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Chile is one of the most economically developed and stable countries in South America, and this directly affects its gambling industry. Despite strict state laws restricting online gambling, public interest in gambling is constantly growing. Today, Chile is actively preparing for the legalization of online casinos and digital betting, which makes it one of the key markets of the future for global iGaming operators.
Legislation and regulation
Gambling in Chile is regulated by Ley N ° 19. 995 (2005), which established a state monopoly on casino licensing and control of operators. Supervision of the sphere is carried out by the Superintendencia de Casinos de Juego (SCJ) - the National Casino Authority.
Currently, SCJ only regulates land-based casinos, and online gambling is not officially allowed. However, this does not mean its complete ban:- The law does not provide for direct liability for players;
- Offshore platforms can serve users from Chile;
- Legalization of digital games is in an active phase of discussion.
In 2023, Parliament considered the online gambling bill (Proyecto de Ley 035/2022), which introduces a licensing system for operators of online casinos, sports betting and poker. The law is expected to be passed in 2025.
State licensing and land-based casinos
Today in Chile there are 26 licensed land-based casinos located in the largest cities: Santiago, Viña del Mar, Concepción, Temuco, Puerto Varas, etc.
Each casino operates under the control of SCJ and is required to comply with strict standards:- minimal infrastructure investment;
- availability of responsible play programs;
- paying a tax of 20% of gross income (GGR).
- Enjoy, Sun Dreams, Marina del Sol, Monticello, Antay Casino are operators with many years of experience, owning a network of gaming halls and hotels.
Online gambling and offshore platforms
Since the domestic online gambling market is not yet regulated, thousands of Chilean players use foreign online casinos and betting sites.
The most popular offshore brands:- Betano, Betsson, 1xBet, Bet365, 888casino, PokerStars, 22Bet - provide an interface in Spanish and accept deposits in Chilean pesos (CLP);
- Stake, BC. Game, Fairspin, TrustDice, Bitcasino. io - crypto platforms offering anonymous deposits and instant payments.
These operators are actively promoted through sports sponsorships - especially in football. For example, Betano is an official partner of the Chilean Football Federation.
Popular games and player preferences
Chilean players traditionally show interest in classic and modern forms of gambling. Most in demand:- video slots and Megaways games;
- roulette, blackjack and poker (including live dealers);
- sports betting, especially on football, tennis and basketball;
- lotteries and bingo, which have cultural significance in the country;
- crash and instant win games, which have gained popularity among young people.
Mobile games occupy a leading position - more than 75% of bets are made from phones.
Financial systems and payment methods
Chile has a developed digital payment system, which contributes to the growth of online gambling.
Main payment methods:- bank transfers and Visa/MasterCard cards;
- WebPay, MercadoPago, AstroPay e-wallets;
- PagoEfectivo prepaid cards and vouchers;
- cryptocurrencies (Bitcoin, Tether, Ethereum) are especially popular among players in offshore casinos.
Most offshore sites support the Chilean peso (CLP) and instant transfers through local payment gateways.
Economic importance
Gambling is a significant part of Chile's tourism and entertainment industry.
According to SCJ data, land-based casinos annually bring:- more than $400 million in tax revenue;
- about 15,000 jobs;
- significant contribution to the development of tourism and the hotel sector.
The legalization of online gambling is expected to add up to $1 billion in revenue per year, ensuring the flow of foreign investment and the development of fintech infrastructure.
Challenges and challenges
The main market complexities are:- lack of licensing of online operators;
- a large volume of illegal advertising and offshore sites;
- the need to protect players and prevent addiction;
- lack of transparency in taxation.
However, the government is actively addressing these issues in an effort to create a modern and regulated digital environment.
Development prospects
Chile is in the final stages of preparing to launch a national online gambling licensing system.
In the coming years, the following are expected:- the enactment of the Online Casino and Betting Legalization Act;
- the creation of Superintendencia de Juegos Online (SJO) - a new regulator for the digital market;
- implementation of responsible gambling and player monitoring system;
- opening the market to international investors and technology partners.
With economic stability, high digitalization and a transparent legal system, Chile has every chance of becoming South America's leading online gambling hub, along with Colombia and Brazil, shaping a new era of legal and safe gambling entertainment.
