Casino and online betting revenue (Chile)

A brief snapshot of the market

In 2024, 25 operating casinos in Chile generated GGR ≈ CLP 554.5 billion (≈US$ 588 million), which meant a decrease in real terms by 2023.

In the first half of 2025, tax revenues from 22 casinos under Law 19. 995 amounted to CLP 100.163 billion (real − 3.5% YoY).

In the first quarter of 2025, transfers to the budget - CLP 51.962 billion (real − 3.4% YoY).

The SCJ regulator in Cuenta Pública 2025 confirmed the stable operation of the industry and the emphasis on preparing online (regulation, supervision, digitalization).

Land casinos: revenue, taxes, traffic

Revenues (GGR): Total 2024 - about CLP 554.5 billion. This is an aggregated gross gain before operating costs and tax payments. The dynamics of 2025 in real terms are restrained; independent digests noted a decline in the first half of 2025.

• Q1 2025: CLP 51,962 billion in total (municipal/regional shares, ticket tax, IVA per game).
• I half 2025: CLP 100.163 billion in total. For the regions, this is a key stable source of income, distributed at the location of the casino.

Attendance and check: According to SCJ and profile reports, 2024 reached a plateau in terms of visits and average check, which is reflected in the moderate dynamics of GGR 2025 (real decline).

Conclusion on the offline segment: Terrestrial casinos remain the "anchor" of the industry and budget (including for regions), but growth is limited by consumer demand and macro conditions; the concentration of revenue is in the largest halls.

Lotteries as part of the "game pie"

Although lotteries are not included in the SCJ casino statistics, they markedly complement the overall picture: sales of Lotería de Concepción products (Kino, etc.) in 2024 - tens of billions of CLP; the organization officially reflects this in the consolidated statements of UdeC. This is important for estimating total household "gaming" spending.

Online betting and iGaming: 'today' earnings and 'tomorrow' potential

Status 2025: The legal framework for online completes the passage in Congress. On August 13, 2025, the Senate approved in general the draft regulation of online betting platforms; the document enshrines the tax architecture and special deductions for sports. For Xperto (Paul), an increased deductible percentage is provided, and for licensed platforms - separate contributions to IND.

Assessment of future revenues: The presentation of the Ministry of Finance on the bill indicates the benchmarks of potential fiscal revenues ~ CLP 84 billion per year after the launch and stabilization of the regime (the exact value depends on the GGR/IVA rate, market structure and the rate of "whitewashing"). This is a gross estimate of the impact on the budget and sports funds.

• Redirecting part of the current "gray" online demand to the "white" segment.
• Increased transparency of turnovers, increased responsible play and AML/KYC.
• New budget revenues and earmarked contributions to the Instituto Nacional del Deporte.

How to read numbers and make revenue forecasts

1. GGR vs. operator revenue: GGR - gross gain (rates minus payments). Operating revenue is below GGR due to taxes, licensing and payment costs. Special tax on GGR, IVA and local fees are important for the budget.

2. Online transition: In the first year after the promulgation of the law, lag (regulations, licensing, IT integration) is possible, so the actual receipts t0-t1 will be less than the "established" level t2.

3. Cannibalization vs. synergy: Part of offline spending will "move" online, but operators often see an increase in the overall frequency of participation due to the mobile channel and microlimits.

Practical conclusions for stakeholders

Land casino operators

Scenario planning: basic case - stagnation in real terms before the release of online; growth - due to non-gaming entertainment (events/concerts/gastro-mix) and cross-selling with an online brand after licensing.

Online operators/partners

Finmodel on CLP with project taxes (GGR taxes + IVA) and sports deductions; margin stress test under marketing restrictions (especially sports sponsorship).

Regions and budget

Offline already gives CLP 100 + billion in taxes for half a year; "Whitening" online will add tens of billions of CLP annually after stabilization, expanding the tax base without compromising transparency.

Key number digest

GGR land casinos 2024: ≈ CLP 554.5 billion

Taxes I quarter 2025: CLP 51,962 billion; I floor 2025: CLP 100.163 billion

Estimate of future revenues from the online market: ~ CLP 84 billion/year (benchmark of the Ministry of Finance on the bill).

Social contributions of sports: fixed contributions to platforms in favor of IND in the project (after licensing).

Today, the main "cash register" is formed by land-based casinos with stable tax transfers to local and central budgets. On the horizon of 12-24 months, the launch of online licensing should bring additional fiscal revenues and "whitewash" a significant share of demand, while strengthening the requirements for responsibility and compliance of operators. For business, the "offline + online under CLP" strategy with a transparent cash register and localization is the best way to the Chilean market.