1. Colombia is set to become the latest South American country to liberate the gambling market as the Gaming Control Board has ambitious plans to seriously improve the gaming revenue in years to come. Coljuegos chief Juan Perez Hidalgo has moved to reveal that an average $74 is spent per person on gaming per annum at the moment, but he expects the.
2. According to a survey conducted in 2019 in Colombia, 31 percent of online casino gamblers said they bet on this activity usually 2-3 times a week, while approximately 32 percent of Colombians who.
3. Gambling in Latin America isn’t as big as in other regions around the world, but it is expanding. However, Colombia has taken a different stance to its neighbors. For instance, online betting and wagering markets in the country have been available since 2016.

Colombia Gambling Market Size

Foreign online poker sites are prohibited from accessing the gambling market in the country. Online Lottery in Colombia. There are around 15 state-licensed providers for all sorts of lotto games in the country, some of them also organizing the online lottery in Colombia. Colombia’s regulated gambling market generated total stakes of COP320.0bn (€86.8m) for the first half of 2019 following strong growth online. Total gambling stakes from licensed operators were up 13 per cent compared to the same period last year, with land-based casinos and bingo halls contributing more than half of the total with COP186.

Much like any other gambling market across the world, Colombia’s online gambling industry continues to grow. And with a wider market for bettors, more and more are learning about becoming a bookie. And if you are using a good betting software solution, then your career will be easier to manage.

Colombia’s online gambling industry has grown up to two-thirds in the first half of the year alone. The Coljuegos, which is the regulatory body for gambling in Colombia, has released a report that explains the growth of the market.

Online Gambling Industry

According to the report, there is a 63% rise compared to last year in terms of the government’s part of the revenue from online gambling. The revenue for the government is at $8.9 million. This is higher than even Coljuego’s revenue growth, which is at 13% overall. Of course, bingo and casino are the largest contributors, while online gambling is still a small piece of the market at 9.4%.

Colombia Gambling Marketing

Back in 2016, Colombia made history as the first country in South America to legalize and regulate online betting. The licenses for local operators were given in 2017. So far, there are 17 online operators in the country. As for online licensees, there are now 2.5 million customer account, which is far from 1.7 million last year. The country’s population is 50 million.

Colombia Gambling Markets

Following the footsteps of Colombia, neighboring countries are also catching up to the industry. Brazil has recently opened a consultation to the public about the matter of regulations on online gambling. While in Argentina, the government is currently vetting applicants for their slots for online gambling licenses.

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