Chile sports betting sites
I Travel a lot and Used to get very annoyed when I was overseas or in another Country and did not have a sports betting site that would work.
To solve this problem I made a goal to create a guide for every country that sports betting is available, and publish this for others to benefit from. There are 5 sports betting sites in Chile that will work for tourists, and residents alike.
Chile is a Beautiful country to travel to and reside, making it a great place to sports bet while also enjoying life.
Chile Sports Betting History and Laws
Chile has always taken a relatively restrictive approach to gambling, however just recently in December of 2023 Chile’s Chamber of Deputies passed a bill approving online gambling that will allow for unlimited licenses. This paves a way for the future of regulated operators to enter and do business across the entire country of Chile.
What Are the Options Right Now?
Right now there are several options in Chile, with there being no reports of any attempt for the Chilean government to crackdown on several offshore sports betting sites that currently operate in the country.
What to Look For to Stay Safe When Picking an Offshore Sports Betting Site
Time established: The time a sports betting site has been in business is the biggest factor. If a sportsbook was stealing money and doing unethical shady practices, word would get around and they would eventually go out of business, or a site like ours would be happy to give them bad reviews.
Look for the online sports betting site to be established for more than at least a couple years to make sure that they provide a positive experience for consumers.
Are Offshore Sportsbooks Safe?
Offshore sportsbooks are safe, and there are many sites that run very reputable businesses. However, there are also some bad operators out there, so when picking a sportsbook it is good to do your research, or read a blog from someone like me who researches online sports betting sites across the world daily.
Chilean Sportsbooks Taxes
There are currently no tax laws taxing gambling winnings in Chile, however with the passing of the recent online gaming bill, they may or may not eventually tax winnings. I would predict that they tax the gaming operator, not the customer.
Land-Based Sports Betting in Chile
Land based sports betting in Chile has two national operators, offering multiple lottery games and some sports betting in the country, This has led to an essential monopoly leading some bettors to look into offshore sportsbooks that operate in the country in a gray area legally.
Offshore Sports Betting Revenue in Chile
Offshore sports betting revenue in Chile is estimated to be between 120-180 million USD per year and growing with multiple popular offshore sports betting sites accepting new users in Chile.
Officials estimate this number will double in size with the passage of the online gaming bill and regulated operators putting the online gaming industry in Chile estimated revenue around 300 million USD a year.
Chile Online Gambling Legalization Framework
The bill that passed the Chamber of Deputies in Chile aims to approve unlimited licenses, and to create a responsible gaming policy nationwide.
Chile Online Gambling Bill Implementation Timeline
We don’t know how long an implementation of the bill is going to take as it still needs to pass the Senate and then be signed into law by the Chilean President, who has already proposed amendments to the bill going forward, so this bill could take at least a year or more until it is fully implemented.
The Future of Chile Sports Betting Sites
Online gambling in Chile is expected to increase and become more popular as time goes on. I predict operators such as William Hill, BetWay, as well as sites like Bet22 that have already launched into Columbia with their updated regulated sports betting launch will be some of the first few online operators with regulatory approval. In the meantime, we do recommend several online reputable sites that are accepting new customers in Chile.
Disclaimer: The information provided on this site is for entertainment purposes only. Gambling comes with risk, and Game Plan Bets is not responsible for outcomes when betting with the sites listed in this article.
Be sure to check local laws in your state or country before gambling online.