Top Venezuela Online Casinos

Venezuela is located on the Atlantic Ocean and shares borders with Colombia, Brazil, and Guyana. This South American nation is known for the world's largest oil reserves, and oil and gas seem to dominate the country's economy. As for the gambling industry, Venezuela, like most other South American countries, is underdeveloped. Currently, the government has five terrestrial casinos and the size of the gambling industry is not so impressive.

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1 Zodiacbet Casino
3.8
User's reviews (1)

Zodiacbet Casino

  • Fully available on desktop and mobile devices
  • 24/7 live chat, callback, and email support
  • A wide range of live dealer games are available
  • Huge game selection from almost 20 game providers
  • The relatively new casino, not yet proven by time
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2 Zodiac Casino
3.6
User's reviews (1)

Zodiac Casino

  • Live chat available 24/7
  • Triple gambling licenses
  • Various withdrawal methods
  • A variety of online casino games
  • No live dealer games
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3 ZigZag777 Casino
3.3
User's reviews (15)

ZigZag777 Casino

  • 0-24 withdrawal timeframe
  • Live chat open 24/7
  • Mobile friendly deisgn
  • Multiple withdrawal limits
  • Low withdrawal limits
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4 Zet Casino
3.6
User's reviews (1)

Zet Casino

  • 24/7 customer support
  • Accept bitcoin
  • Bonuses and attractive promotions
  • Plenty of exciting games from top software vendors
  • The Welcome Bonus does not apply to players using Skrill and Neteller methods to pay.
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5 Yukon Gold Casino
4
User's reviews (1)

Yukon Gold Casino

  • High weekly withdrawal amount
  • Various banking methods
  • Mobile-friendly casino app
  • Live chat open 24/7
  • Large number of restricted countries
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6 Your Favorite Casino
3.2
User's reviews (1)

Your Favorite Casino

  • A brand new casino that hasn't been proven by time
  • Huge game selection from almost 20 game providers
  • Great loyalty system and promotional types
  • Relatively new casino, not yet proven by time
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7 Yoju Casino
3.8
User's reviews (1)

Yoju Casino

  • Accepts only cryptocurrencies
  • A wide range of live dealer games are available
  • Huge game selection from almost 20 game providers
  • The casino is Bitcoin-friendly
  • The relatively new casino, not yet proven by time
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8 Yeti Casino
3.7
User's reviews (10)

Yeti Casino

  • Offers a wide variety of games from more than 20 vendors
  • Very generous welcome offers.
  • VIP Club And Loyalty Scheme for loyalty players.
  • Supports a wide range of payment methods.
  • Few withdrawal methods
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9 Yako Casino
4
User's reviews (1)

Yako Casino

  • Nearly perfect integration across all devices
  • There are 3 contact options: live chat, phone, and email
  • Secured with SSL encryption
  • Proven fair by iTech Labs and other auditing firm
  • Large number of restricted countries
100% up to $99 + 99 Free Spins
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10 Wolfy Casino
4
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Wolfy Casino

  • Play your favorite games on mobile devices
  • Deposit funds into your casino account using many popular payments
  • Offers hundreds of quality slots from many of the leading software providers.
  • You need to complete verification before withdrawing money
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Gambling Laws in Venezuela

Since 1997, casinos in Venezuela have been legalized, and other laws have been enacted to regulate gambling industry taxes. Before 1997, the local government licensed casinos to operate. After that, all of these facilities have been overseen by the Venezuelan state.

As a rule, casinos in Venezuela must be located inside hotels in tourist resorts with a minimum number of rooms of 200. The licenses are valid for ten years and pay a tax rate of 20% total revenue. This has resulted in a few significant casinos shutting down for not being able to meet these requirements.

President Chavez does not impose an immediate ban on casinos but only imposes taxes that make gambling organizations unacceptable.

Since Chavez no longer took power, the gambling industry in Venezuela is slowly returning to normal, although the country is still struggling to recover the collapsed economy.

As of 2017, the Venezuelan government has been trying to change the legislative framework, and new bills are being discussed on transactions with casinos, slot machines, bingo, lottery, and sports betting. The reform draft was submitted in February 2002 and approved three months later. The new rules are currently being revised for the second final read.

The government rules gambling in Venezuela, and only licensed facilities are allowed to operate. Recently, the government has taken a more severe move and has stopped licensing both new casinos and bingo rooms.

Gambling Events in Venezuela

Access to land gambling is quite limited in Venezuela for horse racing, bingo room, and lottery.

Venezuelans have access to land-based sports betting but must play at 1 of 5 national casinos. This has affected the growth rate of land sports betting here.

However, there are quite a few secret sportsbooks here as Venezuelan gamblers are not conveniently going to one of the casinos to bet on sporting events.

venezuela gambling

Since 1991, the government-run lottery has offered the betting category Kino, and it has steadily grown in popularity.

Currently, the onshore gambling scene is not much developed unless the government loosens regulations, but it seems unlikely.

Even so, many gamblers have turned to online gambling, and it seems to be the most convenient option for them. 

Venezuela has granted several licenses to online casinos operating off Margarita Island.

Payment Methods in Venezuela Online Casinos

The official currency of Venezuela is the Bolivar and is mostly accepted by online casinos.

For money transfers, these South American online casinos offer secure and fast methods of payment. Supported methods such as Skrill, Neteller Casinos, WebMoney, Visa, Mastercard, PayPal, etc., are reputable payment gateways, absolutely secure, and any process is handled via a secure channel. 

There is an online payment platform at the forefront with excellent customer protection policies, and a complete security transaction is the PayPal e-wallet. PayPal does not disclose gamblers' personal information to online casinos or vendors. In addition, the benefits that this e-wallet brings to customers can be mentioned as instant deposits and minimal fees.