However, the country is home to a growing offshore market that officials estimate to be worth around US$130m to US$170m in annual revenue and which they expect to double in size under a licensing system. Under current law, the only forms of legal online gambling in Chile are limited lottery games and sports betting offered by two national lotteries. The legislation introduced on Monday borrows from the regulatory regimes of Colombia and Spain and would allow for an unlimited number of licences to be granted by Chile’s national casino gaming authority, which would be renamed to reflect an expanded remit. Chile’s outgoing government has introduced a long-awaited bill to regulate online casino games and sports betting.Ĭomprehensive legislation for online gambling was filed in Chile’s Chamber of Deputies on Monday (March 7), more than a year after the Ministry of Finance first announced it was drafting a bill and five days before a new president and new Congress will be sworn into office in Santiago.

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