Sports Betting in Peru May Happen Soon
In the latest in gambling industry news, another sports betting market in Latin America could open soon in Peru. A bill was filed by Percy Eloy Alcala Mateo of the Fuerza Popular: Bill 3397/2018-CE, and is now in congress for deliberation. This bill will allow Peruvians to get into the legalized sports gambling industry. The bill’s contents are quite detailed, with many aspects of sports betting covered.
Currently, sportsbooks are operational in the country, but they aren’t covered by any legislation. So, the government only derives income from the industry through income paid by operators. In terms of taxes from gambling, there isn’t any, and this is what the bill wishes to address, among other things.
Sports Betting in Peru: What the Bill Says
One of the main points of the bill is to implement a gaming tax to sports betting. Similar to casinos and lotteries, a 12% monthly tax is proposed. The tax will be based on the difference of what comes in the sportsbook, and what they have paid out.
More so, the bill will also specify where and how sportsbooks could operate. The bill also mandates payouts, as well as penalties for any infractions committed by sportsbooks. The bill mentions a guarantee that amounts to around $166,210.00 that would cover payouts. This amount seems a bit high for some operators, though.
There are currently 20-25 online and physical sportsbooks in Peru, and the market has been seeing a steady growth, which makes Peru a very promising market for sports betting. The proposed bill will not only help the government earn from the lucrative industry, but will also protect gamblers from erring sportsbooks. This effectively gives liability to sportsbooks and protects the interests of those who bet on sports in Peru. A good way to check for the best sportsbook software is to read through pay per head reviews.
