Paraguay is a landlocked country in the center of South America and has main mountain ranges namely the Amanbai and Barrancayo Mountains. On the south it is neighbored by Argentina, Brazil to the northeast and Bolivia to the northwest. Since more and more individuals participate in these activities, it is essential to know more about the betting situation in Paraguay. This guide focuses on the country’s gambling legal framework, regulatory agencies, sports betting, online gambling platforms and betting sites in Paraguay.
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Table of Contents
Summary of Key Events
History of Gambling Laws in Paraguay
The history of gambling in Paraguay has gone through a number of transformations since the time past. Here’s a brief overview
- 1943: The first casino in Paraguay went on line.
- 1954: The Hipódromo de Asunción was founded which can be considered as the start of the formal horse racing.
- 1997: Several legal acts were adopted in the sphere of gambling, firstly, the Law No. 10161, which established the legal regime for the games of chance.
- 2015-2018: Online gambling was legalized in a step by step manner, first with online lottery in 2015 then online casinos in 2017 and then sports betting in 2018.
- 2022: Paraguay’s President Mario Abdo Benitez, issued an executive order in order to modify the land-based gambling laws that led to the prohibition of slot machines from non-gambling establishments.
Regulatory of Betting Sites in Paraguay
This authority of the regulation of the gambling in Paraguay is The National Games of Chance Commission (CONAJZAR). Their main responsibilities include
- Issuing gambling licenses
- Carrying out of audits and monitoring activities
- Implementing the laws and regulation on gambling
Prohibited and Permitted Bets
As for Paraguay, this country also has allowed and prohibited types of gambling. Here are some specifics
- Permitted Bets:
- Lottery (state monopoly)
- Casino games
- Sports betting which include both the off line as well as on line betting.
- Horse racing
- Prohibited Bets:
- Unlicensed online gambling operations
- Gambling machines located outside the premises of the licensed gambling halls
Gambling Licenses and Fees
To get a license for gambling in Paraguay one has to go through a rigorous procedure of getting a license.
- Casino Licenses:
- Usually, they call for an investment of not less than $3 million.
- Casinos have to be combined with hotels often.
- There is a limit to the number of casinos that can be allowed and this stands at 25.
- Licensing Process:
- Begins with a public tender as a way of procuring the services.
- The selected applicants are awarded with concession contract for a period of 20 years.
- Fees and Taxes:
- The fixed license fees differ from one location to another as well as from one type of business to another.
- A 8% tax on any gambling winnings above 500,000 guaranis ($70).
Best Online Betting Sites in Paraguay
Some of the betting sites have grown popular in Paraguay and they offer various_choices for the gamblers.
Dafabet:
Dafabet
Sports, casino, poker, etc are offered for bettings.
It is famous for the fine odds and the company’s good name.Up To £130 + £5 Free Bets
Betandyou:
Betandyou
Offers a number of betting lines for sports and also offers a casino feature for their players.
Reputable firm with very competitive odds.Up To £120 + £30 Free Bets
22Bet Sports:
22Bet
It is famous for its high level of customer service and a rather nice welcome bonus.
Good concentration on markets for football and basketball since they are among the most popular sports.Up to £122
Milestone Events in Paraguay’s Sports Betting
- 2004: The Paraguay’s National Soccer Team got the second place at the Olympic Games.
- 1970: Organiser of the annual rally event, the Trans-Chaco Rally was introduced.
- 1979 & 1981: Paraguay’s national basketball team and its recent victory in the South American Championship.
- 2022: New changes to the land based gambling laws were made.
Celebrating Sports Star Glory
Many athletes have been produced by Paraguay who have made the country proud.
- Roque Santa Cruz: Date, former professional footballer, player of Bayern Munich in Germany and the Paraguay national team.
- Luis Scola: An athlete in basketball that has played in international level with an Olympic gold in 2004.
- Fabiana Claudino: One-time team member in the Olympics and a World Championship with several medals to boast of in volleyball.
Gambling Laws in Neighboring Countries
Argentina
- Regulation: This provision is governed by provincial officials of the country’s respective provinces.
- Licensing: Every province has its own rules as to the requirements for issuing a license.
- Recent Actions: This paper also reveals that there has been a rise in the efforts to regulate online gambling.
Brazil
- Regulation: The regulation of gambling is thus carried out by the Ministry of Economy.
- Licensing: In the process of updating the laws to accommodate more gambling activities especially on the internet.
- Recent Actions: Exposing the bills on the ban of sports betting and casinos.
Bolivia
- Regulation: Operated by The National Lottery of Bolivia.
- Licensing: It is very much regulated and controlled.
- Recent Actions: Currently there is a process of the legal framework of gambling undergoing a process of modernization.
Conclusion
The current environment of Paraguay betting sites is rapidly expanding which creates certain prospects and certain difficulties for both fans and companies. Knowing the background information, legal environment and the current situation of gambling in Paraguay will assist you in making the right choices to have a good time and wager safely. For the persons who are interested in this and willing to try it out, it is recommended to find an enjoyable and comfortable betting site and start trying out Paraguay sports betting.
FAQ of Betting Sites in Paraguay
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