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Chile is located in South America with a population of nearly 18 million people, has a very long history, and is one of the most prosperous countries on the continent. Chile's gambling culture has also flourished since 1852 when games of chance were introduced.

According to reviews, Chile has enacted gambling laws that keep up with the times giving gamers here the recreational opportunities as desired. It is estimated that bettors in Chile spend $ 600 a year betting and seem to be on the rise each year.

Gambling Laws in Chile

Until 2005, Ley Num. 19.995 (Law No. 19.995) of Chile finally had passed after many changes. The Chilean government has allowed the licensing of up to 24 land-based casinos across the country, each of which cannot have more than three casinos and they must be 70 kilometers apart. Therefore, it is not difficult to find land-based casinos throughout Chile.

Ley Num. 19,995 is responsible for the authorization, operation, administration and oversight of gambling organizations in Chile. The Law also reserves the right to license and supervise casinos or regulate legitimate casinos. Law No. 19.995 also created the Superintendencia de Casinos de Juego (SCJ) to act as a gaming committee to license and make final decisions about gambling facilities in Chile.

In addition to the SCJ, the Ministry of Finance also has the authority to impose regulations for Chile's gambling industry, making the laws complicated for land-based casinos.

Chilean law does not provide clear regulations regarding online betting. It is generally prohibited but no specific penalties have been imposed. In recent years, a number of proposals for licensing online casinos have been made while the Chilean government has made no move on blocking foreign casinos.

From 2012 to 2013, lawmakers launched proposals to legalize, regulate and tax online gambling institutions in Chile. However, the plans have yet to be realized.

Lottery games are very popular in Chile, and they all contribute to the majority of sales to charity. Therefore, the Chileans are very willing to support the lottery despite the low winning rate.

Gambling Events in Chile

Despite a long history of gambling, when General Pinochet was in the military was seen as a nightmare for casinos and games of chances in general because Chilean gamblers are prohibited from participating in all forms of gambling except horse racing tracks. Today, of course, everything has changed.

In 1852, the first casino in Chile was established.

A total of 25 casinos were licensed as of early 2014. As the Casino Director's Settlement Council accepts the late 2013 request of the Casino Termas de Chillán SA.

Furthermore, approximately 17 licenses had been requested from more than 40 organizations. It is expected that the number of casinos in Chile will soon double. However, it is not certain, because, in 2005, 40 approved casinos were discovered by the authorities since Thunderbird Gaming possessed all six licenses.

Payment Methods in Chile Online Casinos

The official currency of Chile is the peso and is available at all Chilean casinos. For players in Chile, they are offered a variety of reputable payment methods on online casinos. However, before choosing the right payment gateway, find out its terms and conditions. Since each casino will have different rules.

In particular, credit and debit cards are popular forms of payment for Chilean gamblers. In addition, e-wallets such as Neteller and Skrill are often used to deposit and withdraw gambling transactions.