Active players: 600.000
Currency: Paraguayan guaraní (PYG)
Regulated gambling products: Sports betting, casino games, lottery, horse racing
Designated authority: National Committee Of Games Of Chance
Operator types: Unlicensed online bookmakers & casinos, land-based betting shops and casinos
Paraguay is a country in South America, with an estimated population of around 7.300.000 million. It is the birthplace of football legends Roque Santa Cruz and José Luis Chilavert. As regards gambling, Paraguay opened its first casino in 1943. A key attraction was the Hipódromo de Asunción which was built in 1954.
In 1997, the National Committee of Games of Chance (CONAJZAR) came into power in order to oversee all gambling activities. Nowadays, online betting is unregulated. International sportsbooks in Paraguay do not hold a local license. However, there is no law to prevent players from accessing their websites in order to place their bets.
Gambling in Paraguay - 5 things to know
- The legal age for gambling in Paraguay is 18 years
- Currently there are no licensed online bookmakers in the country
- Operating an illegal online bookie is an act of money laundering
- Licenses for online sportsbooks will possibly come in 2022
- Winnings up to $75 are not taxed, after this amount 8% tax is levied
Best sportsbooks in Paraguay
Here you will check the best sportsbooks in Paraguay. They offer lots of betting selections on the Paraguayan Primera División as well as very high odds and many handy features.
Online gambling in Paraguay: The law framework
Gambling laws in Paraguay have been in place since 1997 with the establishment of Law No.1016. The regulatory authority which is in charge is the National Committee Of Games Of Chance, known as CONAJZAR. The current legislation does not cover online gambling. Thus, there is no Paraguayan gambling license for online operators. However, there are lots of local betting shops that operate legally. It is worth noting though that the government plans to regulate the online environment in the near future.
Essential information for Paraguayan bettors
There are no licensed online betting sites in Paraguay. Thus, locals are technically obliged to gamble only on land-based betting shops. Nevertheless, no legal action has been taken against those who choose to place their wagers on non-licensed online international bookies. As regards betting winnings, they are not taxed up to $75; however, after this amount an 8% tax is levied.
Local bettors are familiar with debit and credit cards. Nonetheless, those who opt for international betting sites in Paraguay, prefer e-wallets, such as Skrill and Neteller. They know that safety comes first; so, they make sure to avoid methods, like cards or bank wire, that will disclose their personal details.
The future of online betting in Paraguay
As the land-based betting industry is booming, the need for regulation of the online one is growing. This is due to the fact that a growing number of bettors opt for international gambling sites in Paraguay; instead of placing their bets on the local land-based bookies. The law in place is dating back to 1997 and an adjustment to the current development in the gambling landscape is a must.
Below you will find the full list of international bookies that accept bettors who reside in Paraguay.
Online gambling in Paraguay is unregulated. International bookmakers like Bet365 and Bwin are, however, accessible to Paraguayans; who prefer their high odds, payment safety and fast withdrawals.
A new gambling law in Paraguay regarding winnings has been in place since 2020. According to it, all gambling winnings exceeding $75 are taxed at an 8% rate.
Bet365 Paraguay is the world’s largest bookmaker that accepts local bettors. It offers a great variety of betting markets and promotions on a daily basis, along with high odds and 15+ payments.
Bwin Paraguay is a leading international bookie that accepts bettors from all over the country. It offers a wide range of markets and high odds, as well as great promotions and more than 20 deposit methods.
1xBet Paraguay offers its services without any legal issues to players residing in the country, despite not holding a local license. It is one of the top international bookies that operate in the region, providing very competitive odds and various betting options.