Sri Lanka, which used to be called Ceylon, is an island country situated in South Asia. It has a rich history that dates back to the ancient Silk Road trade routes.
Despite the country’s history, gambling has always been part of the local culture. After gaining its independence from the British, it was still allowed to operate in various establishments.
Although it’s widely believed that online gambling is legal in Sri Lanka, there are no licensed firms that operate in the country. Although one of the country’s most popular online betting sites is STbet, it is not allowed to operate in the country.
Top betting sites in Sri Lanka
Follow our guide to get started with online betting in Sri Lanka. It will help you identify the best betting sites and locations to place your bets.
Unibet is a well-known Swedish online gambling site, which accepts players from Sri Lanka. Unibet is based in Malta and its operations are governed by the country’s Gaming Authority. It has won numerous awards in the past. The site features a variety of sports, including football, basketball, and horse racing. There are also various non-sporting events that you can also bet on. The site uses SSL encryption to protect your data. It also allows you to share it with others without the fear of it being exploited.
Aside from Malta, the site also holds gaming licenses in other countries such as the UK and Ireland. The site has a variety of sports to choose from, and it also accepts Asian handicap bets. The site also has a unique feature called the Bet calculator, which allows users to enter multiple details such as the number of bets, the odds, and the stake amount. The site’s laid-out design makes it very easy to use for first-time users. Its in-play betting section is also very popular.
888 Holdings is a global sports betting company that accepts players from Sri Lanka. It launched a dedicated website in 2008. The site has a huge variety of sports to bet on, with its various betting odds and promotions. Players can place their pre-match or live bets from their desktop or mobile site. The site offers a huge variety of payment options, such as mobile wallets and bank transfers.
Betway is an online betting site that was founded in 2006. It has various gambling licenses in various countries such as the UK, Spain, Ireland, and South Africa. Aside from regular football and cricket matches, the site also offers various other sports, such as horse racing and greyhound racing. Its Betway section allows users to place bets on all major tournaments and leagues.
Marathonbet has been in business since 1997. They offer the highest odds in the industry. Their Advancebet feature lets players bet with the potential value of their unsettled bets. The company’s online gaming is regulated by the Curacao and Alderney regulators. As a result, their physical stores are not just online stores.
Bet365 was established in the UK in 2000 and is currently employing more than 5,000 people. The site offers a wide variety of sports, including football, cricket, horse racing, and basketball. There are many games available to bet on in football, including European leagues and FIFA tournaments. Other divisions include the Indian Super League and divisions from various countries like Syria and Qatar.
Betting Types of Sports in Sri Lanka
One of the most important factors when it comes to choosing a sports betting site is the variety of games and leagues that they offer. Below are the most popular markets offered by various online sports betting sites in Sri Lanka.
Aside from these, the list also includes various other sports, such as golf, boxing, and weightlifting. Top sports bookies regularly add new markets to their offerings in order to attract more customers.
Although most bookies offer the most popular leagues and tournaments, we do not exclusively consider the sites that offer these types of games. We also look for the ones that provide access to other interesting events.
Sports Betting Bonuses Sri Lanka
One of the main advantages of playing sports in Sri Lanka is the huge selection of bonuses that are available at online betting sites. Most of these include a welcome bonus that can be big. Although many welcome bonuses are easy to unlock, some are not ideal for everyone. To ensure that the site’s terms are favorable, our experts thoroughly check the conditions before granting a bonus.
Top Banking Methods Sri Lanka
You can make a deposit at a Sri Lanka sports betting site simply by clicking on the “Add to cart” button. Most of the time, credit and debit cards are accepted. But, there are also options for e-wallets and pre-paid vouchers. E-wallets and cryptocurrencies are also very secure and are easily accessible to players. Another great feature of these is that they allow players to stay anonymous.
Betting Laws In Sri Lanka
For a long time, gambling in Sri Lanka was conducted without a legal framework. This was because various forms of gambling, such as horse racing, were already attracting gamblers before the country became independent.
In 2010, the law required all gambling establishments to obtain a license by January 1. This ensures that those who offer gambling services without a proper license will be charged with a fine of up to 5 years imprisonment.
Aside from taxes, operators also have to pay a licensing fee of 2.2 million US dollars annually. Although the law mainly pertains to land-based casinos, there are also no special provisions for lotteries and betting on sports.
Despite the lack of regulations, the online gambling market in Sri Lanka has been flourishing. Players are not being harassed by the state and are enjoying the services of local online bookie firms.
Payment Methods at Sri Lankan
One of the most critical factors that we consider when evaluating a sports betting site is the ability to provide secure and quick payment methods. Most of the time, people choose to place their bets through an alternative site simply due to its payment method. Below are the most popular payment methods that are accepted by the leading betting sites in Sri Lanka. Some of these include credit and debit cards, eWallets, and Bitcoin. Although some of the bookmakers have different deposit and withdrawal limits, it is still important to note that these restrictions may vary depending on the site and its competitors.
The Customer Service Sri Lankan
Before you make a decision about which sports betting site to visit, it’s important to consider the quality of their customer support service. This is often overlooked when choosing a site. The support team members of a sports betting site are usually assigned to handle various aspects of the customer support process. Some of these include answering live chat, telephone support, and an email contact form.
Although it’s a vital part of the operation of a sports betting site, the quality of their customer support service is often overlooked. To find the best online sports betting sites in Sri Lanka, we checked the support services of these establishments. These factors are important enough to determine the success of a support team. If you want to know how good a support team is in Sri Lanka, just look at the performance of the country’s betting sites.
Future of betting in Sri Lanka
Although sports betting is not new in Sri Lanka, it’s not clear when it started or if it existed prior to the Civil War. The government started noticing its potential opportunity in 2009. Despite the number of regulations that have been implemented in the country, the market for online betting is still relatively small. Its popularity seems to be based on the unguarded nature of the offshore market.
The evolution of digital platforms and the increasing number of people interested in gaming has raised the bar for the industry. This is why the government is likely to regulate it on a local level. The government’s goal is to stimulate tourism through the gaming industry. This is evidenced by the number of establishments in the capital city, which includes the iconic Star Dust Casino.
Get more information about the Betting Sites in Nepal
Due to the variety of operators and the number of international brands that are available in the market, it is hard to pick which site is the best bet site in Sri Lanka. But, in case you are still not convinced, we have listed down the best online sportsbooks in the country. To keep up with all the latest news and reviews about the online betting industry in Sri Lanka, follow us and subscribe to our newsletter.