Best Betting Sites in Estonia

Sports Betting Regulation in Estonia

Gambling activities became legal as soon as Estonia gained its independence. It all began with the first Lottery Act, which was introduced in 1994. This was followed by the first Gambling Act, which was introduced a year later. The new Gambling Act for regulating online gambling was passed in 2008.

Sports betting sites in Estonia have since been legal, and the Estonian Tax and Customs Board is tasked with regulating companies that offer gambling services in the country.

In 2011, local betting companies were allowed to obtain a licence and operate in Estonia following the legalisation of online bookies. Moreover, the freedom to acquire an online gaming licence was extended to international bookies.

This means that Estonian punters have lots of betting opportunities because they can now choose between legal sites that operate locally or internationally as long as the operators follow the law.

With thousands of international companies targeting the country, bettors should be careful when choosing online gaming sites. They must make sure that the operators are licensed by trustworthy organisations. Luckily, Betpack scrutinises all online sportsbooks before recommending them to sports betting fans in Estonia or any other country. If you are seeking for bookies from other countries, be sure to peruse our list of bookmakers by country.

Key Facts & Stats About Betting in Estonia

• Annual Growth Rate: According to data obtained from Statista, the sports betting industry in Estonia is expected to grow at a compound annual growth rate (CAGR) of 5.47% from 2024 to 2029.
• Industry Growth: Data from Statista shows that the online sports betting market revenue in Estonia will increase to US$48.72 million in 2024 and reach US$63.59 million by 2029
• Betting Frequency: The findings of a 2021 study show that 25% of online gamblers and 16% of offline gamblers in Estonia gamble every week.
• Purpose of Betting: The most common reasons for betting in Estonia include the desire to win huge amounts of money and have fun.
• Popular Sports: The most popular sports for punters to bet on in Estonia include Basketball, football, cycling, cricket, and beach volleyball, but other options are also available.
• Demographics: According to a 2021 study, 7% of the population in Estonia bet on sports. Moreover, most gamblers in the country are men aged between 30 and 39.

Popular Payment Methods for Estonian Betting Sites

Companies that offer online gambling services must provide banking options that are easy to access and use. The top betting sites in Estonia understand the diverse needs of individual gamblers, so they offer a variety of secure payment methods for deposits and withdrawals.

Players are usually required to create an account to be allowed to deposit funds and play.

Before we talk about the available banking options, it is important to mention that payment method restrictions may apply. In other words, you may not be allowed to claim betting bonuses if you use certain banking options.

This rule often applies to e-wallets such as Skrill and Neteller. Another noteworthy point is that the amount you can deposit or withdraw depends on the selected payment options. With that said, let’s explore the various banking methods used by most online bookmakers that accept punters from Estonia.

Bank Cards

The majority of sports bettors in Estonia use prepaid, debit, and credit cards for online payments. Therefore, it’s no surprise that most online bookies in the country accept popular cards such as MasterCard and Visa.

These payment methods have proven to be an effective way of depositing money into gambling accounts. Deposits made via cards are usually instant, but withdrawals can take a few business days depending on the platform and card.

E-Wallets

Digital wallets are among the most used banking options available to Estonian punters today. They usually take the form of websites or mobile apps that allow users to create an online account for receiving and sending money.

The top options for gamblers in the country include PayPal, Skrill, and Neteller. With these banking methods, bettors can deposit money and withdraw their winnings quickly without worrying about their safety.

Bank Transfers

Even though not all banking institutions support gambling transactions, bank transfers are still a viable option for sports betting enthusiasts in Estonia. Most sportsbooks that support bank transfer payments process deposits instantly.

They also allow users to deposit and withdraw large amounts of money, making this option a great choice for high-rollers. However, it can take as many as 5 or 7 business days to receive your money if you cash out using this method.

Cryptocurrencies

If anonymity is your top priority while betting in Estonia, you may want to consider using popular cryptocurrencies. Thanks to Bitcoin, Ethereum, Litecoin and other digital coins, punters can now transfer money to and from their gambling accounts instantly and safely.

The transactions take place on a highly protected blockchain and use unique wallet addresses. 

Most Popular Sports to Bet on in Estonia

Estonians are passionate about sports that are hosted within and outside the country. Many of them watch sporting events and are ready to join online bookies and wager on matches. Fortunately, there are many sports to bet on, from basketball to horse racing.

Punters can place wagers on individual players, teams, and a wide range of possible outcomes in different sports. The leading betting websites in Estonia will let you bet on the following popular sports.

Basketball

Organised by the Estonian Basketball Association, the Korvpalli Meistriliiga is the country’s top men’s basketball league that sports bettors can wager on. Other widely popular basketball leagues include the National Basketball Association (NBA), the EuroLeague, and the Turkish Basketball Super League (BSL).

Football

All high-rated sportsbooks in Estonia allow sports fans to bet on football matches starting with local teams that are regulated by the Estonian Football Association. They also offer great betting odds on the English Premier League (EPL), the German Bundesliga, and Major League Soccer in the United States.

Cricket

The best bookies enable punters in Estonia to place bets on the Estonian Cricket League as they cheer for their national team. Other betting options for cricket lovers in the country include the Indian Premier League (IPL), the Big Bash League (BBL) in Australia, and the Pakistan Super League (PSL) among other prestigious cricket events.

Cycling

As a popular recreational activity in Estonia, cycling has always appealed to many citizens who wish to bet on competitive sports. The Giro d'Italia, Vuelta a España, and Tour de France are among the most popular tours for Estonians yearning to bet on cycling.

Beach Volleyball

Although beach volleyball is not played in most countries, it is among the most loved sports in Estonia. By joining the top bookmakers, punters can bet on the national beach volleyball team and other events organised under the governance of the Fédération Internationale de Volleyball (FIVB).

Tennis

Tennis is a dynamic sport that the citizens of Estonia can play and bet on at the best sportsbooks in the country. Most bookies cover major tennis tournaments like the US Open, the ATP and WTA finals, the Australian Open, and the French Open.

Visit the Top Betting Sites in Estonia to Bet on Sports

In sum, the gradually growing Estonian sports betting market continues to attract the attention of local and offshore operators targeting gamblers in the country. With everything you have learned about betting sites in Estonia, you can start placing bets on different sports right now.

The benefits are many, including amazing welcome bonus deals, free bets, in-play betting, and live streaming services on top-tier gaming platforms.

Embark on your gambling journey in Estonia today by choosing an online betting site from the top bookmakers recommended by Betpack. The process is straightforward - create an account and deposit money. Once you do that, you can claim welcome bonus offers for new customers and enjoy free bets among other promotions. We wish you the best of luck as you start betting.