Most Popular eSports Bookies in Czech Republic

In a bohemian culture of writers and artists, Czechia's new laws are opening doors for private-owned online betting websites to offer new entertainment options for citizens. This is good news for online operators. Esports is a growing market in the region. A large number of citizens play games throughout the year.

With much of the country devoted to strict religious practices, only 100,000 Czechs are addicted to betting, with a population of more than 10 million. The younger generation sparks esports popularity in the region, and top players make close to $100,000 a year. As esports grow in the market, opportunities for enthusiasts to gamble online are related to the country's regulations.

Most Popular eSports Bookies in Czech Republic
History of esports betting in Czech RepublicEsports nowadays in Czech RepublicAre casinos legal in Czechia?Czechian popular esports gamesPayment methods in CzechiaFAQs

For years, Czechia's betting market has grown dramatically. However, like the country's Slavic neighbors, Czechia has high taxes for operators and favors land-based casinos. Taxes cost as much as 35 percent of a casino's gross revenue from gaming, which is separate from the €1,800,000 licensing fee. The Czech Republic also requires license holders to hold more than €2,000,000 in equity. Additional requirements include displaying warnings about gambling dangers and headquarters located in an EEA or EU country.

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History of esports betting in Czech Republic

History of esports betting in Czech Republic

From 1956,
the Czech Republic has shown a growing interest in gambling since the launching of Sazka SA, a gaming operator. Regulations continue to evolve. By 2012, the government realized the country's laws did not comply with European Union requirements, but it failed to change the regulations until 2016.

Many of the region's municipalities are banning electronic gaming machines. These EGMs create regulatory conflict on both the municipal and state levels. In 2014, a draft of the gambling law sought to clarify the overall legal framework. Prior to 2012, there was not much interest in studies about gambling and its impact on the Czech population. One of the major issues is problem gambling, impacting 1 to 2 percent of the population.

In 2017, the President signed a new gambling Act into law, which outlined the requirements for operators. These requirements include a new system for taxation and online gaming regulations. Lawmakers collaborated on the language and passed the bill fast. The Act implemented strict licensing regulations. Some gambling operations found the new law problematic, especially the high rate of taxation. Each gambling operation is also charged a 19 percent corporate tax on top of the casino tax on gaming revenue. For operators who pay the taxes, stopping illegal operations is key to meeting revenue goals, which is why Czechia strictly monitors unregulated businesses.

History of esports betting in Czech Republic
Esports nowadays in Czech Republic

Esports nowadays in Czech Republic

For gamblers in Czechia, there is a wide variety of gambling options. From casinos to online, web-based operations, the landscape offers substantial wagering opportunities. Even though a significant number of operators have shut down due to the new Act, gaming continues to grow. The multi-billion-dollar market provides entertainment throughout the region.

For operators, strict rules take a large portion of the gross revenue. However, failure to adhere to the country's gambling requirements means a business may risk getting shut down or blocked online. Online gambling spiked after the tax and fee hikes. The regulatory body monitors online activity to ensure only licensed websites have access to the Czech gamblers online.

Esports origins

In the Czech Republic, esports enthusiasts began gambling on the sport as it gained popularity. Youths continue to play, fueling interest in betting on popular tournaments. Betters seek any opportunity to win money on a wager. Esports is expected to evolve into a major gambling market. Even today, sportsbooks invest significant money into providing betting options for esports gamblers. However, in Czechia, licensing is required to provide gambling services to citizens. Online operators risk ISP and payment blocking in the region if providing services to Czech citizens without a license.

Esports fans

Since esports enthusiasts fuel bookmaking, young gamers who attract huge crowds create the fan base, which is also a target market for online betting operations. Even though initial bookmakers made little money, esports betting has changed exponentially in the last five years. As the fan base grows in the Czech Republic, the base of gamblers also increases. Gamblers in Czechia may wager on teams, match outcomes, tournaments, and individual players. Did not make substantial money because of a low betting volume.

Esports popularity in Czechia and throughout the world increases television viewership for the sport. In 2017, Katowice, an Intel esports event, attracted about 45 million fans and was the most popular esports event that year. Esports attracts millions of online fans via popular websites and social media. Even esports events are now broadcast in a variety of languages across the globe to expand the sports reach.

International sportsbooks are fully vested in esports betting. By tapping into the multi-billion-dollar market, the sportsbooks offer gamers, fans, and enthusiasts betting opportunities. From television to online platforms, Czechia is a growing esports hub.

Esports nowadays in Czech Republic
Payment methods in Czechia

Payment methods in Czechia

Only licensed online operators are allowed to offer gambling services to Czech citizens. For authorized businesses, depositing funds into online accounts is simple with recognized payment platforms. Safe deposit methods include internationally recognized digital wallets like Neteller and PayPal.

Visa and Mastercard credit and debit cards offer a convenient way to deposit money directly into a web-based sportsbook account. Newer deposit and transfer options include EasyPay and PromptPay. Even banks are jumping on the online betting bandwagon by offering money transfers and withdrawals from web-based betting establishments. Cryptocurrency, such as Bitcoin, is also a popular way to deposit funds.

For seamless money transfers, players sign up for an account with a payment platform approved by the gambling provider. Safe online wagering must include reviewing a website's reputation, licensing, and history online. Players must also read the terms of service to understand betting odds and withdrawal terms. Safe online gambling requires some due diligence and common sense.

Payment methods in Czechia
FAQs

FAQs

Can any business operate a gambling website in Czechia?
Czechia offers foreign and private companies opportunities to provide gambling services to the region's citizens. However, the cost of entry and taxation is expensive. Operators who do not follow the regulations in the 2017 gambling Act are subject to ISP and payment provider blocking by the Czech Republic regulators.

How large is Czechia's unregulated gambling market?

Czechia's new laws may spark growth in unlicensed operations in the country. Seventy-five percent of casinos have shut down. The cost to begin and maintain operations is very high and has already caused some of the most popular gaming businesses in the area to cease operations.

What is the revenue from the gambling market?

In 2017, tax revenue increased to 12.7 billion. Online gambling accounts for about 20 percent of the gaming market in Czechia.

How does Czechia combat gambling addiction?

Czechians are not gambling addicts for the most part. There are approximately 100,000 estimated cases in a population of more than $10 million, which means about 1 percent of citizens grapple with addiction. Still, 100,000 is a large number of citizens impacted, and the country is serious about warning about gambling dangers. Casinos and online operators are required to include visible warnings about the risks of gambling. Players may self-monitor behavior or seek gambling addiction assistance from recognized agencies.

Are online gamblers in Czechia arrested?

Enforcement of the country's gambling laws centers on blocking payment provider access and ISP addresses for unlicensed operators. Since 2017, regulators have implemented strict controls to ensure that licensed operators paying taxes are not hindered by unlicensed lawbreakers.

FAQs