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Population: 18.000.000
Active players: 6.000.000
Currency: Chilean peso (CLP)
Regulated gambling products: Sports betting, casino games, horse racing, lottery
Operator types: Licensed & unlicensed online bookmakers and casinos, land-based betting shops & 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 football legends 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.
Sports betting has become a common pastime for many Chileans 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 holding a local license. Yet, there isn’t any law to prevent players from placing their bets 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 are not subject to tax
Best betting sites in Chile
If you’re into betting, Chile offers many sportsbooks. The following are the top 3. They offer a wide array of betting markets on the Chilean Primera Division, along with high odds and appealing 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, no legal action has been reported against players who choose to place their bets on non-licensed international sportsbooks. That is because there is no specific law to prevent them from doing so. As a result, 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. Furthermore, that is because they have in mind that locals are technically obliged to bet only on domestic licensees. Moreover, bettors’ winnings are tax free.
Debit and credit cards are very common among those who bet on the domestic operator Xperto. On the other hand, bettors who opt for top international bookies; prefer to fund their accounts through globally known e-wallets; such as Skrill and Neteller. Their primary concern is to keep their personal information as safe as possible. 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. At the same time, the necessity for a crystal-clear online betting market is growing; since, most bettors opt for international bookies. Thus, the government plans to increase its tax revenue, sooner rather than later; through the legalization of renowned global bookies in Chile.
The following list consists of all the sportsbooks that accept players who reside in Chile. In addition, all of them are well-trusted and offer a wide variety of betting markets along with high odds.
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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 players from all over the country. The renowned online gambling operator has plans to apply for a local license in the future. Nonetheless, until that happens, it offers Chileans a wide array of sports, events and markets to bet on.
1xBet Chile is among the top international sportsbooks that operate in the country’s online betting market. It comes with a wide range of betting options on top football leagues; as well as with competitive odds and appealing promotions.
