Lysinibacillus sphaericus holds a significant agricultural importance by being able to produce insecticidal toxins and chemical moieties of varying antibacterial and fungicidal activities. In this study, the genome of the L. sphaericus strain 1795 is presented. Illumina short reads sequenced on the HiSeq X platform were used to obtain the genome’s assembly by applying the SPAdes v3.15.4 software. The genome size based on a cumulative length of 23 contigs reached 4.74 Mb, with a respective N50 of 1.34 Mb. The assembled genome carried 4672 genes, including 4643 protein-encoding ones, 5 of which represented loci coding for insecticidal toxins active against the orders Diptera, Lepidoptera, and Blattodea. We also revealed biosynthetic gene clusters responsible for the synthesis of secondary metabolites with predicted antibacterial, fungicidal, and growth-promoting properties. The genomic data provided will be helpful for deepening our understanding of genetic markers determining the efficient application of the L. sphaericus strain 1795 primarily for biocontrol purposes in veterinary and medical applications against several groups of blood-sucking insects.