Betting Sites in Armenia 2024 | Find Top Armenian Bookmakers
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Best Betting Sites in ArmeniaBest Betting Sites in Armenia

Steven D. Thompson

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Online betting and various forms of gambling are legal in Armenia. Bettors can explore online sports betting sites and take advantage of playing at the best platforms online. With betting legal, bettors have the opportunity to explore local and international online bookmakers. So, if you're an Armenian bettor looking to explore online betting, there are a few things to learn.


To help you get started, we've highlighted key information about the Armenian betting industry and how to get started at the best sports betting sites in the country. So, keep reading to learn more and know how to kickstart your next betting adventure.

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The Best Betting Sites in Armenia 2024

Great Deal Great Deal
Jackbit
Fabulous

Rating:

8.4/10

Fabulous
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Welcome offer 100% up to $100
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Pros
  • Easy to navigate
  • Cryptocurrencies supported
  • High maximum cashout
Cons
  • No mobile application
  • Promo offers could be better

Odds Margin: 92%

Extra Features: Bonuses, Tournaments, Casino, Cash Out Func., VIP Programme

Payment Methods: Bitcoin, Dash, Dogecoin, Ethereum, Litecoin, MasterCard, Monero, Ripple, Solana, Tether, Visa

US
United States Accepted

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

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Crypto-Games
Fabulous

Rating:

8.3/10

Fabulous
Gift icon
Welcome offer 200% up to 20,000 USDT
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Pros
  • Offers a wide range of betting markets
  • Deposit and withdraw instantly using cryptocurrencies
  • Every bettor gets a weekly rakeback of at least 10%
Cons
  • Charges additional fees on the withdrawals
  • High wagering contribution on the first deposit bonus
  • Several sports are missing

Odds Margin: 94%

Extra Features: Bonuses, Tournaments, Casino, Live Streaming, VIP Programme

Payment Methods: Bitcoin, Dogecoin, Ethereum, Litecoin, Ripple, Solana, Tether

US
United States Accepted

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Popular Popular
BetOnline
Very Good

Rating:

7.5/10

Very Good
Gift icon
Crypto Welcome Offer 100% up to $1,000
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Pros
  • Instant deposits and withdrawals with cryptocurrencies
  • Different types of sports betting bonuses
  • Betting markets for the most popular sports
Cons
  • Payment method restrictions
  • Player restrictions in some countries
  • Withdrawal charges

Odds Margin: 92%

Extra Features: Bonuses, Tournaments, Casino, Live Streaming, VIP Programme

Payment Methods: American Express, Bitcoin, Bank Transfer, Litecoin, MasterCard, Ethereum, Dogecoin, Visa, Ripple, Person to Person, Tether, Solana

US
United States Accepted

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

New Bonus New Bonus
Everygame
Very Good

Rating:

7.1/10

Very Good
Gift icon
Welcome offer 100% up to $150
Play Now Everygame Review
Pros
  • The sign-up offer gives you bonus funds on your first three deposits.
  • Wide range of bonuses for existing customers.
  • Many pre-match betting markets to choose from.
Cons
  • You can make only one withdrawal request in seven days.
  • No mobile betting app.
  • No live streaming.

Odds Margin: 93%

Extra Features: Tournaments, Casino, VIP Programme

Payment Methods: ecoPayz, American Express, Bitcoin, Litecoin, Paysafecard, MasterCard, Visa

US
United States Accepted

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Trusted Trusted
BetUS
Splendid

Rating:

7/10

Splendid
Gift icon
Welcome Bonus 125% up to $3,125
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Pros
  • The loyalty program gives enticing rewards to regular bettors.
  • Cryptocurrency transactions offer various perks.
  • 24/7 phone, email, and live chat support.
Cons
  • Small withdrawal fee.
  • No live streaming.
  • There could be more betting markets.

Odds Margin: 95%

Extra Features: Bonuses, Tournaments, Cash Out Func., Live Streaming, Odds Boost, VIP Programme

Payment Methods: American Express, Bitcoin, Bank Transfer, Litecoin, MasterCard, Ethereum, Visa

US
United States Accepted

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

18+ | Gamble responsibly | GambleAware.org | T&C’s apply

Table of Contents

    Sports Betting Regulation in Armenia

    New and experienced players can join local and international betting sites in Armenia because sports betting is legal in the country. Before 1992, Armenia offered only two forms of gambling: horse racing and lotteries, with no additional options available. However, following the country's independence from the Soviet Union, Armenia experienced increased freedom in its gambling sector. Consequently, a plethora of new gambling options emerged, providing a diverse range of choices for enthusiasts.

    However, it is good to note that the legality comes with certain restrictions established under the 2005 Law on Games of Chance. Sports betting websites can operate in the country, and gambling operators can provide access to Armenian players.

    The role of the law is to ensure the gambling industry in Armenia is regulated, and players are protected. The aim is to reduce the negative effects of gambling. Also, it is to prevent underage gambling and all forms of gambling addiction. As a result, Armenia betting sites must adhere to the regulations and restrictions set under the law.

    Regulations and Restrictions in Armenia

    In Armenia, there are different restrictions when it comes to online gambling. It is important to note these regulatory restrictions before getting started with your betting journey. That way, you can know what being part of the industry entails and can focus your search on top sports betting sites.

    • Geographical Restrictions: It is important to understand that even though bookmakers are allowed to operate nationwide, regardless of whether they are online or offline, casinos and slot machines are restricted. Operators who want to offer casino gaming can only do so in specially designated economic zones.

    • Single-Event Betting Restriction: Based on the current legal framework, only pool-style betting is primarily allowed, and this is on a restricted selection of sporting events. So, individual wagers are usually combined. Single-event betting, which is very popular among international platforms, is prohibited in the country.

    • Advertising Restriction: The country has a major limitation on advertising gambling activities. The current law prohibits operators and marketing agencies from advertising gambling-related content through media channels and other forms. Disobeying this rule can attract certain penalties and fines from law enforcement agencies.

    The Armenian Online Gambling Industry

    Even though, by law, online gambling is permitted in the country, only one operator holds a licence for online gambling. As a result, bettors in the country looking for the best sports betting site to join must turn their attention to offshore betting platforms or any top-notch VPN-friendly betting sites so they can enjoy the goodies that come with playing online.

    Talks have been around the modernisation and proper regulation of the online gambling market in Armenia. Therefore, there might be changes to the market, but there haven't been any major implementations. However, there is hope that we might see more operators enter the scene and provide Armenian bettors with top-notch gambling opportunities.

    Key Facts & Stats About Betting in Armenia

    • Annual Growth Rate: Based on a recent Statista report, the Armenia betting market is expected to experience a 5.58% CAGR between 2024 and 2028.

    • Industry Growth: Following the report from Statista, the market has experienced an annual growth rate of about 5.47% between 2020 and 2023. With this growth rate, the projected market volume for the industry will be over US$31 million by 2028.

    • Betting Frequency: Due to limited data, it is hard to tell the average betting frequency in Armenia, especially as most seasoned gamblers in the country play at international bookies. But from speculations, about 75% of the betting population are casual bettors.

    • Purpose of Betting: Like in most countries, the Armenian market is filled with bettors who bet for entertainment purposes. It is estimated that between 65% and 75% of the betting population bet for fun.

    • Popular Sports: Football is the most popular sport in Armenia. Most of the market share goes to football betting. Based on global estimates, the share should be about 75-85% of the betting activity.

    How to Pick the Best Online Sports Betting Sites in Armenia

    With most Armenian bookmaker options you can explore outside the country, having a plan might just be the way to go. If you can do it right, you'll most likely end up at a top Armenian betting site that lets you enjoy your betting journey without hassle. To help you with this, we've highlighted a few factors you must consider if you want to pick the best online sportsbooks in the country.

    • Estimated Time Needed: 10:00
    • Tools Needed: Account
    • Supplies Needed: Time, Money
    Security and Safety Step 1

    Security and Safety

    One of the many factors you should consider if you're looking to join any of the best Armenian bookmakers is the security system. Take your time to check if the site you want to join has an excellent system to ensure players' security and safety. An important step to take when choosing a sports betting site is to examine its security and safety measures. You also want to make sure the site is licenced by a reputable authority since you’ll likely be playing with international sites. It’s good to remember that some of the best bookies can be found at licensed sportsbooks, so if you stick to those options, you should find what you’re looking for.

    Promotions and Bonuses Step 2

    Promotions and Bonuses

    You should also check if the site has a generous welcome bonus package and other promotions to explore. In this case, you should take the time to evaluate the promotions page to see what offers are available to players. When making your selection, ensure that each option has a variety of offers for you to choose from. They should have free bet credits, sports welcome bonus offers, reload bonus offers, cashback, and accumulator boosters. If they do not have any bonuses or promotions in place already, it may be smart to keep searching. So, when checking out new sites, make sure they offer various deals that will make your journey easier and more enjoyable.

    Market Coverage and Betting Features Step 3

    Market Coverage and Betting Features

    The market coverage of the betting apps or sites is also important. Take your time to check out the different betting markets and the betting options they provide. The wider the coverage, the better your chances of enjoying your betting experience. So spend time checking if they are worthwhile and would give you access to some of the best markets in football and other games like horse racing bets, virtual sports, etc.

    Overall Betting Experience Step 4

    Overall Betting Experience

    Evaluate the overall experience players have with them before joining any online betting site. As you evaluate their features, take into account what kind of experience awaits players on this platform. You can do this based on its mobile betting experience by checking if it provides downloadable betting apps for various devices. Also, find out if there is a live betting feature that allows players to wager on games even after they've started, as this indicates that they put customers' preferences first.

    Free Bets & Betting Offers in Armenia

    Betting Sites Free Bets/Betting Offers

    Velobet

    150% bonus up to $1,000

    Vegas Mobile Casino

    $20 Free Bet

    BetifyMe

    Up to 100x Free Bet

    22Bet

    100% up to $100

    How We Compare and Rank Betting Sites in Armenia

    1

    License / Security

    Whenever we're comparing online bookies and want to rank them, the security and safety measures in place are among the factors we consider. In this case, we take the time to check if the sites we want to list protect players from fraud and loss of money. In addition to checking the security and safety measures, we also check out the license. We want to be sure that when you pick from our list of betting sites and mobile apps, you'll be playing at the best legal bookmakers, regardless of whether they are foreign bookies. That way, you can rest assured that your betting journey will be worthwhile.

    2

    Welcome Offer

    See if they offer a welcome package once a player registers an account and deposits money. New members usually enjoy this package while placing bets on their favourite sports so as to make their experience smooth from day one. Once new members deposit money in order to begin gambling, they will always enjoy extra money or free bets from the bookies mentioned we recommend. This extra amount could be used along with your initial deposit amount, hence raising the probability of winning a substantial payout.

    3

    Promotions & Free Bets

    In addition to the welcome bonus most leading bookmakers offer, we also check for other promotions. During our review, we want to ensure that players will have other incentives to enjoy. They won't only have the welcome bonus. That way, you can always enjoy more bonuses and extra incentives as you continue playing at the betting site. The best bookmakers have excellent promotions that you can claim. From reload bonuses to cashback offers, there are exciting offers to look forward to. We take the time to pick out sites that offer these exciting incentives.

    4

    Odds & Value

    Sites with the best odds take a higher ranking because the odds play a pivotal role in your potential payout. As a result, we pay attention to sites that offer competitive odds and allow players to enjoy exciting bonuses. You can rest assured that you'll enjoy placing bets on the best odds with them. We compare various betting sites and rank them based on their odd offerings and value. We look at the potential value players will enjoy when they join these platforms and pick the best options for our list.

    Top Armenian Betting Sites by Category

    Highlight of the Site Betting Sites

    Best Armenian Bookmaker for Language Option

    Megapari

    Best for Crypto Betting Site

    Winzio

    Best for Mobile Bookmaker

    20Bet

    Top Armenian Bookmaker for Welcome Bonus

    N1Bet

    Popular Payment Methods for Armenian Betting Sites

    Armenia betting sites have different payment methods offered to players who want to start betting. These payment methods let you start your next betting journey without stress. Although the payment options you'll find at these sites vary from one to the other, there are a few common options you can check out. We've highlighted these options below. Check them out before proceeding.

    Bank-Based Methods

    You can use various bank-based payment options if you want to complete transactions without worrying about third-party services. With these options, you can fund your newly created account without hassle. For instance, you can choose bank transfer to fund directly from your bank account. Below are some popular bank-based payment methods you can consider.

    Pick the right betting site and you can forget all about the rigorous processes that come with most. No, all you need is a suitable payment method and your journey should move smoothly. There are many options to go for so feel free to explore which one suits you best. Once you deposit your funds then you can try different bets and pray lady luck smiles at them.

    Cryptocurrencies

    Outside bank-based methods, you can join other sports lovers who use cryptocurrencies to fund their betting accounts. Crypto is a secure and reliable payment method that allows players to complete transactions without stress. There are different cryptocurrency options to consider if you want to start your journey. Some of these popular options include:

    Understand that cryptocurrencies can be complex and the market is volatile. So, before you decide to consider them as your next payment method, you should understand the various aspects of the industry. Once you understand how it works and know what it entails, you can proceed to use cryptocurrencies to deposit and withdraw.

    E-Wallets

    The best bookmaker sites in Armenia let you use different e-wallet services to deposit and withdraw money. Most e-wallet options allow users in Armenia to deposit without stress because they provide services that allow you to use the local currency to complete transactions. Some of these services also let you use their applications or contact support in the Armenian language.

    These e-wallets work well on an international betting site by the way. They are popularly used due to how simple it is to deposit and withdraw cash from them. All you need to do is find the perfect one, make an account, fund it, and then play! You also have to check if there's a suitable platform that’ll accept your choice so that with just one click, you can make any Armenia bet of your choice without worries.

    Most Popular Sports to Bet on in Armenia

    • Football (Soccer): Football has a massive following in Armenia. The Armenian Premier League is popular among locals and football fans across Europe and other continents. It is estimated that about 75-85% of the betting population bet on football.

    • Boxing: Although it is not as popular as football, boxing also has a large following in Armenia. It is one of the most popular sports to bet on in the country, with local professional and amateur boxers rising through the ranks.

    • Basketball: This sport is more popular among the younger demographics and continues to gain support in Armenia. It is speculated that about 5% of the betting population now engages in basketball betting as the Armenian national team continues to represent the nation.

    Best Armenian Betting Sites for Sports

    Betting Site Sports

    Betfinal

    Best for Football

    Mystake

    Best for Tennis

    QuickWin

    Best for Winter Sports

    Most Trusted Betting Sites in Armenia

    If you're a newbie looking to get started with betting in Armenia, you need to find a new suitable betting platform to join if you want to enjoy your journey. The problem is that finding the right site to join can get tedious, especially for a newbie. To help you out, we've done the heavy lifting and handpicked some of the best betting sites Armenian bettors can explore. You can check the table above to pick the one you like and start your next journey. We recommend you compare as many sites as possible so you don't end up with a below-standard site that doesn't meet your preferred style. Compare, pick one, create an account, deposit money, claim the welcome bonus, and start your betting journey.

    Betting Sites License

    Sportuna

    Curacao

    Greatwin

    Curacao

    Zotabet

    Curacao

    Conclusion

    With sports betting legal in Armenia based on the current gambling laws, players can try their luck with online betting. Unfortunately, there is only one locally licensed betting site in Armenia. Because of the limited options, players might have to look to international betting sites for betting opportunities.

    However, the good thing is that many betting platforms allow players from Armenia to join. So, you can pick from the different options available and start your betting journey with the best option. We've handpicked a few top sites. You can check them out and get started with your next adventure.

    Frequently Asked Questions

    What are the Most Popular Sports to Bet on in Armenia?

    The most popular sport you can bet on in Armenia is football. Other popular sports include basketball, boxing, and weightlifting.

    Is there a Tax on Sports Betting Winnings in Armenia?

    The current Armenian law imposes a profit tax of 18% on all legal entities engaged in betting activities, but this tax isn't directly charged to individual players' winnings.

    Is Sports Betting Legal in Armenia?

    Yes, sports betting is completely legal in Armenia, but it comes with certain restrictions.

    How Can I Claim a Free Bet from an Armenian Bookmaker?

    Claiming a free bet at an Armenian betting site varies from one site to another. You might want to check the bonus details to learn more.

    Are There Any Betting Restrictions on Armenian Betting Sites?

    Yes, single-event betting is not permitted at licensed Armenia betting sites.

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