In recent years, Peru has emerged as a leading South American nation, taking significant steps toward regulating online gambling and sports betting. Following the approval of Law No. 31557 in 2022, which established the legal framework for the industry, the government has worked to implement necessary rules and pave the way for market development. However, the process has faced challenges such as deadline extensions and legislative adjustments.
The overseeing online gambling in Peru, began reviewing licensing applications in early 2024. In August, the completion of this phase was announced, triggering a 90-day period for approved operators to register their platforms, submit required technical documents, and comply with other regulations. Initially set to end in November, the deadline was extended to December 31, 2024.
One of Peru’s most significant hurdles is tackling illegal gambling platforms. Yuri Guerra, General Director of Casino Games and Slot Machines at MINCETUR, revealed that approximately 4,000 physical sports betting points of sale have been registered, but it is estimated that 5,600 are operational across the country. The government’s strategy includes identifying and penalizing irregular activities, focusing first on operators that allow minors to access services or operate without authorization.
Nonetheless, the government has stated that, at least initially, it will not impose severe sanctions on formal operators with pending compliance issues.
Economic impact and taxation
A key topic of discussion is the introduction of a 1% tax on betting turnover for players using platforms registered outside Peru. While this tax could increase annual revenue by up to $40 million, it faces resistance. Operators and legal experts argue that the measure is unconstitutional and highlight a lack of clarity on its implementation.
The regulated market is also expected to create new job opportunities and attract foreign investment, crucial for Peru’s economic growth, especially in a sector that engages millions of players worldwide.
Peruvian authorities have emphasized that the regulatory model will be continuously adjusted to meet market needs and attract more international operators. As Guerra stated in September, the goal is to make the country a global reference in gambling regulation. Achieving this will require increasing competitiveness and ensuring security for players and investors.
With clearer laws and targeted actions against illegal platforms, Peru has the potential to become a model for other nations. A balance between enforcement of regulations and adaptation to the sector’s rapid changes will be crucial if Peru is to succeed.
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