Armenian Dram

Armenian Dram Casinos

Discover how commonplace Armenian dram casinos are and if players in Armenia are invited to play at AMD online casinos as we look at the currency right here.

Armenia is considerably more open to internet bettors than many other countries in its vicinity. However, there is a big difference between playing at an AMD online casino that is officially licensed out of the country and an offshore Armenian dram casino. Ideally, you’ll want to choose a site that adheres to Armenian gambling laws, and we can help you do that with our list of top AMD currency casinos below.

Casino List with AMD Currency

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About the Armenian Dram in Gambling

The Armenian dram is used as the official currency of Armenia and the Republic of Artsakh. It also has a small following in Georgia, namely in the Javakhk region. The name of the currency comes from the drachma (Greek), dirham (Arabic), and a dram (English). The dram is an exceptionally old currency, being first used in 1199.

Of course, Armenia’s dram is far newer, become the official currency in 1993, two years after the country won independence from the then Soviet Union. The currency has undergone rises and falls over the years but isn’t pegged to any other currency. You can currently get around 490 drams to a single US dollar.  

Online Gambling in Armenia

Under the rule of the Soviet Union, the only form of gambling legal in Armenia was horse racing and the lottery. This changed when Armenia gained independence. Since then, operators (even offshore ones) have been permitted to obtain a license from Armenia’s Ministry of Finance to offer their services to Armenians legally. Legalised online gambling is an excellent source of revenue for the country, bringing the government $20,000 (9,647,784 drams) per licensed operator each year.

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