Last updated on: September 25th, 2023
Sports Betting And Gambling Laws In Colombia
Legal sports betting in Colombia has seen updated laws in the last decade to keep up with the technology boom. In 1991 the Constitution of Colombia made all games of chance a state monopoly, and the revenue generated from legal sports betting was to be used for social purposes. The 2001 Gambling Act added to this law so that the government could expand its gambling operations to include dog racing, brick-and-mortar casinos, and the country lottery. A decade later, the Colombian government (the Coljuegoes) were placed in charge of regulating and policing not only Colombia’s sports betting industry, but the countries entire gambling industry.
In 2016, the Colombian government enacted the eGaming Act which legalized using Colombia sports betting sites. There are no laws that would prohibit using legal sports betting sites that take Colombian players. More recently in 2017, the Coljuegos legalized online sports betting exchanges along with virtual sports. This was one of the final steps needed to make Colombia one of the upper echelon countries to bet on sports while also making them one of the most progressive sports betting countries in South America. As long as the C-1611 (internet-operated games license) is authorized by Coljuegos, sports betting is good to go for all popular Colombia sports.
Colombia Licensed Sportsbooks
There are many legal online sportsbooks available for Colombia residents that offer a legal platform to bet on sports through the internet. Sites such as Zamba.co, Betplay.com.co, Xplay.co and Colbet.co have all been legalized by the Coljuegoes and have licenses in Colombia. As Colombia sports betting sites continue to increase in popularity, it was very important for residents to not be restricted and have options for betting on sports. Sports bettors in the country can also use other online global sportsbooks like Sportsbetting.ag and BetOnline.
For Colombia residents looking to place wagers without having to choose between quality or quantity, BetOnline is the perfect blend of both. BetOnline offers a great selection of betting odds and lines and a hyper-responsive, well optimized website for mobile devices, making it one of the best available options for Colombia sports betting fans. For those looking to participate in the most cutting edge kind of sports betting, BetOnline offers live betting to all of its members. So members can place bets with the best odds, updating live during the game. There are numerous sign-up bonuses and promotions for first time members to take advantage of before they start betting.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
Being one of the older online sportsbooks on the market, SportsBetting has had the opportunity to evolve over the years and put together one of the most trusted and high functioning sportsbooks available for Colombian bettors. Cycling is a popular betting sport in Colombia, and SportsBetting’s online book has odds for all major cycling events like The Tour de France and the Giro d’Italia. Whether looking for a book with fast payouts, or a large variety of offered sports, SportsBetting is a great destination for new and long-time bettors.
- Live Betting
- Big Bonuses
- Simple Sign-Up Process
Is Online Sports Betting Legal In Colombia?
Online sports betting in Colombia is legal. Colombia was one of the first countries in South America to pass laws that allowed for the regulation of online sportsbooks. With the eGaming Act being passed in 2016, online sports betting is still relatively new to Colombia. However, the Coljuegos has done a good job of aggressively creating a safe and reliable betting environment in Colombia. One of the advantages of sports betting Colombia is that their government doesn’t tax your online sports betting winnings. The legalization of online betting has made sportsbooks offer better mobile betting platforms and gives bettors the convenience of being able to place bets through their mobile phones, tablets, or laptops.
In the first half of 2019, the Coljuegos reported that Colombia’s online gambling market grew 63% compared to the previous year, which was well above the 13% growth they expected. In Colombia, there are limited choices for choosing an online sportsbook because of the limited licenses given out by the Coljuegos. However, it is not illegal for Colombians to gamble at offshore online sportsbooks and some of the more popular American sports like the NBA, NHL, and NFL can be bet on at legal online sportsbooks.
Colombia Sports Betting Markets
The most popular betting categories at legal sports betting sites that accept Colombian players are football (soccer) and horse racing. Football in particular is the most dominant sport in terms of handle, with a lot of action coming in from betting hot spots such as Bogotá, Cali, and Medellín. The most popular football leagues to bet on in Colombia are the Primero A league which is based out of the country, the English Premier League, and the World Cup whenever that comes around. As Colombia won Copa America back in 2001, it is another popular sporting event. All of the popular sports in Colombia to bet on can be found below:
How To Bet On The Super Bowl In Colombia
Betting on sports in Colombia includes the option to place bets on the Super Bowl. Colombia sports betting sites offer live odds during the game ad future wagers year-round. The NFL is one of the more popular Colombia sports to bet on. Players can find odds for their favorite NFL teams or the team they expect to win the Super Bowl at online betting sites such BetOnline. These sites can be accessed from smartphones and tablets so players can bet on the Super Bowl from anywhere. Local bettors will be able to wager to win big on one of the Big Game easily thanks to international sports betting sites.
Where Colombian Sports Betting Revenue Goes
The tax revenue from legal sports betting in Colombia is spread out throughout the country. Unlike in the states where a specific casino revenue is spread within the areas budget, in Colombia, all the revenue goes into the government, and the government allocates where the revenue is distributed. An example of the allocation method is how Colombia puts the sports betting revenue into the healthcare system. The revenue is also put into the educational system and tourism. There is no set designation for sports betting revenue generated by Colombia spors betting sites.
|Status:||Legal and Licensed|
|Popular Sports:||Soccer, Horse Racing|