Best Betting Sites in Czech republic (Czechia) 2023 | Top Sports bet apps in czech republic (czechia)

You’ve come to the correct place if you’re looking for the top betting sites in the Czech Republic. All you need to know about online betting in the Czech Republic is covered in our comprehensive guide, which also provides an overview of the country’s gambling regulations and contrasts domestic and overseas bookmakers.

The Czech Republic, originally known as Bohemia and also known as Czechia, is a landlocked nation in central Europe. The inhabitants are devoted to football and ice hockey, two sports in which they have succeeded by taking home numerous medals in contests held at the national level. In addition, the nation is a sanctuary for people who enjoy gaming. In the Czech Republic, there are hundreds of physical casinos and betting outlets.

The government succeeded in regulating gambling in 2017, but because of the intricate system, there isn’t much fierce competition among the authorized bookies operating in the nation. The current Gambling Act specifically caps players’ daily profits at 270,000 CZK. In addition, lottery games and sports betting websites are subject to a significant 23% GGR tax on top of the usual 19% corporate tax levied upon all licensees. Because to this, they are unable to offer promotions like free bets and large welcome offers, in contrast to foreign bookmakers that still accept Czech bettors. They offer a greater range of markets and better odds, and they don’t have the restrictions that the licensed companies stated above do.

Best Betting Sites in Czech republic (Czechia)

With the revision of the 2012 Gambling Act in 2017, the government successfully regulated the domestic gaming business, making betting legal in the Czech Republic. In addition to domestic companies, the new rule allowed online operators with headquarters in other EU nations to apply for a license. Many multinational bookies had absolutely no time to comply or even submit licensing applications because to the stringent standards and the speedy law implementation. Many of them left the local market as a result of this. The Ministry of Finance (the nation’s regulatory body) instructed ISPs to ban access to all unlicensed gambling websites, although a few others chose to remain open.

Only five Czech bookmakers now possess the necessary licenses, with iFortuna being the largest. Chance, Tipsport, Synottip, and Sazka are the other four. They all accept bettors who are at least 18 years old. Lottery and sports betting are subject to a 23% GGR tax, and casino games are subject to a 35% GGR tax. These rates are in addition to the common corporate tax rate of 19% that all licensed businesses are required to pay. Major foreign brands would undoubtedly find it unprofitable to submit an application under these circumstances.