The gambling industry in Colombia is the first authority in Latin America to organize regulated online casino games. The iGaming Act was accepted in 2016, and ever since then, the Colombian gambling industry has been very open to licensed processes. Colombia is seen as a major entertainer in the gambling industry, as the country has an immense potential to improve this industry. Recent studies have been showing that the online gambling industry improved, meaning that it led to a big amount of gambling operators and service workers who are interested in investing in local marketplaces.
Colombia is basically paving its way towards countries like Brazil and Mexico, and update its existing gambling laws. Colombia had a notorious status for a long time: it was called a “drug capital”, or “The country with the most dangerous drug dealers and corruptions.” Luckily, the country is now moving away from its bad reputation, focusing on online gaming, while increasing its regulation regarding the gambling industry. Almost 70% of Colombians regularly gamble with enthusiasm. Land-based casinos, lotteries, and slot salons are legal in Colombia. In 2008, the state introduced a set of laws, highlighting the rules for the operation of slot machines and casinos.
iGaming in Colombia
The Colombian iGaming Act implemented guidelines to ban any casino websites that does not respect proper licensing measures. The Colombian iGaming industry contains a wide variety of rules that rule the operation of online gambling, including Tragamonedas, poker, sports betting, but it also brings the focus on ruleta, detailing all the characteristics of this game and its different versions. So, operators won’t be required to get separate license for each type of gambling. They can choose one license to cover all gambling activities. Plus, to operate legally in Colombia, most operators might need to pay a fee for license, which is up to $200,000/ year. It’s 15% tax on gross betting income.
The iGaming in Colombia is regulated by “The Coljuegos”, which ensures that all gambling operators follow the requirements. “The Coljuegos” is responsible for recruiting new gambling claims of corruption, while being responsible for drafting new regulations, allowing gambling activities to increase revenues.
Online Gambling in Colombia
When it comes to online gambling in Colombia, the administration regulated gambling online, introducing Colombians a new way of safe and entertaining gambling. Colombians can now gamble on casino websites freely. Some websites include many games, including Tragamonedas, ruleta, poker, blackjack, etc. This change brings in plenty of industry people from Colombia and the near Latin America countries.
The Colombian gambling market is now open to many opportunities, dominating the iGaming industry in 2021. We expect amazing levels of growth in the near future, as the government in Colombia updated its regulatory basis top hold better the digital age. It’s an initiative that has made Colombia expand its portfolio of casino games and set new engaging trends of a better use of online games.
Indeed, online gaming become very appealing in Colombia. Online casinos are now providing players prosperous experiences, no matter how people choose to gamble, online or in land-based casinos. There’s a wide selection of different games, such as blackjack, baccarat, slots, ruleta, and many more, which will make Colombians become experts in gambling.
The iGaming industry in Colombia generated more than $3 million in revenue, while Coljuegos making it possible for online users to play casino games on millions of engaging gambling platforms directly from the comfort of their home.
Other than that, Codere casino is one of the best-known international casinos, which obtained certification from “The Coljuegos” in 2018. This casino has a rich and long history in the market, with over 40 years of experience.
Common casino games in Colombia
Online Poker
Online poker was basically illegal in Colombia, but the law decided to regulate this gambling game on international sites. Poker is a popular game, not difficult to master. It’s a card games, but also a lot of strategy is included in this game, as players need to constantly pay attention to the other players. There are many types of poker, but Texas Hold’em is by far the most common. Each type of poker has its own rules, but the basics of this game are the same. All you need to do is learn some strategies and rules, and you can start playing.
Online Sports Betting
Sports betting is also a game that can help you win money. Betting on sports can seem difficult, especially in today’s competitive market, but it’s actually simple. You just need to understand some basics of this type of game. Once you will learn the essentials of this game, you can start your own journey on sports betting!
Online Lotteries
We might say that everyone’s dream is to win at the lottery. Winning a big prize is a long-shot, but it doesn’t mean that you can’t feel entertained while playing. There are many basic strategies you can use to increase your chances of winning. Play smart, and adopt many strategies at lottery games. Winning isn’t guaranteed in gambling, but you can have fun while playing.
Online Casinos
Gambling is becoming more and more famous, especially with the current technology, which allow us to enjoy gambling from our homes.
How to choose a good online casino that will suit you the most? First, you must decide on what type of casino games brings you much joy. Many different online casino games will even offer you welcoming bonuses. Which promotions and bonuses will fit you the most? Well, you will have to decide. Don’t fret if English isn’t your native language – you can look for online casino websites that offer you plenty of information in your native language.
Look for reviews! There are many reputable websites that offer online reviews. But make sure you keep in mind that the best casino for someone else might not be what you really want. Contact the support team before you create your account. Check they’re professionalism, or any other aspect that is important to you. Also, make sure you communicate with other players, and test as many games as you can. It’s the best way to decide if that’s the best casino website for you.
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