The arrival of online casinos has meant a small revolution for many countries in the Latin American area, including Chile. Since we are talking about a sector that in these nations was not properly regulated, both operators and players have encountered certain problems when playing or developing their businesses, respectively.

Fortunately, in the case of Chile, the corresponding reaction has already taken place on the part of the government, with the development of the necessary regulation for this type of company.

One of the main problems that Chileans have when playing in a casino is that the legislation currently does not cover the activity of online casinos that operate within the country. This does not mean that they are illegal, since online gambling is not registered in the old laws that control this activity within the Nation, so their more specific situation would be that of legality. In other words, online gambling is not illegal, but it is not specifically recognized as legal either.

This little limbo in which online casinos in Chile are currently will come to an end once the Government approves the gambling law, which it has been working on for years. The problem is that, as they say, things in the palace go slowly and the Chilean Gambling Law has not been an exception.

In fact, the two laws that are currently aimed at regulating online gambling activity in Chile have not even reached the House of Representatives, but for now they are still hanging around in the corresponding commissions, which makes us think that they will probably still be approved.

is far away At least, it is true that for the moment the courts are respecting the operators that are acting within the situation of illegality discussed, as demonstrated by the responses to certain lawsuits imposed by the Chilean Charity Police against some online casino operators. Its dismissal is a sign that the arrival of online gambling and casinos in this country is already a reality that, as such, must be properly regulated.

The delay in the legislation is causing serious problems both for the development of the sector and for the State as far as tax collection is concerned. Since we are talking about an illegal sector, there are no specific data or records of its potential activity, but certain estimates made by the Government. According to these sources, the income of these rooms would be around 150 million dollars during the financial year 2021. If we apply to these figures the tax burden that the current casino regulatory bill would be raising, the tax losses that Chile currently due to this lack can be around 60 million dollars over the current betting figures. And it is that this amount is the second aspect that we must take into account.

According to various analysts, the legislation on gambling activity would imply doubling the income of online casinos in Chile, as greater marketing activity can be carried out and players have the necessary peace of mind regarding their bets. Something that would logically encourage the growth of the sector and in parallel the income obtained by the Government.

As the last aspect to be highlighted in terms of the tax burden and the potential income of the industry, it is also important to take into account that a legalization of the activity of the casinos would also increase the investments in marketing that the operators would make. Something that would mean a revitalization of the Chilean economy in this sector and would also allow the State to add even more income, apart from those obtained directly from the players.

And it is that the legislation establishes that those who are lucky in the casino must pay 15% of their earnings within their income tax. Another little extra to improve state revenue.