History of the Czech Gambling Industry

The Czech Republic only gained its independence in 1993, so it does not have an impressive gambling history. However, in 1990, the government presented the Law of Lotteries, which remained in force until 2012, when the Gaming Act appeared, legalizing online and land-based casinos. According to the Act, online operators were obliged to also have land-based casinos, too, for offering online gambling.

In 2016, the Act allowed casino sites to independently acquire a license from the government. This led to the industry’s rejuvenation. In 2017, the government prohibited gambling sites from offering special bonuses and promotions to gamblers.

The Legal Aspect of Online Casinos in the Czech Republic

Until recently, the gambling field suffered from unclear regulations. However, in 2017, the Gaming Act made gambling fully legit and regulated. According to the law, gambling is described as betting, lottery, and games of chance. The Czech’s Ministry of Finance regulates the sector. As long as an operator is compliant with EU laws, it can also legally operate on the Czech territory. Brick-and-mortar casinos are also legal in the country.

The legal age for gambling in the Czech Republic is 18. Besides, the law prohibits casinos from advertisements targeting minors.

Popular Banking Methods at Czech Online Casinos

According to the statistics, the most popular deposit/withdrawal method among Czech gamblers is Skrill. However, there are plenty of other available solutions for players. You can choose among the following options: Visa and MasterCard cards, Neteller, Skrill, Neosurf, CASHlib, acoPayz, PaysafeCard, e-Transfer, bank transfer, mobile payments, zimpler, flexepin, SIRUmobile, and AstroPlay. All deposits are usually instant, with payout times varying between 2 and 5 business days.