Close Bottom Menu CLOSE

Why join our Telegram

  • list icon EXCLUSIVE Betting Bonuses
  • list icon 24/7 Pre-Match & Live Predictions
  • list icon New Unrestricted Bookmakers
  • list icon €1,000 In Monthly Giveaways
Join Our Community

Chile finalizes new gambling bill

11 Mar 2022

CHILE The government of Chile has published a framework aiming to regulate all gambling sites operating in the country. After a prolonged negotiation that predicted the law would be enacted in early 2021, the Chilean Parliament will discuss it in the next few weeks. It will be the first legislation that will ask for a license from all online gambling operators, active for 5 years, if it gets approval. The bill is expected to collect around $55 million in taxes in economic terms from a total market worth of $150 million.

What's Next for Chile's Gambling?

Undersecretary of Finance for Chile, Alejandro Weber, commented on the issue: "With this project, we will set clear rules for an industry that is not currently regulated in Chile. This is a good project, which we hope will pick up its pace and be approved as soon as possible."

The legislation will require a 20% tax on gross income from companies and a 15% tax on net winnings from players. Moreover, operators will have to give 2% of gross income to the various sports federations relevant to the betting activity and 1% for responsible gaming actions. If the bill passes the Parliament, the regulatory authority Superintendencia de Casinos de Juego (SCJ) will get a name change to Superintendencia de Casinos, Apuestas y Juegos de Azar (SCAJA). The government aims to get the bill running before 2023.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from regarding betting promotions, betting guides and news.

How Mbappe’s Injury Affects All Euro 2024 Bets Featured Image

French superstar Kylian Mbappe suffered a broken nose after a collision with Austria’s Kevin Danso. He was later subbed off and was taken to the...

Read more »

Bookmakers With A Dedicated Euro 2024 Section Featured Image

This summer, 24 nations will battle in the 17th edition of the European Football Championship. Scheduled to take place in Germany, the competition is ...

Read more »

How Injuries Affect Euro 2024 Odds Featured Image

As the Euro 2024 approaches, fans are at the edge of their seats. However, as it happens with every major competition, several notable footballers hav...

Read more »

Lucas Paqueta Charged For Betting Breaches Featured Image

The Brazilian international Lucas Paqueta has been charged by the FA for the “improper purpose of affecting the betting market”. Paqueta, ...

Read more »

Tyson Fury vs Oleksandr Usyk Odds Featured Image

After a long wait, the boxing world is finally on the verge of crowing the first undisputed heavyweight champion since 1999, when Lennox Lewis took do...

Read more »

Conor McGregor Partners with Duelbits Featured Image

On May 13th, 2024, Duelbits, a leading site in crypto gambling, issued a press release to announce that it has partnered with MMA legend Conor McGrego...

Read more »

EveryMatrix Record Net Revenue in Q1 Featured Image

EveryMatrix announced that the company achieved a record €39 million in revenue in the year’s first quarter. This constitutes a stunning 66% inc...

Read more »

Conor McGregor Next Fight Odds Featured Image

After a nearly three-year absence, Conor McGregor will fight Michael Chandler in UFC 303 on June 30th. UFC president Dana White announced the clash, w...

Read more »

ΝΒΑ Investigates Raptors’ Center Jontay Porter for Betting Irregularities Featured Image

The Raptors Center became unavailable for March 25th’s clash against the Brooklyn Nets. The NBA intervened, and Porter sat out until the league ...

Read more »

Next Liverpool Manager Odds: Who Will Succeed Jurgen Klopp? Featured Image

Jurgen Klopp’s announcement that he will leave Liverpool at the end of the season shocked the football world. The German will depart from Anfiel...

Read more »

bookmaker banner
bookmaker banner