As a Middle Eastern country, Israel has a much-storied history that goes far back into the past. The region has been a part of many empires and its rich cultural tapestry has many influences. The country’s main financial and technological center is Tel Aviv. Jerusalem is the “self-proclaimed” capital although the international community does not recognize Israel’s sovereignty over Jerusalem.
The population here consists of about 8.5 million people and its citizens enjoy a high quality of life. Led by science and technology, energy, and tourism, this country has a strong economy and an excellent educational system. They also have some pretty confusing gambling laws. Sports betting, overseen by the Commission for Sports Gambling, while lotteries, which are in the domain of Mifal Hapayis, are legal and operated under a state monopoly. Israeli gambling laws prohibit casino gambling, bingo, and poker but there are now 4 newly opened casinos operating in the south-western border city of Eilat. These establishments were allowed to be built under special legislation in an effort to boost the sagging local economy and tourism. Horse racing appears to be next on the agenda but nothing is in place yet. The prohibition on gambling extends to online betting but the authorities do not appear to penalize those who enter into such activities. This means that while there are no casinos (except in Eilat) or other brick and mortar betting establishments, Israelis are more or less free to engage in these activities online even though it’s technically illegal.
Top 10 Gambling Sites for Israel
What are the Best Gambling Sites and Promotions for Israel?
Online gambling is illegal in Israel but the government seems content to not interfere with these activities. Online gambling sites are not blocked and players are not prosecuted. This makes Israeli online gamblers happy and it also deeply pleases the betting sites that accept bets from Israeli online bettors. As usual, the biggest and most respected brands in the industry have a presence and they are handing out some terrific bonuses to Israeli internet bettors. 5 Dimes will start you off with $50 worth of betting bonuses and claiming $100 in bonuses is a snap at Casino Mate, and Intertops. It’s simply too easy to snap up the €100 bonuses that are waiting for you at OptiBet and Casino Floor and the €1,000 welcome bonuses at Red Kings.
Poker bonuses abound as well which is welcome news to Israeli poker players. Bet1128 and TonyBet will give you a big stack of chips with their €500 in bonuses. 32Red, Intertops and BetOnline deal you a great hand with €1,000 worth of extras while RedBet and Red Kings sweeten the pot with bonuses worth up to €2,500 for Israeli poker players.
There are a lot more bonuses and incentives where these came from. Israeli online bettors will find the latest generous bonuses at Gamblingjudge.com.
How Regulated is the Israeli Gambling Market?
The sports betting sector and the lottery sector are both tightly regulated state monopolies. With the exception of the 4 state-run casinos in Eilat, no other legal gambling platforms are available which means that no regulations are necessary. There were recently 4 casinos put into operation which were allowed under special legislation. As of now, online gambling in Israel remains officially banned but the government turns a blind eye to both players and operators.
Is Gambling Legal in Israel? What is the Legal Betting Age?
Israeli gambling laws declare that all forms of gambling, with the exception of sports betting and lotteries, are forbidden. However, the government does not penalize those who gamble online. There were 4 casinos opened recently and the government is still trying to figure out a regulatory framework. The legal age to place a bet here is 18.
Does Israel Tax Gambling Winnings? How do Players have to Declare them?
Israeli’s who are lucky enough to win money at gambling must pay taxes on those winnings. The rate varies for winnings between NIS 50,000 and 100,000 and prizes above NIS 100,000 are subject to a 30% tax that is deducted at the source.
What Currencies and Payment Methods do Israeli Players Generally Use?
The official currency of Israel is the New Shekel and it is accepted throughout the country. Those looking to do financial transactions with online gambling sites can generally use credit cards, prepaid cards, and eWallets like Neteller and Skrill. Israeli online players are strongly urged to check with their preferred gambling site to see what methods are available.