- Online Casinos
- Payments Guide
- Casino Games
- Best Casinos
Cyprus, a beautiful and sunny country located in the Mediterranean, with its cyanic sea and unspoiled nature, is a summer paradise attracting tens of thousands of tourists each year. As well as learning about the Cypriot gambling laws, we’ll also cover a vast amount of information about why online gambling is so popular in Cyprus.
List of the Best Casinos in Cyprus
The Legalities of Gambling in Cyprus
When it comes to gambling in any country, it is always important to know about the various laws and regulations around the topic. A new law was passed in Cyprus in 2012 that banned all forms of online gambling at Cyprus online casinos, with one exception. Sports fans in Cyprus will be thrilled to hear that they can legally bet on any of their favourite sports online, without fear of repercussions for doing so, so long as it’s done at a sportsbook that holds a Class B licence.
Despite the fact that most forms of online gambling are illegal in Cyprus, there are multiple online casino sites that offer Cypriots the chance to gamble on their platform.
The reason offshore sites are making their platform available to Cypriot punters is that there’s a grey area that they take advantage of. Cyprus is a part of the EU, which means that the EU gambling directives, specifically Article TFEU, apply to Cyprus.
Seeing as Cyprus online casinos can only obtain a Class B licence, they are in violation of this article, leaving Cypriots free to enjoy online gambling without being worried about the fear of persecution. You should, however, be careful when gambling at online casino sites as Cyprus’ state law does state that online gambling is prohibited so you should always try to do so as safely as possible.
We’d definitely suggest making use of a trusted VPN when gaming online. If you aren’t willing to take a chance, then there are multiple brick-and-mortar casinos for you to enjoy across the island, where you can gamble legally.
It makes sense to know whether or not you’ll need to pay tax on casino winnings. Seeing as online gambling isn’t allowed in Cyprus, your winnings are yours to keep! Cyprus online casino sites usually pay the necessary taxes meaning you don’t need to. The only time any form of gambling winnings is taxed is if you play the lottery and win $5,000 or more. Other than this, you can happily do whatever you want with all your winnings.
Cyprus Gambling Licencing Body
Within Cyprus, there is only one regulatory body for both land-based casinos and online betting sites, and that is the National Betting Authority (NBA). Cyprus has a gambling licence issued by the NBS in accordance with the Betting Act 2012. This is a licence that can only be applied for by traditional betting houses or online sportsbooks, both of which exclude those for horse racing, which is class A. Presently, players in Cyprus are allowed to engage in only one form of legitimate online gambling – online sports betting.
Popular Casino Games in Cyprus
There are thousands upon thousands of online casino games that Cypriot players love to indulge in! And while each person will have their own favourite games they like to play, we have come find that punters in Cyprus do tend to favour table games above all else. The most popular Cyprus online casino table games include:
Since players enjoy playing table games at Cyprus online casinos, many of the punters especially enjoy playing them against live dealers. They enjoy the thrill of playing at a live casino. While these, too, are not legally accessible, you can still do so if using a VPN and enjoy all the benefits of playing against live dealers. There are multiple online casino sites that accept players from Cyprus and have various live casino games on offer.
Slots will always be a familiar favourite in any country, and that’s no different in Cyprus. There’s just something exciting about spinning the slot machine reels and winning big. It has a feel of nostalgia to it. There are almost too many various slot games to choose from, but these are some of the familiar favourites:
Breakdown of Casino Slots
|Slot Name||Software Provider||Average RTP||Reels||Volatility|
|Book of Dead||Play’n Go||96.21%||5||High|
|Gonzo’s Quest||NetEnt||95.97%||6||Medium - High|
|Wolf Gold||Pragmatic Play||96.01%||5||Medium|
Cyprus Online Casino Bonuses
When you access online casinos that accept Cypriots, you will find a variety of Cyprus Casino Bonus offers. If you’re a new player at an online casino, you can take advantage of welcome bonuses to boost your bankroll.
Bonuses are a way for Cyprus online casinos to attract new players or reward their loyal clientele. Apart from the welcome bonus, there are multiple other online casino bonuses for Cypriot players to look forward to and they include:
Regardless of the bonus you’re planning to claim, you should always read the terms and conditions that come with it. Each bonus will come with its own set of wagering requirements, expiry date and even the maximum amount you can win with a bonus.
|Bonus Type||Reasons To Love It||Downfalls To It|
|Welcome Bonus||Play games for longer||Usually has high wagering requirements|
|Deposit Bonus||Extra funds to play with||Usually has high wagering requirements|
|No Deposit Bonus||No need to spend your own money||Often a low cash-out limit|
|Free Spins||Play new slots||Specific betting limits you need to follow|
|Cashback Bonus||No wagering requirements||Oftentimes only available to VIP members|
Popular Cyprus Payment Methods
Although many Cyprus-friendly casinos welcome players, you will find a few that have the country listed alongside its restricted countries. Don’t let this get you down though if it’s a casino you really want to sign up to, all you’ll need to do is make use of a trusted VPN.
Once you’ve signed up to your favourite website, you’ll need to deposit money into your Cyprus online casino account. This is the first step you’ll need to take in order to enjoy exciting casino games and the benefits of multiple bonuses. Below are some of the most popular payment methods you can use to fund your Cyprus online casino account.
Regardless of what your preferred payment method is, you will need to do some research on the casino you choose to play at to ensure that the method is available for both deposits and withdrawals.
Oftentimes punters are disappointed when finding an online casino they love and only later figuring out that the method they used to deposit money into their account cannot be used for withdrawals and they then need to choose an alternative method.
Breakdown of Cyprus Payment Methods
|Payment Method||Pros||Cons||Deposit Time||Withdrawal Time|
|Credit/Debit Cards||-Instant deposits -Safe & reliable||-Not everyone feels comfortable exposing financial details online||Instant||0-5 Days|
|e-Wallets||-Deposits are fast -No card details need to be shared||-Fees are involved||Instant||0-2 Days|
|Bank Transfer||-Easy to use -Safe & Reliable||-Long waiting period for transactions to be processed||Instant||0-7 Days|
|Cryptocurrencies||-Transact anonymously -Withdrawals are instant||-Limited amount of Cyprus online casinos accepting cryptocurrencies||Instant||Instant|
The NBA understands that there is a need for having an action plan in place when it comes to gambling as someone can easily get addicted. The National Betting Authority, through its new Responsible Gaming Action Plan for 2018-2022, acknowledges the need to protect society and vulnerable groups, without neglecting its responsibilities to ensure smooth betting activity. The Action Plan focuses mainly on the following:
In 2012, a new gambling law was passed that forbids all forms of gambling online except for sports betting which you can do safely and legally at any online Cyprus casino that offers a sportsbook.
The legal gambling age in Cyprus is 18 years and older, however, when gambling at offshore casino sites the age can differ. Some countries require you to be 21 years and older.
This will ultimately depend on what you’re looking for in an online casino in Cyprus. You will need to compare various bonuses, casino games and payment methods before making a final decision on which casino will be best for you.
Cypriot gamblers are not taxed on their winnings, except for winnings over €5,000 from the OPAP lottery.
If you choose to play at licensed and regulated online casinos, you will then be doing so safely. However, if you choose to play at an unlicensed Cyprus casino, you’ll then be taking a risk with your online safety.
This ultimately depends on which casino you choose to play at. Each online casino will have different payment methods on offer. The most popular ones you’ll come across on Cyprus casino sites include various credit and debit cards, e-Wallets, prepaid cards and cryptocurrencies.
Yes! Sports betting is currently the only form of online gambling that is legally allowed, so long as the sportsbook holds a Class B licence.
Definitely! Most online casino sites that accept Cypriot players allow them to claim various bonuses that are on offer. You can look forward to welcome bonuses, free spins, cashback bonuses and more!
Stay In The Loop With New Casino Sites & Offers!
Free Spins. Exclusive Bonuses. Sent Weekly.
After registering, you will receive 330 free spins without a deposit straight to your inbox..