Legal Sports Betting In Peru

Legal sports betting in Peru is not only active, but it also has a very strong market. Peru is a country that has full legal and regulated online and retail sportsbooks. If you go around the country, you will easily find retail sportsbooks and even if you cannot for some reason, online sports betting is available throughout the country. If you want to experience some of the best sportsbooks in the world, then you should definitely consider Peru sports betting.

But there might be some questions you have regarding sports betting in Peru. You might be wondering who regulates the activity, what exactly is legal, how you can get started, and much more. This page is here to help you out. We will go over these questions that you might have and much more. We are hoping that by the end, you will have a better understanding of sports betting in Peru and you will have a place to get started. Sports betting is an extremely popular activity in Peru, so you do not want to miss out on the fun.

Legality Of Sports Betting In Peru

Peru has a long history, over 25 years in fact, of legal sports betting. There are over 60 retail sportsbooks throughout the country and they are located in all the major cities like San Borja and Lima. The online sports betting market has gained popularity over the last decade, with many regulated online sportsbooks active and operating within the country. The state licensed books allow sports bettors in Peru to wager from anywhere in the country. International sportsbooks are also operating in Peru with no issues and are extremely popular. No matter where you are in Peru, sports betting is possible.

Is Online Sports Betting Legal In Peru?

Yes, and yes, online sports betting is absolutely legal in Peru. With how big the internet has become in the world; many businesses saw an opportunity to bring their products online. Sports betting is no different. Online offshore sportsbooks are all over the internet but not every country is so ready to accept their existence. Countries that have not legalized online sports betting now have to deal with unregulated businesses taking their citizen’s money. But Peru immediately saw that regulating sports betting would be good for the country. Thanks to that, online sports betting has been legal in Peru for about 10 years now. Bettors in the country can use both Peru-based online sportsbooks or online offshore sportsbooks freely.

Peru Sports Betting Markets

The largest city in Peru by far is Lima, with a population of almost 9.6 million people, nearly a third of the country’s total population. The most popular sport for Peruvian bettors is soccer, especially Peruvian Liga 1. There are 20 active teams in Liga 1, but the by far the most successful and popular clubs to bet on are the three largest in Lima: Universitario, Alianza Lima and Sporting Cristal. Aside from soccer, baseball and basketball are also very popular for Peruvian bettors—especially the Liga de Basket de Lima. While the market is already there for sports betting in Peru, there is still huge potential for growth, especially if a national baseball league ever gains a foothold. 

How Is Peru Sports Betting Taxed?

Sports betting is both taxed and regulated in Peru to fund a number of programs throughout the country. There are no exact percentages reported as to how much money is taken from the market through revenue taxes but they are one of the few countries in South America that require taxes be paid on sports betting by operators. State, local, and national government organizations all receive profits accordingly. 

Organized sports programs in Peru also receive a part of the revenue gained from gambling on sporting events that help them to continue to operate. In the simplest of explanations, all money that is received from the sports betting market in Peru is given to anything in the country that is currently in need of funding. Without the legalized regulation and taxing on the sports betting industry, a number of programs within the country would cease to function as they use profits from the market to remain open to the Peruvian people. 

Peru Sports Betting Sites

As we have already mentioned, online sports betting is completely legal in Peru. Although there are a lot of online sportsbooks that are based in the country, the sites we recommend are outside of the country of Peru. Sports betting in 2021 is set to only expand in Peru with these sites as a major part of the picture. The reason we recommend them is not only are they completely legal for you to use while you are in Peru, but they have the best lines and odds you will find. The fact that they are based offshore help make the odds a bit more balanced. Plus, they are recognized as the best online sportsbooks in the world. Check out our review down below to find out why we recommend sites like BetOnline.

BetOnline Sportsbook

BetOnline – Get A 50% Matching Bonus When You Sign Up!

BetOnline is one of the most trusted online offshore sportsbooks in not only Peru but the entire world too. BetOnline has the fairest odds in soccer, baseball, and any other sport you will want to wager on. Plus, they are fast. If you are wondering about the odds in any given upcoming match, BetOnline will give you the odds faster than most other sites. With everything else that this site has to offer, you have no reason to not sign up for a free account.

If you still need motivation, the various bonuses on BetOnline will allow you to fuel your sportsbook account. The 50% Welcome Bonus is a great example of this. On your very first deposit, you can get a 50% matching bonus that is good for up to $1,000. All you need to do is submit the promo code BOL1000 when you make your first deposit and you are good to go. There are plenty of promotions that BetOnline has, so we recommend you sign up for your account and take advantage of them.

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Deposit Methods + Currencies Used In Peru

If you are wanting to bet on sports while you are in Peru, you need to know the various sportsbook deposit methods on top of what kinds of currencies are accepted in the country. The national currency of Peru is the sol. So long as you have sol, you are able to wager on sports in Peru. But it is not just the sol that is accepted. US dollars are also accepted in Peruvian sportsbooks. With both of these currencies, you can bet on sports in Peru. However, we recommend that you use Bitcoin and other cryptocurrencies. Online offshore sportsbooks like BetOnline always accept cryptos and they are the best way to get money into your account. There are a good number of other deposit methods as well that you can take advantage of. The following list will tell you how you can deposit money for sports betting in Peru:

Bitcoin/Cryptocurrencies Visa Card Visa Electron MasterCard
MasterCard Maestro Skrill Skrill 1-Tap Neteller
PaySafeCard Astropay Bank Wire Check

 

How Do I Withdraw My Winnings In Peru?

In the case that you actually win your bets, you will want to know how to withdraw your winnings while you are in Peru. After all, what is the point in winning or playing if there are no ways to withdraw your money? Much like with deposit methods, Bitcoin and other cryptocurrencies are your best bet for withdrawing. The reason for this is because there are no fees for using cryptos and they allow you to move your money in and out of your account faster than anyone else. There are other ways you can withdraw your money as well. Here is a list of ways you can withdraw your cash in Peru:

Bitcoin/Cryptocurrencies Visa Card Visa Electron MasterCard
MasterCard Maestro Skrill Neteller Entropay
Bank Wire Check

 

COVID-19 Brought Esports To Peru

Peru’s sports betting provider INTRALOT has introduced esports to the list of options open to gamblers in the country because of the outbreak of COVID-19. Since so many major sports seasons were canceled or put on hiatus because of the Coronavirus, INTRALOT saw the opportunity to bring esports to Peru as it’s a sector of the gaming industry that is gaining in popularity worldwide and can hold tournaments during a pandemic.

Online sportsbooks in the country now offer Counter Strike, League of Legends, Dota2, Star Craft II, Call of Duty and Overwatch, Fifa20, and NBA2K. Many more different game titles are expected to be added to the list in the future. While the Coronavirus pandemic has wreaked havoc on the world, it’s brought the people of Peru a new market for wagering on sports, all of which can be done via the internet to continue with the social distancing guidelines put in place. 

Who Regulates Sports Betting In Peru?

Sports betting regulation in Peru is a bit different than in other countries with legal sports betting. Most of the time, it is a government agency that regulates and operates sports betting. In Peru, a company called Intralot actually authorizes sports betting in the country. Intralot Peru is also the sports betting provider for the country as well. Intralot Peru is the company that gives out the various sports betting licenses around the country. There is no limit to the number of licenses offered, which means many different online offshore sportsbooks can operate in Peru.

Legal Sports Betting In Peru FAQs

What Are The Best Betting Sites In Peru?

The best sports betting sites in Peru are going to be our recommended online offshore sportsbooks. The reason for that is because they have the absolute best odds in the entire industry. Offshore sites like BetOnline, SportsBetting, and MyBookie are usually far removed from sporting events and they accept bets from the entire world. That keeps the odds fair and balanced which means more money for you in the long run. We highly recommend you give them a try to discover why they are the best betting sites in Peru and all over the world.

What Does The Future Of Sports Betting Look Like In Peru?

Sports Betting seems like it will continue to have an extremely strong future in Peru. The fact of the matter is that sports betting has been legal in Peru for the last 20 plus years and there is no reason for that to change. More sportsbooks will likely pop up in the country in the future which means there will be more options for sports bettors in Peru. If you are looking for a simple answer, sports betting has a very strong future in Peru.

Can I Use Promo Codes In Peru?

Yes, you can use any promo code in Peru. Some online offshore sportsbooks will allow various countries to make bets on them, but they will restrict the use of promotion codes on them. The reason for this is unknown, but that could really put a damper on the sports betting experience. But not in Peru. Peru is very pro sports betting which allows sites like BetOnline to not only allow bets from the country but encourages the use of promotion codes as well. If you want the most of your sports betting experience in Peru, we highly recommend you use promo codes to do so.