Honduras is located in the northern part of Central America, bordering the Caribbean Sea to the north, the Gulf of Fonseca to the south, Nicaragua and El Salvador to the east and south, and Guatemala to the west. It became independent on September 15, 1821. This guide will explore the world of gambling in Honduras from the perspective of gambling laws, exploring the best betting sites in Honduras available, and the top sports betting platforms. Learn all about betting bites in Honduras.
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Table of Contents
Summary of Key Events
History of Gambling Laws and Legislation
Historically speaking, Honduras has a rather colorful experience of the law regarding gambling. The main legal act regulating gambling is the Ley de Casinos, Juegos de Envite o Azar passed in the form of Decree 488 in 1977. The rationale for enacting this legislation was to create awareness and encourage people to visit the country hence improving on revenues. Through many years, there were some changes made to adapt to the changes in gambling system and environment.
Evolution of Laws
- 1977: Gambling Act or Casino, Betting, or Chance Law is passed.
- 2000: Alterations that were done for the purpose of incorporating electronic gaming.
- 2010: Further changes that can be made for them to counter modern gambling activities.
- 2020: Present day debate on whether it is appropriate to bring the online gambling under the legal systems.
Regulatory of Betting Sites in Honduras
Gambling functions are regulated in Honduras under the guidance of a body known as the Instituto Hondureño de Turismo or commonly referred to as IHT. It is the role of this agency to regulate the offering of licenses and the operation of all the gambling activities so that they meet the standard set as to e free from bias.
Key Responsibilities
- Licensing: IHT is mandated with the responsibility of issuing licenses for land based gambling firms and other related businesses that deal with gambling.
- Compliance: Periodical check up of the working environment to check compliance with the set standards.
- Public Awareness: Delivering knowledge and signals to the people on how to gamble without falling victims to gambling problems.
Prohibited and Permitted Bets
Thus, knowing what is prohibited and what is allowed is quite significant for anyone who seeks to engage in betting in Honduras. The main emphasis is made on the scope of terrestrial betting activities with some limitations.
Permitted Bets
- Sports Betting: Legalized and regulated by the IHT or the International Human Trafficking.
- Casino Games: Pai gow, blackjack, craps, roulette, baccarat, and Caribbean Stud, for slots and video poker games.
- Lotteries: Loterías Electronicas de Honduras S. A. Being the holder of the franchise that runs the games.
Prohibited Bets
- Online Gambling: Presently falling under the category not approved or not governed and not legalized.
- Underage Gambling: On its own it is limited to those over the age of 18 years but strongly prohibited to people below 18 years of age.
Gambling Licenses and Fees in Honduras
To get gambling license in Honduras, there are few simple procedures and corresponding costs. The IHT deals with all these and it is the one that provides licenses for both casino and betting shops.
License Types and Fees
- Casino License: HNL 700,000 per annum or an amount which is equivalent to basic salary multiplied by 12 plus one half of the basic salary.
- Betting Shop License: CDeserialize to HNL 300,000 per annum.
- Lottery Retailer License: This is managed by Passenger ROR Office, New South Wales or commonly known as PANI.
Gambling Taxes in Honduras
On the taxation aspect, Honduras has taxation vested in the gambling industry. Operators work under a fixed tax regime which means that government stands to gain from the returns.
Tax Schedule
- Casinos and Betting Shops: Gross profit tax of twenty percent, less such paid prizes on the gross income.
- Lottery Retailers: Tax rates that are handled by PANI at their specific level.
Popular Betting Sites in Honduras
Some of the betting sites accessible to Honduran citizens include; In our hands, there are various events and different types of sports that the bettors can wager on. Below are some of the best picks or recommended units.
Dafabet
Dafabet: Gives sharp odds and a well designed website.
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22Bet
22Bet: Perfect for the people who like to have diversification and specific sports including handball and darts etc.
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1xBet
1xbet: Popular for wide markets range and ability of live streaming.
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Milestone Events in Honduran Sports
Honduras definitely has had its fair share of both mammoth sports occasions that has enthralled the country. Such moments do not only illustrate the countries’ love and interest in sports, but the ability of the country in the international level as well.
Key Events
- 1981 CONCACAF Championship: Honduras is the champion team.
- 1991 CONCACAF Gold Cup: Consolidated statements of cash flows: 2nd runners up to the United States.
- 2014 FIFA World Cup: Came through the qualifiers and gave Mexico a worthy beating.
Celebrated Honduran Sports Stars
Honduras has brought forth great talent in athletes taking part in different disciplines of sports. Here are a few of the many household names that the international imputation belongs to:
- Carlos Pavon: He is the list holder of top goal scorer of the national team in its history.
- Amado Guevara: Had a good career experience in the European countries.
- Wilson Palacios: Soccer player, former CHAMP SPUR and Wigan Athletic football clubs.
Gambling Laws in Neighboring Countries
Comprehending how Honduras fits into the picture can give more light on the country’s gambling industry. Here is a brief of the comparison with three neighboring countries
Nicaragua
- Regulated By: Lottery Association of Nicaragua.
- Legal Age: 18 years.
- Gambling Taxes: That is 15% on gross income.
El Salvador
- Regulated By: Speaking of the sources of income, there is one major area that should be mentioned, namely the Ministry of Finance.
- Legal Age: 18 years.
- Gambling Taxes: The broker charge will be 10% on gross income.
Guatemala
- Regulated By: ministère de l’intérieur.
- Legal Age: 18 years.
- Gambling Taxes: These deductions are reasonable in that; 12% on gross income.
Conclusion
It remains important for anyone putting a bet with the betting sites in Honduras to have some background knowledge of the existing betting sites in Honduras and the general outlook of Honduras sports betting. If you are looking at the historical or even regulatory side of things or even the stories behind the Honduran athletes that do well in the sports then this is a good starting point.
FAQ: Betting Sites in Honduras
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