The draft outline of Chile’s online gambling legislation has won the backing of the Senate Finance Commission, marking a significant step toward formalising the sector. The proposal will now move to a full Senate debate before returning to committee for detailed review and possible amendments.
Towards Comprehensive Regulation
The bill aims to establish Chile’s first complete regulatory framework for online gambling, aligning it with existing licensed gaming activities such as land-based casinos and horseracing. By doing so, lawmakers hope to create a transparent and well-regulated environment that protects players and ensures fair competition.
Key provisions include strict safeguards against underage gambling and clear enforcement measures to hold operators accountable. Once the licensing system is in place, authorities will be able to take direct legal action against unlicensed platforms.
Taxation and Fiscal Impact
Finance Undersecretary Heidi Berner clarified that all online gambling services, regardless of their origin, will be subject to Chile’s 19% value-added tax (VAT). She estimated that the overall tax burden on operators would remain under 28%, balancing fiscal responsibility with market sustainability.
Broad Stakeholder Engagement
To shape the legislation, senators have actively sought industry input. The Senate Finance Commission has hosted hearings with a wide range of stakeholders, including national lotteries, licensed casino operators, horseracing representatives, and child welfare organisations. This inclusive approach aims to ensure that the final law addresses economic goals while safeguarding social welfare.
If approved, the bill could transform Chile’s online gambling market, providing clear rules, consumer protections, and a stable tax framework that benefits both the industry and the state.
