The Bahamas is a group of over 700 islands located between Florida and Cuba in the Atlantic Ocean. It is a popular destination for tourists who come to enjoy the hot weather, sandy beaches, and the many casinos that are situated within the country. In comparison to many other gambling jurisdictions, this region is not such a major player on the world stage. One of the contributing factors is that residents are more or less prohibited from betting at both land-based establishments and online gambling sites. Of course, where there is a will there is a way.
Revenues from gambling come from the 5 – 6 million tourists that flood the country on an annual basis. In 2013, the Bahamian Gaming Board Chairman described the country’s $145 million in gaming revenues as “stagnant” but he believes that the country could be a major player in the gambling industry if changes to current gambling laws were implemented. As of this writing, there are no changes on the immediate horizon.
Top 10 Gambling Sites for Bahamas
What are the Best Bahamian Gambling Sites and Promotions?
Bahamian online gamblers in should keep in mind that it is illegal to place bets with any internet wagering site. With that said, they should also know that there are several offshore sites that accept Bahamian customers. The reality is that residents here are actively using internet gambling companies on a regular basis without any fear of prosecution.
As far as the best gambling sites in promotions, Bahamian residents have many options. The top brands in online gaming such as William Hill, Ladbrokes, and SportingBet are open to Bahamian residents and they all offer excellent bonuses and promotions. For more serious players ComeOn offers welcome bonuses of up to €2000. For the more recreational players and novices, RedKings offers easy to claim bonuses. Gamblingjudge.com currently lists 126 gambling sites that offer a wide range of great bonuses.
How Regulated is the Bahamian Gambling Market?
On paper, Bahamas gambling regulations appear to be very strict. The Gaming Board for the Commonwealth of the Bahamas does not issue licenses to online operators. Residents of this country are technically prohibited from online betting and they’re not allowed to gamble at casinos. However, in recent years a number of illegal “web shops” and card rooms have appeared and the authorities turn a blind eye. Despite these rigid Bahamian gambling regulations, Bahamians are actively using online casinos, online poker rooms, and online bookmakers without any fear of reprisal from the authorities.
Is Gambling Legal in the Bahamas? What is the Legal Age?
Casino gambling is one of the biggest contributors to the economy here but only the tourists are allowed to gamble at casinos here. Bahamas gambling legislation prohibits residents from gambling. As mentioned above, this prohibition that has been placed on residents has not stopped Bahamians from placing bets at internet gambling companies. The legal age for placing bets in the Bahamas is 18.
While there is a popular demand to make amendments to the gambling laws there’s nothing presently in the works.
Does the Bahamas Tax Gambling Winnings?
Bahamian tax laws do not require players to pay taxes on gambling winnings. Instead, they collect tax revenues from the casinos. Tax revenues from casinos account for a large portion of the government’s income. With so much more to be gained by permitting online gambling sites to operate here, many people think that it is just a matter of time before this country makes drastic changes to their outdated policies.
What Currencies and Payment Methods are Generally used by Bahamian Players?
The Bahamian Dollar is the official currency here although the American Dollar is widely accepted. When Bahamian online gamblers are looking to make deposits and withdrawals with online betting sites they have several options. The most common methods are using debit and credit cards. Prepaid credit cards and bank wire transfers are also among the most popular methods. EWallets such as EntroPay, Neteller and Skrill are accepted at most internet gambling sites while PaySafe, LavaPay, PoliPay, and PugglePay are also viable options for Bahamian punters.
Other methods such as Bitcoin and PayPal are accepted at some online establishments. Check Gamblingjudge.com’s sportsbook reviews to find out what options your gambling operator offers you. Don’t forget to look for the latest and greatest loyalty bonuses that the world’s top gaming sites are offering online players from the Bahamas.