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SECTIONS:
Best Australian Bookmakers 
Population: 18.000.000
Active players: 6.000.000
Currency: Chilean peso (CLP)
Regulated gambling products: Sports betting, lottery, casino games, horse racing
Operator types: Licensed & unlicensed online bookmakers & casinos, land-based betting shops and casinos
Designated authority: Superintendency of Gambling Casinos (SCJ)
Status: Semi-regulated
Chile is in the western seaboard of South America. It declared its independence from the Spanish Empire in February 1818. It is the birthplace of legendary football players Elias Figueroa, Marcelo Salas and Ivan Zamorano. Polla Chilena de Beneficencia was founded in 1934. It is the state company in charge of the administration of games of chance. Chileans have become avid bettors in recent years. The country’s betting regulatory authority is the Superintendency of Gambling Casinos (SCJ). At the moment, there are no international betting sites in Chile that have a local license. Still, no law is in place in order to prevent players betting on them.
Gambling in Chile - 5 things to know
- Legal gambling age in Chile is 18 years
- The annual revenue of gambling is over USD 800 million
- Xperto is the only legal online bookmaker
- Online gambling is typically prohibited
- Betting winnings come with no tax
Best betting sites in Chile
If you’re into betting, Chile offers many sportsbooks. The following are the top 3 offering a wide variety of betting markets on the Chilean Primera Division, as well as competitive odds and daily promotions.
Sports betting Chile: The gambling law framework
The gambling laws in Chile, that are in place today; go back to 2005 with law no. 19.995 (known as Casino Act 2005). In 2008, the Chile gambling regulation, allowed Polla Chilena to offer fixed-odds betting on a number of sporting events throughout the country. The current gambling legislation, though, prohibits the operation of online bookies. The only exception is the state-controlled operator Xperto.
However, the ban is neither enforced; nor is there a law against accessing an international sportsbook. The Superintendency of Gambling Casinos (SCJ) is the local gambling regulator. Thus, it represents the state in the exercise of supervision, operation and administration of the country's casinos. Moreover, betting tax in Chile is 20% on operators’ gross gaming revenue. From which, 5% ends up to a Beneficent Fund.
Essential information for Chilean bettors
In Chile, gambling sites do not operate online legally, apart from Xperto. Nonetheless, players who place their wagers on non-licensed international bookmakers are practically free to do so; due to the fact that there isn’t any law to prevent them. International bookies are easily accessible from all over the country. The Chilean government plans to expand the online offering, but not in the near future. This would be a positive change, considering the willingness of many international betting companies to apply for a local license; having in mind that locals are technically obliged to bet only on domestic licensees. Moreover, bettors’ winnings are not taxed; neither on local gambling operators, nor on international ones.
Debit and credit cards are very common among players who bet on the domestic operator Xperto. On the other hand, bettors who opt for top international bookies like to deposit on their accounts via well-known e-wallets, such as Skrill and Neteller. They are focused on keeping their personal information completely safe. Last but not least, many of them like to deposit with cryptocurrencies too.
The future of betting in Chile
The Superintendency of Gambling Casinos (SCJ) has suspended the process of renewing gambling licenses until October 18, 2021; with a hearing for the presentation of technical and economic offers set for that date. Until then, the vast majority of bettors will keep on betting on international online bookies in Chile, despite the fact that they are not licensed.
The following list comprises all the international sportsbooks that accept players who reside in Chile. In addition, they are trusted by bettors from all over the world.
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Gambling in Chile is semi-regulated. The country currently has only one legal online bookmaker, the state-controlled Xperto. According to Chile gambling laws international bookies, like Bet365, plan to apply for a local license. Chileans though can still access their sites without issues.
No, there is no tax applied on gambling winnings. Τhere is a 20% tax though, that applies on the gross gaming revenue (GGR) of all licensed operators; both for online gambling in Chile as well as for land-based.
Both offline and online betting in Chile are controlled by the state. Bettors are technically obliged to wager only on Xperto, the local state-backed online bookie. However, no specific measures have ever been taken against those who opt for non-licensed international sportsbooks.
Betsson Chile is one of the popular international bookmakers that accept bettors from the country and enjoys a high reputation among them. It offers a great variety of betting markets and promotions on a daily basis, along with competitive odds.
Bet365 Chile accepts bettors from the whole country. It is planning to get a local license, however it has not received one yet. However, it keeps on offering Chileans a complete betting product with an 94%+ overall payout.
1xBet Chile is one of the top international bookies that operate in the country. It offers to Chilean football enthusiasts 98%+ payout on major football leagues, as well as 500+ extra bets at every football game.
