Bolivia is located in the center of South America, neighbours with Brazil, Peru, Chile, Argentina and Paraguay. In this article, we explain important elements of Bolivia’s legislation on gambling, discuss the best betting sites available in the country, and give some background information about sports in Bolivia. At the end of this blog post, I will explain to you about the current state of Bolivia’s gaming laws, the most recommended for betting sites in Bolivia, and the moments that defined the sports culture of the country.
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Table of Contents
Summary of Key Events
History of Bolivia Gambling Laws
The history of gambling in Bolivia has not been without its share of turbulent changes in policies as well as acceptance by people.
- 1871-1938: Gambling was allowed and acted as a business with various opportunities for the population.
- 1938-1996: It was necessary to forbid all kinds of games of chance.
- 1996: The government allowed 200 bingo halls that were mainly slot machine establishments.
- 2002: Legalization of casinos also occurred although only a limited number of casinos were operating.
- 2010: The Bolivian Gambling Control Authority also known as AJ is the body that regulates gambling activities.
- 2011: Stringent measures were put in place; coupled with increased levies, many organizations pulled out of the market.
- 2020: The process of regulating and legalizing of online gambling started.
Regulatory of Betting Sites in Bolivia
To this end in Bolivia, there are particular authorities that regulate and supervise the provision of gambling services.
- Autoridad de Fiscalización y Control Social del Juego (AJ): AJ was established in 2010, its scope is the overall regulation of all forms of gambling in Bolivia depending on laws enacted.
Prohibited and Permitted Bets
It is therefore vital to know the legal aspects in order to be able to bet in a prudent manner.
- Permitted: Lottery, bingo halls with the permission of the state, and casinos.
- Prohibited: Unregulated gambling, this encompasses such activities as unlawful online gambling.
Gambling Licenses and Fees
Licensing is one of the most important elements of a legal gambling business
- Types of Licenses: The licences are for bingo halls, casinos and lotteries.
- Fees: The fees payable to the operators are quite high and the tax regime on lottery and gambling is also very high at 30 percent of the gross turnover.
- Annual License Issuance: The current license was issued in 2014 and up to date only two licenses have been issued.
Gambling Taxes in Bolivia
Taxes are very crucial in the overseeing and deriving some revenues from the gambling sector.
- Operator Taxes: Therefore, taxes of 30% on the revenue generated as well as 15% on the client proceeds are charged.
- Player Winnings: At the moment not subject to taxation.
Popular Betting Sites in Bolivia
For those who wants to start Bolivia sports betting, the following are some of the options that you can try.
Betandyou
Betandyou: It is known for having numerous sports markets, and an easy to use website. New clients who register can get up to $30 in bet credits.
Up To £120 + £30 Free Bets
Dafabet
Dafabet: It has a rich selection of sports and quite favorable odds. The first timers are offered double the cash back on the first deposit made with the casino.
Up To £130 + £5 Free Bets
22Bet
22Bet: A fairly young website with convenient navigation and navigation, as well as rather generous promotions, including the doubling of the deposit up to $25.
Up to £122
Important Events in Bolivian Sports History
Sport has always been an important part of Bolivia, accompanied by certain achievements and successes.
- 1963: Bolivia is crowned the South American Football Championship.
- 1984: Nelson vails got an Olympic silver medal in cycling.
- 1992: Erwin Sanchez on the other hand wins the gold in men’s 400m hurdles during the Barcelona Olympic games.
- 2010: The Bolivian sub-15 football team takes the gold at the Singapore Youth Olympic Games.
- 2019: The Bolivia national basketball team clinches the third place at FIBA AmeriCup.
Celebrated Bolivian Athletes
Many sportsmen of Bolivia have achieved fame and recognition in the world.
- Marco Antonio “El Diablo” Etcheverry: World famous soccer player.
- Erwin Sanchez: The subject of this paper is the Olympic gold medalist in the category of 400m hurdles.
- Marcelo Martins Moreno: International soccer star and a goal getter.
- Benjamin Paredes: International swimmer with many medals to her name.
- Juan Carlos Morales: Some of the famous people that have climbed the Seven Summits including Mount Everest are
Neighboring Countries’ Gambling Laws
The Bolivian regulations are reflected and opposed in the neighboring countries
- Brazil: It is mostly banned however there are signs that gambling is slowly being legalized.
- Peru: Gambling is legal and regulated and there is a well developed casino business.
- Argentina: Gambling is licensed at the provincial level and the level of legal and actual regulation differs.
Conclusion
The history of betting in Bolivia is a rather convoluted one due to the changing legislation and the general perception of the activity over the years. The government of Bolivia has put in place strict laws and ensure that there is gambling responsibility while at the same time promoting the development of the industry. For bettors, this is a very important factor that defines the ability to make correct decisions.
FAQ of Betting Sites in Bolivia
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