{"id":11051,"date":"2025-03-28T13:31:23","date_gmt":"2025-03-28T13:31:23","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=gambling&#038;p=11051"},"modified":"2025-03-28T13:31:23","modified_gmt":"2025-03-28T13:31:23","slug":"800-million-shock-chiles-booming-online-betting-industry-still-unregulated","status":"publish","type":"gambling","link":"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/","title":{"rendered":"$800 million shock: Chile\u2019s booming online betting industry still unregulated"},"content":{"rendered":"\n<p>A recent report has rocked Chile\u2019s public debate by revealing that the country\u2019s online betting market generated an estimated <strong>$3.1 billion<\/strong> in gross gaming revenue during 2024\u2014yet remains entirely unregulated. According to U.S.-based consultancy Yield Sec, more than <strong>5.4 million Chileans<\/strong> used online betting platforms in the past year, highlighting the scale of an industry that has operated under the radar.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"340\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png\" alt=\"\" class=\"wp-image-9725\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1.png 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-300x102.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/11\/ice-london-termino-y-se-despidio-la-feria-en-imagenes-mgl-1-768x261.png 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/a><\/figure>\n\n\n\n<p>The most explosive revelation? If properly regulated, the online betting sector could generate <strong>between $600 and $800 million annually<\/strong> in tax revenue\u2014ten times more than the Chilean Ministry of Finance\u2019s earlier projections. This windfall could fund critical areas such as healthcare, education, and public safety in a country facing a growing fiscal deficit.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"282\" height=\"179\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated2.jpg\" alt=\"\" class=\"wp-image-11053\" style=\"width:840px;height:auto\"\/><\/figure>\n\n\n\n<p>Carlos Baeza, representing major platforms like Betano, Betsson, and Coolbet, emphasized the urgency<em>: \u201cThis market is not marginal\u2014it\u2019s massive and consolidated. Regulation is not only necessary, it\u2019s urgent.\u201d<\/em><\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/europe\/a-tough-end-of-the-year-for-betsson-and-evolution-whats-going-on\/\" target=\"_blank\" rel=\"noreferrer noopener\">A Tough End of the Year for Betsson and Evolution: What\u2019s Going On?<\/a><\/p>\n\n\n\n<p>However, the current bill under review in Congress proposes a <strong>37.6% tax rate<\/strong>, far above the international average. Yield Sec warns this could push operators underground, creating a split between legal and criminal markets, as seen in other jurisdictions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/chilean-authorities-crack-down-on-illegal-casino-linked-to-organized-crime-in-santiago\/\" target=\"_blank\" rel=\"noreferrer noopener\">Chilean authorities crack down on illegal casino linked to organized crime in Santiago<\/a><\/p>\n\n\n\n<p>Time is ticking. Chile must act decisively or risk losing control over a billion-dollar beast.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Time is ticking. Chile must act decisively or risk losing control over a billion-dollar beast.<\/p>\n","protected":false},"author":1,"featured_media":11054,"menu_order":171,"comment_status":"open","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[4357,105],"class_list":{"0":"post-11051","1":"gambling","2":"type-gambling","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-chile","8":"tag-sports-betting","9":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>$800 million shock: Chile\u2019s booming online betting industry still unregulated - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Time is ticking. Chile must act decisively or risk losing control over a billion-dollar beast.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$800 million shock: Chile\u2019s booming online betting industry still unregulated - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Time is ticking. Chile must act decisively or risk losing control over a billion-dollar beast.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"406\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/\",\"name\":\"$800 million shock: Chile\u2019s booming online betting industry still unregulated - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/colombian-gambling-news\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/800-million-shock-chiles-booming-online-betting-industry-still-unregulated.jpg\",\"datePublished\":\"2025-03-28T13:31:23+00:00\",\"description\":\"Time is ticking. 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