Peru votes to legalise betting and iGaming

peru-votes-to-legalise-betting-and-igaming

The Peruvian Congress has unanimously voted to legalise online gambling and sports betting in the country.

Mincetur, Peru’s Ministry of Foreign Trade & Tourism, be responsible for the enactment and execution of the regulatory framework.

Taxes will be payable monthly, and Gaming Tax will be 12% of each operator’s net income minus maintenance costs, with maintenance taxes will be 2% of income.

Licensed iGaming operators will be able to offer bonuses, although these will not be exchangeable for cash, whilst sports betting operators must display a message warning against excessive gambling on all their platforms. Players may also place bets on sports games using betting terminals in dedicated sports betting rooms.

A system of fines and disqualifications will also be in place, with Mincetur empowered to both close premises and confiscate assets. The new regulations will become law 60 days after publication in Peru’s official political diary, El Peruano.