need to keep that at the back of your mind when opening a sports betting account in Gibraltar.