Chile Gambling Sites and Law
With a population of 18 million people, the South American country of Chile has a very long and rich history and is one of the most prosperous countries on the continent.
Gambling has been a large part of the Chilean cultural fabric and since the first legalized casinos were opened in 1852, the industry has grown by leaps and bounds.
Chilean gambling laws have generally kept up with the times and these days, the Chilean Gaming Control Board oversees all gambling activities within the country.
Current legislation explicitly prohibits online gaming and the Chilean government has so far kept these measures in place despite the growing demand for change.
Gamblers here spend an estimated $600 each year and that number seems to be trending upwards.
Chilean gamblers were expected to spend over $765 million by the end of 2015.
Regardless of the ban on internet betting, the authorities turn a blind eye to these activities and Chileans are more or less free to place bets with offshore gambling companies.
Top 10 Gambling Sites for Chile in 23 April 2024 – Updated List
What are the Best Chilean Gambling Sites and Promotions?
With the government’s indifferent attitude towards online casino gaming, many foreign gambling sites take bets from people in this market. Chilean online gamers enjoy a wide range of options when it comes to choosing the world’s best online casinos that offer some of the best bonuses.
Industry standouts like William Hill, Bwin, and BetVictor all offer easy to claim bonuses of up to €200. Players that are looking to play for bigger stakes can take advantage of Play Grand’s $10,000 offer.
There are all sorts of gambling bonuses of various sizes available to Chilean customers of all types. These bonuses and many more are found in Gamblingjudge.com’s promotions section. Be sure to read the terms and conditions that apply to them.
How Regulated is the Chilean Gambling Market?
Chile boasts the fastest growing gambling market in Latin America. There appears to be a great deal of reluctance among authorities to modernize the online gambling laws here. Presently, internet casino gaming is banned but the government appears to have no desire to stop residents from accessing international gambling companies.
With so many governments around the world looking for easy revenues, don’t be surprised if the Chilean authorities change their stance and begin to regulate and license online operators here.
The Chilean Gaming Control Board has placed the limit on the number of gambling licenses it issues. Right now there are 16 land-based casinos that legally operate with Chilean gambling licenses. These operations are closely monitored by the Control Board.
Horse racing and sports betting is also legally available here and there are a number of brick and mortar establishments at which punters can place bets. These betting shops are considered branches of the Polla Chilena lottery.
Is Gambling Legal in Chile? What is the Legal Age?
Gambling has been legal in Chile for well over 100 years. People are free to place wagers at any of the land-based casinos that exist here. They are also allowed to legally participate in sports betting, horse racing, and state lotteries.
Even though there is a ban on online gambling, the authorities do not enforce this rule and Chilean online bettors are generally free to enjoy online casino gaming and poker without any interference. The legal age to place a bet in Chile is 18, like in many other gambling allowing countries, such as Cuba.
Does Chile Tax Gambling Winnings?
Individuals who win money through gambling are not taxed in Chile. Instead, the state gets its gambling revenues from the taxes that operators must pay, as in Uruguay.
What Currencies and Payment Methods do Chilean Players Generally Use?
The official currency of Chile is the peso and it is accepted at all Chilean casinos and other gambling establishments. As in most other gambling jurisdictions, major credit cards and debit cards are accepted at the vast majority of internet betting sites that cater to Chilean clients.
IDebit, Neteller, and Skrill are commonly used as are wire transfers. Be sure to check with your preferred online casino to find out which methods they accept for deposits and withdrawals. Keep in mind, the time it takes to complete a transaction will be different as will the fees associated with the transaction.
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