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Colombia Betting Sites

Colombia is a unitary republic made up of 32 regions and a capital district. It has an estimated population of around 51 million. Furthermore, it is the birthplace of football legends Carlos ‘El Pibe’ Valderrama and René ‘El Loco’ Higuita. As regards gambling, Colombia has a long tradition going back to the colonial era. The first official casino license was issued in 1943.

Sports betting has become a common pastime for many Colombians in recent years. The turning point was in the 2014 World Cup in Brazil and the legalization of online sports betting in 2016. At the moment, there are not too many foreign sportsbooks in Colombia holding a local license. Yet, there isn’t any law to prevent players from placing their bets on their favourite international bookies.

Best Betting Sites in Colombia

colombiano-flagIf you’re looking for a decent sportsbook, Colombia offers many options. The following are the top 3, offering a wide range of betting markets on the Categoria Primera A, along with high odds and useful services.

Gambling in Colombia - 5 Things to Know

  • 1
    Legal gambling age is 18 years
  • 2
    The licensing fee is $200.000
  • 3
    Currently, 17 online bookies hold local licenses
  • 4
    Coljuegos is the country’s gambling regulator
  • 5
    Betting winnings are tax-free

General info

Population: 50.882.891

Active players: 6.000.000

Currency: Colombian peso (COP)

Regulated gambling products: Sports betting, horse racing, lottery, casino games

Designated authority: Coljuegos

Operator types: Licensed & unlicensed online sportsbooks and casinos, land-based betting shops & casinos
Status: Regulated

Is Sports Betting in Colombia Legal?

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Gambling in Colombia began in the colonial era. The first official Colombia gambling license for casinos was issued in 1943. Almost 35 years later, in 1977 and 1978, respectively, the authorities reviewed the Colombian gambling laws; paving the way for a booming industry. In 1991, all betting activities were under the umbrella of the state that had the monopoly.

From 3 November 2011 onwards; Coljuegos has been in charge of supervising the country’s betting landscape. The Colombian eGaming Act that came into effect in 2016 regulates online sports betting. Up to now, Coljuegos has issued 17 online betting licenses to mostly local operators, such as ColBet, Wplay, Zamba and BetPlay. The Colombia gambling tax for licensees is at a 15% rate on their GGR; plus an additional 1% for the administrative supervision of Coljuegos.

Essential Information for Colombian Bettors

BMB_Best IconMany local Colombia betting sites have obtained a license since 2017. International bookmakers, like Bwin and Betfair, also hold a local license. However, those who choose to bet on non-licensed international bookies are not prosecuted; since there is no specific law to prevent them from doing so. Betting winnings are untaxed, neither on local bookies nor on international ones.

How to Deposit at Online Bookies

BMB_Betting OddsVery common among bettors who wager on domestic licensees are debit/credit cards. Furthermore, when it comes to bookmakers, Colombia allows payments not only in the local currency but in US dollars as well. On the contrary, players who bet on non-licensed international sportsbooks fund their accounts via globally known e-wallets, which is why a lot of locals choose Neteller bookies. That’s because they want to keep their personal details as safe as possible. On top of that, lots of them deposit with cryptocurrencies.

The Future of Betting in Colombia

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From 2017 onwards, Coljuegos began providing licenses to online sportsbooks. As the gambling industry is booming, the government is about to extend the issuance of licenses to more international top gambling sites in Colombia. Through this move, the government will benefit from tax revenue deriving from gambling and make local bettors more satisfied; since most of them like to place their wagers on foreign operators.

Gambling in the Neighbouring Countries

If you are planning to visit the region, you may want to check out the gambling regulations in the countries near Colombia. This can help you avoid any legal or financial troubles while enjoying your gambling hobby in different places. So we compiled info about three of the neighbouring countries:

Ecuador: Land-based and online sports betting in Ecuador are both popular and widely available. However, there is no clear regulation or licensing for gambling activities in the country, which creates some uncertainty and risk for both operators and players. For this reason, the Ecuador betting sites remain a viable solution that is gaining popularity.

Panama: issues a recognised license making local gambling both legal and popular. The country has a regulated gambling industry that allows various forms of gambling, including casino games, poker, horse racing, and sports betting. Since the regulation also applies to the Panama betting sites, players can find an abundance of bookmakers that hold an international or local license.

Venezuela: has been struggling with political and economic issues, but gambling has been legalised and regulated. As the government has 5 licensed casinos that offer sports betting, the options for locals are limited. The Venezuela betting sites, on the other hand, are completely unmonitored and offer a wide variety of sports, markets, and attractive bonuses from international bookies.

FAQ
Q: Is gambling legal in Colombia?

Gambling in Colombia is regulated. The country has currently 17 online sportsbooks available that hold local licenses; including international brands like Bwin Colombia and Betfair. Other international bookies, like Bet365, plan to apply for a local license too.

Q: Are my gambling winnings taxed in Colombia?

No, gambling winnings are tax free. However, there’s a 15% tax which applies on the gross gaming revenue of all licensed Colombia gambling websites, along with an additional tax of up to 1% for Coljuegos administrative fees.

Q: Does Betfair accept Colombian players?

Betfair Colombia offers its services to players residing in the whole country since it holds a local license as of February 4, 2021. It is one of the top international bookies that operate in the region legally, providing very competitive odds and various betting options.

Q: Is Bet365 legal in Colombia?

For the time being, Bet365 Colombia does not accept players from the country. The globally-known online bookmaker has plans to apply for a local license in the future. Nonetheless, until that happens, it won't offer its services to Colombians.

Q: Does 1xBet accept Colombian bettors?

1xBet Colombia accepts local bettors and offers them a complete sports betting package. More specifically, it allows them to choose among 50+ sports and 60.000 pre-match events every month.

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