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An Introduction to Offline and Online Gambling in Armenia

The Armenian gambling scene is thriving, but…

The surge of gambling in Armenia is a major source of controversy. Its popularity is blemished by the growing track of gambling-related problems.

Read this page to find out about land-based and online gambling in Armenia.

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Gambling in Armenia: An Overview

Armenia legalized gambling in 1991 through the Law on Games of Chance and Casinos. The government regulates gambling in Armenia.

The country has a well-developed gambling industry in both land-based and online platforms. Armenia hosts casinos, slot halls, horse racing betting, and the Armenian Nationwide Lottery.

Despite its poverty, Armenia faces a significant issue with the popularity of gambling. Gambling in Aremenia is particularly popular among the poorest citizens. Stricter regulations are a consequence of a series of suicides gained national attention. Armenian players who voluntarily request exclusion are barred from gaming venues.

However, gambling serves as a vital revenue source for the government. Hence, gambling is one of the most taxed sectors, along with tobacco and alcohol.

Regulatory Framework and Importance

The government regulates the gambling in Armenia through strict laws and regulations. The Ministry of Finance is the primary regulatory body. They are responsible for issuing licenses and overseeing gambling operations. Gambling operators must secure a license from the Ministry to operate.

The legal framework is based on the current Law of the Republic of Armenia on Games of Chance and Casinos.

This regulatory framework aims to prevent problem gambling and underage gambling.

Gambling taxation is an important aspect. The government imposes taxes on winnings and operations. The generated revenue supports public services and infrastructure projects.

Since the 2018 amendments to the legislation, Yerevan cannot host any Armenian casinos. The free areas to establish casinos are:

  • Tsakhkadzor
  • Sevan
  • Jermuk
  • Meghri

Online gambling in Armenia became legal in Armenia in 2004. To learn more about online casinos in Armenia check out this page.

TotoGaming dominates the domestic gambling market. It has a near-monopolistic control on online platforms, too. The company offers various forms of online gambling like: internet sports betting, online casino games, digital lottery.

Popular Gambling Activities in Armenia

Casino Gaming in Armenia

Armenia hosts several casinos offering a wide range of games like:

  • slot machines in Armenia
  • roulette in Armenia
  • blackjack in Armenia
  • poker in Armenia

These are mainly located in tourist areas and cities, except for Yerevan.

Sports Betting in Armenia

Sports betting is another popular gambling activity. Football, basketball, and tennis are among the most popular sports in Armenia,

Sports betting became legal in Armenia in 2004.

Two major Armenian bookmakers are TotoGaming and VivaroBet. Don't get confused; they have been rebranded as VBet under Soft Construct CJSC since 2003). These companies operate private betting shops.

Vivarobet is the largest sportsbook in the country. They manage 15 betting shops throughout Armenia.

Online sports betting in Armenia is also legally permitted. Only licensed bookmakers, including a few international ones, can accept Armenian players.

Lotteries in Armenia

The state lottery is a favored choice among Armenians.

The Armenian National Lottery holds a monopoly on online and offline lottery. The same company runs keno and scratch cards.

Popular Online Gambling Activities in Armenia

Online gambling has grown in popularity in Armenia since its legalization in 2004. The most popular online gambling activities include:

  • Online Casinos in Armenia
  • Online Sports Betting in Armenia:
  • Online Poker in Armenia
  • Online Roulette in Armenia

Find the best online casinos in Armenia on this page.

Cultural and Social Aspects of Gambling in Armenia

Gambling is both a popular form of entertainment and a subject of social debate in Armenia. On one side, gambling provides entertainment and a potential source of income. Yet, concerns about gambling addiction and its impact on society are also prevalent. 

The government and various organizations work towards promoting responsible gambling practices. They also provide support for those affected by gambling problems.

Conclusion

Under a regulated framework, gambling in Armenia offers a variety of activities. The country has a well-honed gambling industry. That goes for land-based and online platforms alike.

The government regulates gambling in Armenia to ensure fair play and player protection. Despite the country's poverty, gambling sectors contribute to the country's economy.

Article Author - Dave Tamir
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