Last updated on: September 7th, 2023
Legal Sports Betting In Peru
Legal Peru sports betting is not only active, but it also has a very strong market. Peru is a country that is in the process of fully regulating legal online and retail sportsbooks. If you go around the country, you will easily find opportunities for legal sports betting, with many online platforms that have been available for many years. If you want to experience a fast-growing sports betting market that is starting to expand, then you should definitely consider using sports betting sites in Peru.
But there might be some questions you have about legal sports betting sites that take Peru players. You might be wondering who is regulating 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.
Top International Sportsbooks
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.
- Reliable Banking Methods
- Strong Server Connection
- 10+ Year Track Record
- Huge Assortment Of Odds
- No App Mobile Betting
SportsBetting is known around the world for its great sportsbook, but what truly makes them unique is its versatility. When players sign up for SportsBetting they get access to excellent Peruvian betting odds, but also one of the country’s best overall online casinos. SportsBetting’s Peru casino offers online poker, slots, and even a live casino. No other legal gambling site in Peru can match the wide variety of gambling options that are available at SportsBetting.
In addition to their wide range of gambling options, few legal betting sites in Peru can match SportsBetting’s sign-up bonuses. Players can receive up to $1,000 in bonus funds regardless of their deposit method at SportsBetting! That massive bonus maximum is achieved off a 50% match. The rollover for the SportsBetting sign-up bonus is also incredibly low, with players simply having to clear a 10X rollover.
- Efficient Site Layout
- Full Mobile Betting Suite
- Available Customer Service
- Trustworthy Banking Options
- Fast Payout Times
Is Online Sports Betting Legal In Peru?
Yes, online gambling is legal in Peru. President Pedro Castillo signed online sports betting into law in August 2022 and regulated sportsbooks are allowed to operate within the Republic. Additionally, online sportsbooks licensed outside of Peru have provided odds in the Republic for years legally. Peru has embraced gambling, including sports betting, heavily and has no laws that prevent locals from betting on sports online. Online sports betting is indeed legal in Peru and is available for all residents and tourists alike.
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 offshore sports betting sites in Peru.
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. With sports betting being closed to regulated in Peru with Bill number 2070, the tax from sports betting and online gambling would consist of 40% of the money would to the public treasury, while 20% would go to Sports Institute in Peru. The Foreign Trade and Tourism organization is the group attempting to regulate sports betting, and the remaining 40% of the tax would go to their budget.
Sports Betting Revenue In Peru
Legal Peru sports betting set its sports betting tax rate at 12%. The taxation of regulated betting in Peru will be overseen by the Ministry of Foreign Trade and Tourism (Mincetur) and the funds will be divided among the Mincetur, the Peruvian Sports Institute (IPD), the Ministry of Health, and the Public Treasury. 40% will go to Minceur while 20% each will be divided to the other branches.
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.
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|
How Do I Withdraw My Winnings In Peru?
Much like with deposit methods, Bitcoin and other cryptocurrencies are your best bet for fast sportsbook payouts. 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|
|Status:||Legal – Peru-based and Internationally-Regulated Sportsbooks|
|Retail:||Active And Available Soon|
|Online:||Active And Available Soon|
|Popular Sports:||Soccer, Rugby, American Football, Basketball, Baseball|
Can I Bet With Nuevo Sol?
International sports betting sites in Peru do not accept Nuevo Sol as either a depositor withdrawal method into their sportsbook. Peruvian-based sportsbooks may accept the country’s official currency, but those can also be hit or miss. The best recommendation for players looking to bet online with Nuevo Sol would be to open a cryptocurrency exchange account, purchase crypto (Bitcoin, Ethereum, DogeCoin), and use that to deposit into your desired sportsbook. Crypto transactions have no fees, large bonuses, and can be used to deposit and withdraw when it comes to legal Peru sports betting.
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.