The Best Betting Sites in Sri Lanka – Top Sri Lankan Sportsbooks for 2021
Like in many other Asian countries, people in Sri Lanka have recognized betting as a favorite way to relax. There’re many bookies in the country, some dating back to the 1950s. In this article, you will find the best betting sites in Sri Lanka. You’ll learn about the lucrative deals offered by the Sri Lankan sportsbooks and much more.
Bet at Safe Bookies Verified by our Reviewers
Available Leagues and Events
Top Bonuses and Promotions
Moreover, we will present valuable information about the available odds, sports markets, and types of bets. Don’t miss the detailed evaluation of every aspect of the gambling industry according to the most vital criteria. Discover the top sports betting site in Sri Lanka and how it stands out from the rest.
Top 10 Sports Betting Sites in Sri Lanka
At the beginning of our market evaluation, we did a detailed inspection of all legally operating bookmakers and selected those that best match our criteria. In order to determine the best sport betting sites in Sri Lanka, it is necessary to look at each one from every important point of view.
In the table shared below, you can find our top picks together with some essential information like bonuses, payout rates, available sports markets, etc. Undoubtedly, there are many vital elements when choosing a suitable operator. We did our best to review the most important ones before presenting this article to you.
|Best Betting Sites in Sri Lanka||Bonus Offers||Highlights||Rating||Secure Link||T&Cs|
|William Hill||Get €30 in Free Bets||35+, 452+, 94.82%||Visit Site!||New online customers only, min £10 stake, win only, min odds 1/2, free bets paid as 2 X£15, 30 day expiry, free bet/payment method/player/country restrictions apply|
|Betway||Up to $30 in Free Bets||31+, 211+, 93.75%||Visit Site!||Min Deposit: €/$10. First deposit matched up to €/$30. 1x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only Terms apply|
|NetBet||50% up to $/€50 on First Deposit||31+, 159+, 96.54%||Visit Site!||Register with bonus code: WELCOME50, Go to the cashier and make a deposit, 6x Wagering, 60 Days Validity|
|22bet||100% Up to 25.000 LKR||34+, 1603+, 93.25%||Visit Site!||If the bonus is credited to the bonus account for sports betting, the wagering requirement will be 5x the bonus amount in accumulator bets. Each accumulator bet must contain at least three selections. At least three selections in each accumulator must have odds of 1.40 or higher. 7 days validity|
|888sport||Bet $10 Get $30 in Free Bets||28+, 161+, 94.23%||Visit Site!||Min deposit $10 • A qualifying bet is a ‘real money’ stake of at least $10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply|
|Betsafe||100% up to €25 + €10 Free Bet||31+, 231+, 93.14%||Visit Site!||Your bonus amount needs to be wagered 5 times in Sportsbook or horse racing, on odds of 1.50 or greater. After 30 days the bonus and all accumulated winnings will expire automatically and irrevocably.|
|Betfair||Play With €40 When Depositing €20||30+, 174+, 94.83%||Visit Site!||Commit €20 via the promo hub on Sportsbook to qualify. Buy in and Bonus must be wagered 10 times within 90 days. Min odds 1.6. Debit/credit card deposits only. Full T&Cs|
|MansionBet||$/€20 in Free Bets||31+, 171+, 92.17%||Visit Site!||New customers only, min deposit and bet 10€ from debit card only. Min odds evens (1/5 per multi. selection) 4x5€ Free Bets valid for 7 days, stake not returned, no cashout.|
|Matchbook||Get $/€10 When You Bet $/€10||13+, 97+, 95.50%||Visit Site!||The bonus will need to be rolled over once at odds of 2.0 or more before it can be withdrawn. 7 days validity|
|PaddyPower||€20 Risk Free First Bet||33+, 142+, 93.21%||Visit Site!||New customers only. Place your FIRST bet on any sportsbook market and if it loses we will refund your stake in CASH. Max refund for this offer is €20. Only deposits made using cards or Apple Pay will qualify for this promotion. T&Cs apply. Paddy's Rewards Club: Get a €10 free bet when you place 5x bets of €10+. T&Cs apply.|
Beyond any doubt, every sportsbook that has found a place in our ranking enjoys an excellent online reputation. In addition, it is licensed according to industry standards and is entirely safe for punters to use. Of course, every brand is best in something, and that’s why we would like to introduce the best online betting sites in Sri Lanka by category.
|Best Betting Site in Sri Lanka||William Hill|
|Top New Site in Sri Lanka||22Bet|
|Best for Bonuses||888sport|
|Top Mobile App||Betway|
|Best for Live Betting||Betsafe|
In case you don’t have a favorite bookie, our review will definitely help you form an opinion and ease your choice. We selected a wide range of criteria and subjected each betting site to a thorough analysis. In the following sections, we will provide detailed information about all the factors we have taken into account.
In case you are willing to find more in-depth information about the Sri Lankan sports betting industry, it might be useful to read some of the actual news. You will find links to some of the most trusted sources we use to get acquainted with the latest trends in the world’s gambling sector.
The Criteria for Finding the Best Online Bookmakers in Sri Lanka
In order to find the current leader among all operating bookmakers in the country, we had to compare each one according to the most relevant betting categories. Although the local market is not one of the largest, it took us a lot of time to prepare our final listing, containing the names of the finest sports betting sites.
You can find some of the ranking criteria down below. Usually, these factors determine in the best way the top bookmakers from all the rest. In case you are willing to find the best Sri Lankan odds, click on the criterion and jump to the relevant section. You can do the same with any of the highlighted elements or just continue further and read everything in sequential order.
Sports and Leagues
For every player, the available variety of sports betting markets is of significant importance. Often that is the only element that matters for many. Having a wide choice of events and leagues is deeply appreciated by punters. In light of that, down below, we introduce the most common markets offered by the sports betting sites in Sri Lanka.
Volleyball is the Sri Lankan national sport. The people’s love to watch and wager on such games is well-known. Naturally, the volleyball betting sites in the country offer a huge number of matches from both the local league and worldwide. All games from the CEV Champions League are also available.
Similar to all over the world, soccer has a huge fan base in Sri Lanka. The fact that the country’s national team is not among the top Asian ones doesn’t stop the people’s passion for that sport. You can find numerous soccer betting options. You can wager on the local Dialog Champions League as well as on any world-famous championship.
Another sport greatly appreciated by Sri Lankan fans is tennis. You can wager on any popular tournament, including the French Open, Australian Open, US Open, and of course, Wimbledon. The top tennis betting sites offer in-play betting as well. It is a great sport and covereld well by all the operators we feature on this page and beyond.
On the other hand, rugby is one of Sri Lankan’s traditional sports, dating back from the middle of the 20th century. Punters can find rugby betting opportunities with almost every of the country’s best bookmakers. The local Dialog Rugby League is exciting, just like the mighty Six Nations clash or the Rugby World Cup.
How about basketball? There are many fans of this intensive sport in the country. With 26 different associations across the island, Sri Lanka is definitely providing many possibilities for watching and wagering on basketball. Furthermore, the best basketball betting sites cover foreign leagues, including NBA and EuroLeague.
Cricket is one of the most widespread sports in Asia, including Sri Lanka. The people’s devotion caused many bookies to start offering diversified cricket betting events. You can find a wide range of tools and place your wager on the world’s most famous championships like IPL, ICC World Cup, and the Big Bash.
The list of available sports is not limited to these six only. The top bookmakers regularly improve their portfolios and add new markets, trying to attract a broader spectrum of punters. You can also find athletics, cycling, golf, boxing, weightlifting, and dozens more at any reputable Sri Lankan betting site.
Generally, every bookie offers the most famous leagues and tournaments. However, our evaluation is not based on that fact only. We are also interested in finding the sites providing access to the various under divisions, college championships, betting on reality shows, and even politically connected events.
Payout, Odds and Lines at the Best Bookies
Punters are often searching for suitable betting sites according to the available odds and over payout rates. While the first determine good wagering opportunities, the others are showing how rewarding the operators are. Usually, the best odds bookmakers also provide decent line handicaps allowing you to understand better the potential winning chances.
Take a look at the best betting sites in Sri Lanka for payout rates down below. We carefully checked all the numbers and calculated the average coefficients for all presented bookmakers. However, keep in mind that the numbers are just theoretical, and you must base your betting strategy on additional components.
- William Hill – 94.82% Payout Rate
- Betway – 93.75% Payout Rate
- NetBet – 96.54% Payout Rate
- 22Bet – 93.25% Payout Rate
- 888sport – 94.23% Payout Rate
- Betsafe – 93.14% Payout Rate
- Betfair – 94.83% Payout Rate
- MansionBet – 92.17% Payout Rate
- Matchbook – 95.50% Payout Rate
- PaddyPower – 93.21% Payout Rate
Moreover, the rates are different in every sports market. Naturally, the bookmakers’ odds differ from league to league and depend on the fact, which rivals will compete. Even so, you can use the information above for general analysis and determine which operator is more likely to pay back to its customers.
Betting Offers: Bonuses and Betting Sites Promotions
Nowadays, sports betting sites face severe competition. The punters’ interest is also rapidly growing, but often, more than just good odds is needed. One of the most common tools is offering lucrative betting offers to start with. Bonuses can be used for testing different platforms or just playing with a better budget.
|Sri Lankan Betting Site||Welcome Bonus||Deposit Features||Rating||Secure Link||T&C’s|
|William Hill||Bet £/€10, Get £/€30 in Free Bets||2x (Deposit +Bonus), 30 days, 1.50||Visit Site!||New online customers only, min £10 stake, win only, min odds 1/2, free bets paid as 2 X£15, 30 day expiry, free bet/payment method/player/country restrictions apply|
|Betway||Up to €30 in Free Bet||1x, 7 days, 1.75||Visit Site!||Min Deposit: €/$10. First deposit matched up to €/$30. 1x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only Terms apply|
|NetBet||50% up to $/€50 on First Deposit||8x, 60 days, 1.60||Visit Site!||Register with bonus code: WELCOME50, Go to the cashier and make a deposit, 6x Wagering, 60 Days Validity|
|22Bet||100% up to 25.000 LKR||5x, 7 days, 1.40||Visit Site!||If the bonus is credited to the bonus account for sports betting, the wagering requirement will be 5x the bonus amount in accumulator bets. Each accumulator bet must contain at least three selections. At least three selections in each accumulator must have odds of 1.40 or higher. 7 days validity|
|888sport||Bet €10 Get €30 in Free Bets + €10 Casino Bonus||1x, 7 days, 1.50||Visit Site!||Min deposit $10 • A qualifying bet is a ‘real money’ stake of at least $10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply|
Bettors can find a wide variety of online bonuses and promotions. The most common one is the deposit match, which usually can be claimed from any newly registered user. In addition, you can receive bet credits, cashback offers, discounts, and many others. Overall, the bookmakers’ free bets are the most attractive types of stimulation but are they really with no strings attached?
|Bonus Category||Betting Site|
|🥇 Best Bonus in Sri Lanka||22Bet|
|🥈 Great Wagering Requirements||William Hill|
|🥉 Top Promotions||NetBet|
|◻️ Best Cashback Options||888sport|
|◻️ Highest Free Bets Offer||Betsafe|
|◻️ Top Deposit Match Offer||Betfair|
The answer to that question might be different for every separate bookmaker. The sportsbook bonus rules must be described in detail in the site’s Terms and Conditions policy. Look for the offer’s validity period and any wagering requirements like minimum odds or maximum wager size.
All betting websites are obliged to maintain a full and complete user manual with all the necessary information from step one until the end of the process. During our evaluation, we checked and confirmed that as well. In conclusion, remember that the bonuses are meant to prolong your experience, and it usually takes time and effort to meet the wagering requirements.
Bookmakers also provide various VIP schemes designed for the most regular users. Similar to any business, not just the new arrivals are important but also the loyal customers, which have decided to stick with the platform. In light of that, you can find many betting sites promotions, reload bonuses, and other incentives.
Type of Bets
Another element of the best sportsbooks is the number of available betting types. The more diversified your portfolio is, the better chances you have to bring the attention of more punters. Players in Sri Lanka can use various systems in addition to the classic wagering types. Some of the most popular ones are parlay, moneyline, handicap, total, accumulator, etc.
Below we highlighted the most common ways to place a bet in Sri Lanka. Each of the recommended operators strives to deliver as many of them as possible and constantly increase the number of available options. Of course, some of them depend on the supported sports markets as well, but overall you will not be left disappointed.
Another reason for the best betting sites in Sri Lanka to offer a wide range of betting tools is the different tastes of the local players. It is normal for every punter to have its own personal preferences. However, diversifying your strategy from time to time will help you to improve your performance, skills, and naturally, chances to win.
Safety and Security
Browsing online is always connected to various security issues. Not just in gambling, but the sector is in our scope today. The safest online betting sites are licensed, regulated, and appropriately encrypted. We always check how reliable is the website’s protection of all bookies that we evaluate. The safety of your personal and banking details is a crucial factor.
Some of the most reputable companies in that regard are GoDaddy, RapidSSL, and Cloudflare. They develop, deliver, and certify encryption mechanisms designed to keep the cyber threats away. Thus, players can concentrate on their play, knowing that their security is ensured. In the table, you can find more of the most respected IT security companies in the industry!
We are dedicated to the promotion of genuine and legit betting sites only. Every suggested bookmaker has proven to be transparent, licensed, and trustworthy. Furthermore, they care about the users’ safety and implement modern encryption technologies to protect their sensitive information.
- Global Sign
- National Council for Problem Gambling
Compulsive gambling is a serious problem that the online gambling industry is dealing with. The easy access to so many games and sports markets deepens it. Because of that, every sports betting site is working closely with a few problem gambling organizations. They also use sophisticated methods and systems to locate such players and offer them self-exclusion or additional assistance.
If you need help, you can contact the company or search for the logos of the agencies mentioned above. They must be clearly situated, next to the bookmaker’s license information, or in the Terms and Conditions policy. You can also search for information about which agency performs the RTP analysis and who takes care of the platform’s security.
Bet on Mobile with the Best Sports Betting App
The fascinating development of modern technologies provides punters with the chance to play on the go. Undoubtedly, that’s very convenient given today’s busy way of life. Some bookmakers invest a substantial amount of money into the development of mobile-friendly platforms. One of our main tasks was to find the most thrilling iOS and Android Sri Lankan betting apps.
When it comes to evaluating such a platform, we have to consider many essential factors like the quality of design, how intuitive the interface is, what features we can use, etc. The best sports betting app must be easy-to-use but at the same time, diverse in terms of features services. Explore the top Sri Lankan betting apps down below.
- Wiliam Hill Mobile App – Best for Android Devices
- Betway Mobile App – Top Special Features
- 22Bet Mobile App – Best Mobile Bonuses
- 888sport Mobile App – Top Platform Functionality
- Betsafe Mobile App – Best iOS Mobile App
The top mobile platforms and native apps also offer a direct live stream of various matches and sports events. You can just watch or place wagers whenever you believe the time is right. The livescore screens deliver a thrill of a new generation to the most passionate users.
Live Betting & Live Streaming
Probably here is the moment to develop the topic a little more. Live betting is one of the most exciting features offered by modern sports betting sites. It allows real-time tracking of different sports events and the simultaneously placing of bets. Whether through live streams or on livescore tables, punters feel much more involved in the action.
Take a better look at the highlighted table down below. There we presented the best live sports betting sites in Sri Lanka. You will quickly notice the massive number of available events every day. Point your attention to the available bonuses as well, and to the flawless sportsbooks’ reputation.
|Live Betting Site||Welcome Bonus||Live Features||Rating||Secure Link||T&C’s|
|William Hill||Bet £/€10, Get £/€30 in Free Bets||55+, Yes, Yes||Visit Site!||New online customers only, min £10 stake, win only, min odds 1/2, free bets paid as 2 X£15, 30 day expiry, free bet/payment method/player/country restrictions apply|
|Betway||Up to €30 in Free Bets||78+, Yes, Yes||Visit Site!||Min Deposit: €/$10. First deposit matched up to €/$30. 1x wagering at odds of 1.75+ to unlock Free Bet. Credit Card, Debit Card & PayPal deposits only Terms apply|
|NetBet||50% up to $/€50 on First Deposit||57+, No, Yes||Visit Site!||Register with bonus code: WELCOME50, Go to the cashier and make a deposit, 6x Wagering, 60 Days Validity|
|22Bet||100% up to 25.000 LKR Welcome Bonus||143+, No, Yes||Visit Site!||If the bonus is credited to the bonus account for sports betting, the wagering requirement will be 5x the bonus amount in accumulator bets. Each accumulator bet must contain at least three selections. At least three selections in each accumulator must have odds of 1.40 or higher. 7 days validity|
|888sport||Bet €10 Get €30 in Free Bets + €10 Casino Bonus||59+, Yes, Yes||Visit Site!||Min deposit $10 • A qualifying bet is a ‘real money’ stake of at least $10 • Min odds 1/2 (1.5) • Free Bets credited upon qualifying bet settlement and expires after 7 days • Free Bet stakes not included in returns • Casino Bonus must be claimed within 7 days • To withdraw bonus/related wins, wager bonus amount x40 within 14 days • Casino bonus expires after 60 days • Withdrawal restrictions & full T&Cs apply|
Furthermore, every chosen bookmaker provides a cash-out opportunity. Even if live streaming is not available, you can still do in-play betting. During the game’s progress, you might decide that the odds are not so good anymore and it’s the right time to close your position. The cash-out feature allows you to collect your money and optimize your results instantly.
Payment Methods at Sri Lankan Betting Sites
Another significant detail of our complete evaluation of the Sri Lankan market is the payment methods. And more precisely, the variety of such tools. Often punters choose alternative sites just because they support their favorite payment system. The best sports betting site in Sri Lanka must be able to deliver a full and satisfying service in that direction.
Below, you can find the most common and prefered methods provided by the best betting sites in Sri Lanka. As you can see, together with the classic VISA and MasterCard, punters can choose from various eWallets like Skrill and Neteller. Bitcoin payments are also possible.
|Payment Method||Type||Deposit Limit||Deposit/Withdrawal||Payment Fee|
|Visa||Credit/Debit Card||1€ – 99.000€||Yes / Yes||No Fees|
|Mastercard||Credit/Debit Card||1€ – 99.000€||Yes / Yes||No Fees|
|Maestro||Debit Card||€10 – 99.000€||Yes / Yes||No Fees|
|Skrill||eWallet||€10 – 100.000€||Yes / Yes||No Fees|
|Neteller||eWallet||€10 – 32.000€||Yes / Yes||No Fees|
|PayPal||eWallet||€10 – 8000€||Yes / Yes||No Fees|
|Bitcoin||Crypto Payment||0.03mBT – N/A||Yes / Yes||No Fees|
|Paysafecard||Prepaid Card||€10 – 250€||Yes / No||No Fees|
|Bank Transfer||Bank Transfer||€10 – 120.000€||Yes / Yes||No Fees|
Remember that the deposit and withdrawal limits might not be the same at the different bookmakers. Although each one of them strives to deliver the best conditions, various restrictions may apply. Furthermore, be aware of the fees that might be charged in addition, especially for larger transactions.
To avoid unnecessary risks and frustration, punters often use the PayPal services. That is one of the most reliable systems for online payments. Besides being extremely safe and customer-orientated, the service also ensures fast and often costless transactions. Luckily, the PayPal betting is allowed in Sri Lanka.
- Fast Transactions
- Incredible Security
Although the eWallet’s services are tax-free in most cases, it’s possible in limited occasions some fees to be charged. However, you will be notified about that, and your consent will be sought. Nevertheless, the security which PayPal ensures is worth paying, and the system remains one of the most used payment methods in gambling.
The Website Functionality
The sportsbooks’ website functionality is one of the most important criteria for millions of bettors. At first glance, it seems irrelevant, but it’s actually what annoys players the most. If it’s not of high-quality of course! The platform’s design, used colors, needed clicks for a bet, and many other aspects are set in our final assessment.
Moreover, easy navigation throughout the website is also essential. Usually, the top betting sites are full of information, stats, livescore boards, and odds tables. High-quality filters will ease the searching process and will be deeply appreciated by users. The cashier functionality and fast data processing are essential as well.
Besides the main features, which every online betting site must have, there are various additional services, which are no less useful. For example, cashout option, livescore, fast betting, live streaming and in-play wagering. Virtual sports are another category, which becomes more and more popular.
Fortunately, our selection of the top five Sri Lankan betting sites performs almost flawlessly in that regard. Each sportsbook offers easy and smooth betting processes, live experience, and cashing out during the events’ progress. The last might save you a lot of money if you are a more risky player.
|Betting Site||Live Streaming||Cashout||Livescore||Fast Bet||Virtual Sports|
However, there are some bookies that currently do not support live streaming. They still provide dozens of in-play betting events, but you will need to satisfy your thirst by following the board stats only. Overall, our evaluation has shown that several bookmakers are pretty close to offering the optimal sports betting conditions!
The Customer Service
However, before deciding which one is worth your attention, let’s see the quality of the customer support service. Indeed, that’s one of the most underestimated departments but, on the other hand, the most useful when players encounter difficulties. We checked the service entirely in an attempt to determine the top sports betting sites in the country.
The most vital elements for any CS team are the available contacting channels, needed time for response, the agents’ competence, and working hours. You can see how well the Sri Lankan betting sites are doing in that direction. The most favored ways for contact remain live chat, direct phone line, and the email contact form!
|Contact Method||Availability at Sri Lankan Sportsbooks||Response Time||Usually Available|
|☎️ Telephone||Common||Up to 30 Minutes||24/7|
|📧 E-Mail/Contact Form||Common||Up to 72 Hours||24/7|
|👩⚕️ Live Chat||Common||Up to 15 Minutes||24/7|
|💬 Messenger||Common||Up to 45 Minutes||Not on Weekend|
|🌐 Social Networks||Common||Up to 2 Hours||Not on Weekend|
The team’s 24/7 availability is also common among the best bookmakers in the country. However, you need to consider the option for all agents to be occupied. In some cases, you will have to wait especially during the busiest hours. We recommend using the email form only if you do not need urgent assistance.
The Sportsbook Reputation
The online reputation also reflects on the popularity of the different betting sites. In fact, it could be the main reason for many punters preferring certain brands. Nowadays, you can find plenty of information on the Internet about any company, including the most famous bookmakers. Reading reviews will help you to find out some of the site’s most vital pros and cons.
Reputation is also the last criterion in our research. We checked many forums in order to find out which are top-performing sports betting sites. Remember that some opinions might not be entirely genuine and based on emotions, positive or negative. To get the whole picture, we had to check hundreds of articles for each sportsbook.
How to Open an Account at Sri Lankan Bookmaker
Each recommended online betting site in Sri Lanka also provides a simple registration process. However, a few steps are mandatory and must be completed before starting your adventure. First and foremost, you will need to fill the form and write down personal details like dates, address, phone and date of birth. Most probably, the chosen bookmaker will also need a copy of your ID Card or Passport.
Fill the form by providing the required personal information. Send via email the needed copies of your documents.
Choose a payment method and fill in the amount you want to transfer. Wait until the money arrives.
Choose your favored sports market and upcoming event. Check the odds, select the betting option, and how much you want to wager.
The verification process might take from a few minutes to several hours. Remember that it’s for security reasons. Once it’s all done, you will have to fund your account. For that purpose, take a look at the available variety of payment methods and choose the most suitable one. The last step is choosing a betting option and placing your wager!
eSports: CS:GO Betting Sites & More
Bettors are always looking for something fresh. The eSports games are not new on the market, but in the last several years, the punters’ interest is constantly rising. In light of that, Sri Lanks boasts several high-quality eSports betting sites.
Take a closer look at the best bookmakers offering such opportunities. You can find the most curious and intriguing esports on each of them, including CS: GO, League of Legends, Dota 2, and many others. Strategies and the First-Person Shooter genres are among the most popular. So, it’s not a surprise about the dozens of wagering options provided by the CS: GO betting sites.
|eSports Betting Site||Welcome Bonus||Highlights||Rating||Secure Link||T&C’s|
|William Hill||Bet £/€10 Get £/€30 in free bets||32+, 94.82%||Visit Site!|
|Betway||Up to €30 in Free Bets||43+, 93.75%||Visit Site!|
|NetBet||50% up to $/€50 on First Deposit||29+, 96.54%||Visit Site!|
|22Bet||100% up to 25.000 LKR Welcome Bonus||56+, 93.25%||Visit Site!|
|888sport||Bet €10 Get €30 in Free Bets + €10 Casino Bonus||10+, 94.23%||Visit Site!|
Esports betting is different from any other. The excitement is on a new level, and if you never tried that experience, we highly recommend doing it. As with any other sports discipline, in-depth knowledge of the best players and teams is required if you are hunting juicy profits. But it’s fun just to watch the games!
The Regulation of Sports Betting in Sri Lanka & the Gambling Environment
During the 26-years Civil War in Sri Lanka, sports betting and gambling at all was not officially regulated. In 2010, the Government issued a law paying more attention to the industry. Overall, punters are not restricted in any way and are allowed to gamble in the local casinos and betting shops. Offshore gambling is also legal, and there are no obstacles for the companies to provide services.
In the next several sections, we will explain the Sri Lankan environment in detail and try to determine the best sports betting site. Keep in mind that for the moment online gambling is still not regulated. When choosing a sportsbook, you have to check whether it is registered and supervised by any of the major administrative bodies like Malta Gaming Authority and Curaçao Gaming Control Board.
Gambling Commission & Licence
|🎰 Fixed Odds Betting Terminals||N/A|
|📑 Betting Shops||N/A|
|🏛️ Land-Based Casinos||N/A|
|💻 All Licensed Sportsbooks||N/A|
|🏆 Best-Rated Safe Betting Sites||Our Picks|
For the land-based casinos and betting structures, the requirements get heavier during the last decade. Since 2010, the finance minister of Sri Lanka has changed several times license fees and taxation rules. In 2019, the annual cost of obtaining a permit to operate was doubled and reached $2.2 million.
However, the loose offshore politics make all online betting sites legal. Therefore, Sri Lankan players can take advantage of relatively good deals and friendly betting requirements. The people’s natural love of sports and the easy market access made Sri Lanka an appetizing place for many companies.
Nevertheless, the online gambling share is small, and the market capitalization does not entice the Government to interfere. At least not yet! The grey area creates preconditions for abuse, so bettors must be cautious. Each sports betting site in Sri Lanka must be able to prove its legitimacy, although a local license is not currently required.
In order to prove that they are legal sports betting sites, international brands like William Hill and Betway present their licenses issued by world-famous regulatory agencies. You can see more information about that in the table below, where we extracted legal information for any of our top bookmakers’ picks.
- William Hill Global PLC – (William Hill) – Licence No MGA/CRP/121/2006-05
- Betway Limited – (Betway) – Licence No MGA/B2C/130/2006
- NetBet Enterprises Ltd. – (Netbet) – Licence No MGA/B2C/126/2006
- TechSolutions Group N.V. – (22Bet) – Licence No 8048/JAZ Curacao
- Virtual Global Digital Services Limited – (888sport) – Licence No MGA/CRP/543/2018
- BML Group Ltd. – (Betsafe) – Licence No MGA/CRP/108/2004
- PPB Counterparty Services Limited – (Betfair) – Licence No MGA/CRP/131/2006
- Mansion Europe Holdings Ltd. – (MansionBet) – Licence No 108 Gibraltar
- Triplebet Limited – (Matchbook) – Licence No 1827 Alderney
- PPB Counterparty Services Limited – (Paddy Power) – Licence No MGA/CRP/131/2006
Having registered by such authorities as MGA and Alderney Gambling Control Commission is not just mandatory for the betting sites. That way, they try to convince users of their safeness and legitimacy. You must avoid at all costs operators that are not capable of providing such information. Moreover, even if they do, we strongly recommend checking the license validity.
Websites to Avoid
Whenever you are shopping or paying for anything online, you must be careful and double-check the used websites’ safeness. The sportsbooks make no exception to that rule. Furthermore, you must be completely sure that the chosen online betting site is not blacklisted or reported for abuse of some kind.
We always keep an eye on the industry and search for information about such operators. Below you can see some companies considered unreliable. It is definitely a good idea to avoid them but also to learn why they have been determined not safe. Thus, you will be able to evaluate other sites in the future easily.
Reasons can be many and of a different character. In most cases, the absence of a valid license leads to blacklisting. Other common reasons are the players’ frequent mistreat reports, false odds, and operating on forbidden markets. Wagering is risky enough in general, and playing on trusted betting sites will save you unnecessary hassle.
History and Future
As we already mentioned, sports betting is not new for the Sri Lankan people. It probably dates long before the Civil War, but unfortunately, there is no official evidence. During the conflict, some land-based casinos paid taxes to the local administrations, and after 2009, the Government noticed the potential opportunity.
On the other hand, online betting was never so interested for the authorities in Sri Lanka. The reason is probably the relatively small market, which is still under development. While the land-based casinos face new laws and restrictions, it seems that offshore sports betting is led unguarded.
- 1983 – 2009: Civil War During the conflict, gambling existed but was not regulated. The Government had other issues to care about, and just after the war was over, special attention was paid to the sector.
- 2010: Gamble Regulation Law For the first time in Sri Lankan history, the Government passed a law for the regulation of all gambling activities in the country. So far, the land-based casinos and betting shops paid taxes locally, but that’s now about to change.
- 2019: Serious Changes in the Gambling Law The finance minister of the country announced changes in taxes and fees for the companies involved in gambling. The annual license cost doubles, and new higher taxes are about to be paid.
However, in recent years the interest in that entertainment type is growing exponentially. The fascinating development of digital and mobile technologies enhances progress. Like the land-based casinos’ history shows, whenever the niche becomes tempting enough, the Government will most probably regulate it on a local level.
Strict licensing and better control will be in the people’s interest but may cause some companies to withdraw from the market. Sri Lanka’s short-term goal is to stimulate tourism. So, more measures related to the land-based casino environment are to be expected. Let’s not forget that Colombo’s city is a home for the oldest brand Star Dust Casino, the popular Bellagio, and many others.
Betting in Sri Lanka: Conclusion
It is hard to say which is the best betting site in Sri Lanka as there are so many operators offering high-quality services and playing environments. Almost any world-known brand is accessible for the local bettors, which is truly fascinating given the island’s small size.
In case you are still wondering which one to choose, we would like to say that creating an account on any of the top selected sportsbooks will not be wrong. In the list below, we did our best to extract the best aspect of each site. Besides the chosen field, be sure that you will find excellent services in each direction.
- William Hill – Best for Mobile Betting
- Betway – Top Sports Markets
- NetBet – Great Odds
- 22Bet – Top eSports Opportunities
- 888sport – Best for Live Betting
- Betsafe – Top Wagering Options
- Betfair – Great Promotions
- MansionBet – High Payout Rates
- Matchbook – Fantastic Bonuses
- Paddy Power – Best for PayPal Betting
Finally, we would like to thank you for spending your time being with us. Don’t miss any of our all betting sites reviews if you are eager to learn more about the industry. We promote only the best sportsbooks, and we’re not afraid to delete any article if we consider that the brand is no longer among the top ones!
Frequently Asked Questions
If you need any additional information about the top Sri Lankan betting sites, feel welcome to check the below FAQ section. You will find summarized information on every common topic we encountered. Don’t hesitate to contact us directly if you need any further assistance.
🥇What are the best betting sites in Sri Lanka?
We are regularly changing our selection of the top betting sites in Sri Lanka. Every bookmaker needs to keep up with the good work, and continuously offer the best conditions on the market. In case that changes, we are always ready to replace the brand with a better one.
🏆What betting offers can I find at Sri Lankan sportsbooks?
The country's market is not the largest in Asia but is quite well-diversified. The top bookies provide plenty of different and intriguing wagering options in general and according to the chosen category. Among the best betting offers in Sri Lanka, you can find deposit-matching bonuses, cashback deals, free bets, and numerous promotions.
⚖️ Is betting legal in Sri Lanka?
Betting in Sri Lanka is legal and bettors can wager on both local and offshore platforms. The sports betting regulation are strict for the land-based business while online gambling is still more or less in the grey zone. Even so, you need to be absolutely sure that the chosen bookie is properly registered and regulated.
💳 Is PayPal betting possible in Sri Lanka?
Yes, it is and actually, that is one of the most prefered payment systems. Players are able to choose from various tools, including bankcards, prepaid cards, ewallets and cryptocurrencies. However, we recommend betting using PayPal because of the extremely high security standards and fast transations.
🔍 Are there any new betting sites you can recommend?
Whenever we perform an evaluation of any market, we check in detail all bookmakers regardless of their experience. Other criteria are far more important for us, including security, trustworthiness, available markets, and quality of odds and payouts. You can see our top old and new betting sites in the last table on the page.
😎 Is live betting possible in Sri Lanka?
Each of the best Sri Lankan bookmakers provides the opportunity of in-play betting. It is one of the most trendy and modern ways of placing wagers. There are dozens of available events every day and most of them are available through live streaming. You can bet and cash out during the whole time!
👌 What is the best sport betting app I can download in Sri Lanka?
You can see our list of the top sports betting apps in the country. Keep in mind, that just like the bookmakers, the best-performing mobile platforms are constantly changing their terms. Therefore, they become more or less attractive, and that requires changes in our selection as well. Check this page accordingly and stay tuned with the most exciting gambling apps in Sri Lanka.
🏤 Is it possible to bet on elections?
Elections, reality shows and TV games are considered as more extraordinary and exotic betting markets. However, to determine the top bookies in Sri Lanka, we also check what types of less popular categories they offer. Betting on political events is available, although not so common as wagering on sports!