Uruguay is located in the southeast of South America and borders the Uruguay River and La Plata River. In the north, it is neighbors with Brazil, in the west with Argentina, and to the southeast lies the Atlantic Ocean. It achieved independence from Brazil on 25th August in 1825. In this blog post, We will discuss top betting sites in Uruguay, laws regarding gambling in the country, and the types of sports betting. Whether it is the legislation on gambling or the current offers and bonuses, we have all the information you need.
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Table of Contents
Summary of Key Events
Gambling Laws and Legislation History
Gambling is not something new to Uruguay since there are records of people gambling in the country, Gambling laws have their roots as far back as the 9th century:
- 1819: The early example can be seen in Uruguay where the first lottery was held.
- 1856: Legalising of sports betting.
- 1882: The first set of the regulations were established thus paving way for the state and private owned casinos.
- 2016: The Act for Gambling Games was passed into law thus becoming the premier law governing games of chance in the nation.
The Regulators of Betting sites in Uruguay
The regulation of gambling in Uruguay is done by two main authorities.
- National Directorate for Inspection of Betting & Gambling Games: Responsible for issuing permits of gambling businesses.
- General Directorate for Casinos: It supervises and controls the mechanisms that exist in the casinos’ industry.
These agencies regulate the legal and ethical conducts of the gambling operations to protect the interest of the operators and the consumers.
Prohibited and Permitted Bets
Uruguay has explicit rules as to the types of bets that are permissible.
- Permitted:
- Land-based casinos
- Gambling halls
- State-run lotteries
- Supermatch and other licensed operators for sports betting
- Prohibited:
- This is because, apart for some exceptions for online sports betting and lottery services, online casinos are not allowed.
- Unlicensed gambling activities
Gambling Licenses and Fees
The process and costs of getting a gambling license in Uruguay are known and rather clear.
- License Types:
- Licensing of land-based casinos in the tourism zones through concession agreements.
- Licenses for sports betting for instance Supermatch.
- Fees:
- A tax rate of 0 means. 75% of the overall revenues from gambling for operators holding licenses.
- Extra taxes on gambling prizes as provided by the Impuesto a la Renta de las Personas Fisicas laws.
Betting Betting Sites in Uruguay
Some of the legal betting sites in Uruguay include; Several betting options are available on these sites.
Dafabet
Dafabet: New customers are welcomed with a bonus that goes up to $5000 UYU in their accounts.
Up To £130 + £5 Free Bets
22Bet
22Bet: It has live streaming and other unique bets and is offering a welcome bonus of up to $2000 UYU.
Up to £122
1xBet
1Xbet: Has more than 60 sports for betting and a welcome bonus of a free bet of up to 2500 UYU for new users.
Up To £100
Evolution of Milestone Events in Sports Betting
Uruguay has gone through several key events that defined the destiny of its sports betting industry.
- 2002: The National Lottery Network was allowed to give online services.
- 2005: Supermatch was brought into the market by the Montevideo Race Betting Bank.
- 2018: It also extended the license for online sports betting, which La Banca was able to offer now.
- 2021: An act was presented to allow online gambling operated by the state or private entities with permits.
- 2022: There is the Online Gambling Bill that has recently been approved by the Senate, which implies the further regulation of the sphere.
Celebrating Uruguay’s Sports Stars
Uruguay counts on many celebrities who have become famous athletes and have put the country on the map.
- Luis Suárez: Uruguayan’s football team Star of the Past and the present approaches.
- Diego Forlán: Famous for his excellent performance in the international football.
- Edinson Cavani: A regular goal poacher and the current player of Paris Saint-Germain football club.
- Esteban Batista: The first Uruguayan to play in the NBA is listed.
- Milton Wynants: Cyklist he won the silver medal at the Sydney Olympics in 2000.
Neighboring Countries’ Gambling Laws
It is neighbored by Brazil and Argentina, and each of these countries has its laws regarding gambling activities.
Argentina:
- Regulated by provincial authorities.
- Online gambling is permitted and legally allowed in some provinces of the country.
Brazil:
- Adoption of new laws on; Legalized sports betting in 2018.
- Other types of gambling are allowed but are strictly regulated.
Paraguay:
- Operational under the National Gaming Commission of South Africa.
- This aspect focuses on the legal and regulated online gambling.
Conclusion
It is therefore necessary to get some information on the betting sites as well as the gambling laws in Uruguay for the individuals who engage in sports betting. Being one of the smallest countries in South America, Uruguay has a lot to offer to the fans of legal betting.
FAQ – Betting Sites in Uruguay
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