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Colombia was the first Latin American country to embrace online gambling by creating a legal and regulatory framework for real money online betting in the country. This article provides an overview of the gambling climate in Colombia and the best online casino sites accepting Colombian players. The best real money casino sites for Colombia in December, 2022 are:
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Gambling is a popular activity in Colombia and most forms of gambling are legal and regulated at state-level. The laws surrounding gambling are governed under the 2001 Gambling Act, which gives the Colombian government rights to legally operate land based casinos, sports betting, greyhound racing, bingo and lotteries. Under the 1991 Constitution of Colombia, all games of chance (like slots, roulette, bingo, etc) are declared to be state monopoly, with all revenue made from games of chance to be used for social purposes. The Coljuegos is the authoritative body responsible for regulating all forms of gambling in Colombia.
Yes – in 2016, Colombia introduced the eGaming Act, becoming for the first Latin American country to approve online gambling legislation. The legislation was driven by the need to keep local gambling revenue on Colombian soil, with the intention of blocking unauthorised, foreign operators from accessing Colombian gambling profits. Vendors seeking a license to operate online gambling services in Colombia are required to pay an annual operating fee of $200,000, along with 15% tax on all gross gaming revenue.
To ensure Colombian punters stick with locally licensed casino sites, Coljuegos came up with a list of 300+ unauthorised online gambling providers, requesting that Internet service providers restrict access to these domains within Colombia. The blocks have been slow to roll out, and Colombian authorities have admitted that blocking unauthorised sites is a challenging task, but officials have said they are working closely with the National Police force and Ministry of Defence to monitor these blocks.
Colombia issued its first online gambling license in July 2017, with the first official license going to gaming company, Aquila Global Group.
Colombia’s new iGaming laws are expected to influence other South American countries, with Brazil also considering legalising online gambling.
Online gambling may be legal in Colombia, but the laws apply to Colombian gambling operators only who have been granted an official license from Coljuegos to operate within the country. These licenses do not apply to offshore operators, so technically it is illegal for Colombian players to place real money bets at online casino sites licensed by a foreign jurisdiction like the Malta Gaming Authority or United Kingdom Gambling Commission, which are two of the world’s leading online gambling jurisdictions.
However, just like prior to the legalisation of online gambling in Colombia, there is very little Colombian authorities can do to enforce these bans or stop players from accessing overseas gambling sites, so Colombian’s are continuing to play at foreign casinos with no penalty. Given the loose enforcement, many of the leading offshore casino sites that don’t have a license from the Coljuegos regulator will happily accept Colombian sign-ups.
Colombian players who play at casino sites licensed outside of Colombia are doing so at their own risk and should take extra precautions to ensure they’re playing at a safe, secure and licensed site. The most reputable offshore casino sites accepting sign-ups from Colombia are listed in the table above, with each site being licensed by trustworthy overseas jurisdictions and offering a range of instant-play casino games and safe deposit methods, although the chance of being able to deposit using the Colombian Peso is highly unlikely. Colombian real money bettors at foreign casino sites will have to use more commonly accepted currencies like USD, EUR, GBP, AUD or CAD.
Colombian authorities have made it legal for citizens to play at nationally licensed casino sites, but things get interesting when it comes to the payment methods available. According to Apuestamil, a leading South American iGaming provider, in Colombia six out of every 10 adults are estimated to be active gamblers, while only two out of every 10 people have access to a credit card. This means that even if they want to, most players are unable to bet online due to not having access to an adequate payment method. Culturally, Colombians also have a general suspicion when it comes to making financial transactions online, with punters much more comfortable with using cash. Just to add to the complications, many Colombian banks block payments made for gambling activity.
To get around these hurdles, Colombia’s licensed gaming operators like Apuestamil are working on implementing cash based vending machines that punters can use to make deposits for online gaming. In the meantime, players with access to a credit card can use MasterCard and Visa for secure deposits, while offshore casino sites accept an array of alternative payment methods including web wallets like Neteller and Skrill, pre-paid vouchers like Paysafecard and country-specific online payment methods.