Thanks to internet gambling services, sports fans can wager on their preferred teams from anywhere they like. Online sports betting has skyrocketed in popularity, but despite its clear benefits, privacy and security concerns have been raised. Only betting sites licensed by the Malta Gaming Authority should be used by online gamblers.
Nowadays, a lot of players are converging on platforms like MGA betting sites that don’t carry out player verification. When playing at an online casino or bookmaker for the first time, everyone can experience the thrill and have a great time. Plus, there are also many casino games, including baccarat, roulette, blackjack, and poker, in addition to live sports coverage. So, let’s find out more about online sports betting sites!
One of the most reputable gaming authorities in the world, the Malta Gaming Authority is known for making sure that only the best casinos are licensed to operate under its jurisdiction. This implies that you may be confident that any casino that has earned its endorsement will provide a fair, secure, and enjoyable gaming environment.
The MGA Licence is a great indicator of a trustworthy and secure casino as far as online gambling licenses go. Independent organizations routinely audit all MGA betting sites to guarantee player security and fairness.
Betting sites regulated by the Malta Gaming Authority are required to adhere to stringent guidelines concerning Player Protection, AML, and Fair Gaming. Below, you can learn more about this, as it can be a great option when you want to try playing at casinos without Swedish license.
Popular License Types of MGA
MGA betting sites are subject to MGA laws and are permitted to continue providing player service inside the MGA territories as long as they abide by the guidelines. Online gambling operators can apply for four different types of MGA gaming licenses.
Type 1: Casino Games License
This license pertains to establishments hosting online casino games like slots, blackjack, roulette, lotteries, poker against the house, and virtual sports. It’s a common requirement for global betting sites, including those without a Swedish license.
Type 2: Skill-Based Outcome Games
These games involve outcomes determined not by random chance but by external events or competitions. The house adjusts its risk by managing the odds it offers to players.
Type 3: Commission-Based Games
In this category, players don’t directly risk money against the house, and the operator doesn’t gamble either. Instead, the operator earns commissions or fees based on the stakes or prizes. Examples include poker, bingo, betting exchanges, and other player-versus-player commission-based games.
Type 4: Regulations for Skill-Dependent Games
This category encompasses regulations governing games that require a certain level of skill from the players.
MGA Gambling Taxes
Furthermore, what’s particularly attractive for MGA-licensed companies are the minimal tax obligations:
Class 1: €4,660 for the initial 6 months, followed by €7,000 monthly thereafter.
Class 2: A mere 0.5% levy on total turnover.
Class 3: A modest 5% tax on net profit.
Class 4: No gambling related taxes for the first half-year, €2,330 for months 7 to 12, and €4,440 per month thereafter.
Pros and Cons of Malta Betting Sites
There are a number of significant benefits to choosing to wager on MGA betting sites. Yet, keep in mind that there are certain drawbacks as well. So let’s go right to the point, as we list them both below:
Pros
Exemplary Safety Standards
The presence of the MGA’s emblem on a bookmaker’s website footer signifies a commitment to trustworthiness and safety. Bettors who choose bookmakers licensed by the MGA can be confident that EU GDPR securely handles their personal information and payment details. Moreover, each bookmaker must maintain separate bank accounts for their players’ funds, adding an extra layer of security.
Efficient Complaint Resolution
Submitting a complaint to an MGA-licensed gambling site is hassle-free. MGA license holders are obligated to acknowledge and address player complaints promptly within a 21-day timeframe. Players can escalate the matter to the official MGA platform if the resolution does not meet expectations.
Commitment to Player Protection
MGA bookmakers prioritize player welfare by partnering with reputable, responsible gambling organizations such as GamCare, Gamblers Anonymous, Gambling Therapy, and BeGambleAware. Additionally, the MGA has established the Responsible Gaming Foundation to promote responsible gaming practices further.
Crypto Payment Acceptance
With Malta emerging as a hub for Blockchain technology in the EU, MGA betting sites have embraced cryptocurrency transactions. Bettors interested in using cryptocurrencies like Bitcoin and Ethereum to fund their accounts will find numerous MGA bookmakers accommodating such payments.
Cons
Lack of spread betting options
If you enjoy spread betting and greyhound racing wagers, you may need help finding an MGA sportsbook that offers betting markets. The Absence of spread betting and greyhound licenses issued by the MGA contributes to this limitation.
Delayed resolution of complaints
When complaining to an MGA bookmaker, expect to wait several days for a response, and even then, a satisfactory resolution is not guaranteed. Fortunately, you can submit complaints through the official Malta Gaming Authority website, where they will assist you accordingly.
Absence of a dedicated self-exclusion program
Despite the establishment of the Responsible Gaming Foundation by the MGA in 2014 and the requirement for licensees to support services aiding those affected by gambling, a specific self-exclusion scheme similar to Gamstop, commonly found with UKGC licensees, has not been introduced yet.
Stringent verification procedures
MGA betting platforms prioritize preventing underage gambling, necessitating a thorough KYC verification process for users. Be prepared to provide all required documents during signup to ensure a seamless betting experience. You must do so to ensure your ability to participate.
Payment Methods at Malta Betting Sites
The best betting sites operated by the Malta Gaming Authority accept various payment methods, just like any other online betting site. In this manner, customers can easily select a practical payment option and finish transactions.
Some of the most well-liked payment option types for online sports betting sites with MGA are featured here.
Cryptocurrency is now a key part of iGaming, offering fast payments and cost-effectiveness. Many MGA betting sites accept cryptocurrencies like Bitcoin, Ethereum, and Litecoin. But understand crypto basics before using them for casino transactions.
E-Wallets provide another easy option across these betting sites Malta, allowing swift transactions without direct bank transfers. Signing up is simple, enabling quick gaming access and easy management of deposits and withdrawals.
Internet Banking offers a secure funding method, with transactions typically made through your bank account online. Some betting sites also provide third-party Internet banking gateways for broader accessibility, prioritizing security.
E-vouchers offer fixed deposit amounts and are available from trusted vendors, but they don’t support withdrawals. Consider alternatives if you need consistency in both deposit and withdrawal methods.
Depositing and Withdrawing Funds at MGA Betting Sites
Upon becoming a member of an online casino licensed by the Malta Gaming Authority (MGA), the initial step involves depositing. Typically, Malta betting sites require the first deposit to be made prior to claiming any welcome bonuses.
Therefore, mastering depositing and withdrawing funds is essential for enhancing your gaming experience and minimizing stress throughout your online gambling journey. Luckily, depositing funds in these casinos is a straightforward process.
Most MGA betting sites streamline the depositing process to fund your newly established account. The steps involved are clear-cut. Generally, you’ll only need to click the deposit button to initiate the process, choose your preferred payment method, input the desired deposit amount, and confirm the transaction. Within minutes, your account will be credited, allowing you to indulge in your favorite casino games immediately.
You may be fortunate enough to secure a substantial win during your gaming sessions. In such instances, you may opt to withdraw your winnings. Yet, it’s important to note that withdrawals are more instantaneous than deposits, necessitating a degree of patience when initiating a withdrawal request.
Fortunately, the process of requesting a withdrawal is uncomplicated. Most online betting sites offer user-friendly, step-by-step instructions to facilitate the process, enabling you to complete it swiftly within minutes.
Safety and Security of MGA Betting Sites
Your safety and security are vital when playing online. When you sign up for these casinos, you could be required to submit sensitive information. Consequently, picking a casino with excellent security will pay out greatly. Malta betting sites let you take advantage of this. Choose a reliable casino with an MGA license and take a chance.
Moreover, you have the option to research before registering. Verify that the SSL certificate is current and that the casino has safety precautions. You can be sure that your data is safe and secure after you’ve completed this.
Conclusion
Through its authorized local bookies, the Malta Gaming Authority hopes to provide a secure online betting environment for players. It is important to note that the Authority revised its standards for sports betting integrity on October 1, 2021, to address the risks associated with match-fixing and malicious sports betting.
The safety of players is a top priority for all MGA licensees, and they guarantee that players have appropriate dispute-resolution options. On the other hand, you should exercise patience since resolving complaints may take many days.
Furthermore, since MGA betting sites are not affiliated with any online gambling self-exclusion program like Gamstop, bettors who would like to self-exclude will be unable to discover a suitable method to do so. Also, be prepared to go through a rigorous KYC process if you decide to register with an MGA sportsbook.
Still, this precaution aims to protect gamers’ private data. Thus, MGA offers many respectable bookies if safety is your top priority in a bookmaker.
FAQ
Are MGA-licensed bookmakers secure?
Absolutely. All MGA online bookmakers adhere to rigorous security and safety standards set forth by the Malta Gaming Authority. They comply with regulations overseen by recognized auditors such as eCOGRA, iTech Labs, and GLI Europe BV, ensuring a safe gambling environment for users.
What are the functions of the Malta Gaming Authority?
The Malta Gaming Authority (MGA) is responsible for granting licenses to online gaming operators and overseeing their activities. Additionally, it is committed to promoting responsible gaming, protecting vulnerable players, and upholding their rights.
What is the cost of an MGA license?
The cost of an MGA license varies depending on its classification. For Class 1, 2, and 3 licenses, there is an annual fixed fee of €25,000. Conversely, for a Class 4 license, interested parties must pay €10,000.
How can I obtain a license from the MGA?
To secure a license from the MGA for your sports betting enterprise, you must apply through the Authority’s official website. However, meeting specific criteria is essential for eligibility. Notably, a key requirement is that your company’s senior executive must operate from Malta.
What is the duration of an MGA gambling license?
An online gambling license issued by the Malta Gaming Authority remains valid for five years. Operators seeking to renew their licenses should directly contact the Authority via its official website.
How many gambling companies hold MGA licenses?
Numerous online gambling enterprises fall under the jurisdiction of the MGA. While this review provides a comprehensive list of the top Malta bookmakers, the official MGA website contains information on all licensed operators.
Greetings! My name is Magnus Johansson and I come from Malmo, Sweden. I grew up in a family where card games were a part of everyday life. The main goal of my work is to provide Swedish players and bettors with safe and reliable information about casinos and betting sites without a Swedish license. My credo in life is to help players make informed decisions and avoid cheating in the gambling world.
