Peru, the place where the Inca Empire once thrived, is famous around the globe for their vast culture, the cute Llamas, lake Titicaca and for being the first country that cultivated potatoes, among others. It’s the third-largest country in South America, and its economy registered continuous growth in recent years. From a sporting perspective, Peru is crazy about football. Just like all other South American countries, Peru has a rich footballing culture. The best Peruvian football players nowadays play in the Campeonato Brasileiro da Serie A, like is the case for Jose Paolo Guerrero. However, the nation gave the world Claudio Pizzaro, the striker that helped Bayern Munchen win many trophies throughout his career. Except for football, Peru is also very much into volleyball, followed by bullfighting and racing.
With such a strong sports culture in Peru, the betting landscape couldn’t be left behind. Peru is the second country in Latin America to regulate the gambling landscape. Both land-based and online gambling is regulated starting in 2008, even though a law for land-based gambling was in place ever since 1999.
As previously mentioned, Peru is one of the countries on the South American continent that saw the true potential of gambling and decided to use taxation of gambling and betting as a way to boost revenue. To do so, they started developing laws that will allow operators to have a legitimate operation in the country. The first piece of legislation was passed in 1999. Ley 27153 to regulate the exploitation of casino games and slot machines allowed land-based casino to start functioning. It’s the same year the General Directorate of Casino Games and Slot Machines, a branch of the Ministerio de Comercio Exterior y Turismo was appointed as the authority in charge of supervising the gambling environment, issuing licenses, and making sure all the regulations are respected.
Soon, the big cities in Peru started seeing casinos developing, and this fueled the appetite for sports betting as well. It wasn’t long until the law was amended to include sports betting and, finally, in 2008, the legislation was updated to address the online betting and gambling branches as well.
Immediately after the licensing system for online casinos was set in place, Swedish iGaming giants Betsson applied an received a license. The framework was designed to allow international bookmakers to easily apply for a license since there are no restrictive requirements, like running the business from Peru or anything like that. The licensees pay a 12% tax on gross gaming revenue, and the license is valid for six years.
With both the land-based and the online betting landscape fully regulated, Peru is ready to move forward towards improving the iGaming environment in the country. There are a lot of iGaming events taking place in the country, which is an excellent sign for the future. The Peru Gaming Show is the most popular event that took place for the first time in 2018.
Since the online betting environment is regulated in Peru, there are initiatives from the authorities to block access to bookmakers that operate without a license. However, for the time being, the talks only focus on bans on advertisement, there are no blacklists in place or anything similar.
Having plenty of licensed online bookmakers available in their country, punters in Peru know what great-quality betting looks like. So, every bookie that wants to stand a chance at making it in this territory needs to properly do its homework. This means delivering a website that’s fully translated in Spanish, a focus on football, volleyball, and racing, as well as a good choice of local payment methods. On top of that, any special offer or boosted odds for Primera Division del Peru or any other South American football competition is a big plus.
There are talks about implementing a ban on foreign betting sites that operate in Peru without a license. However, for the time being, there are no actual restrictions set in place. So, if you don’t like the services offered by licensed bookmakers in Peru, you can always pick any other international operator and try your luck there. Even if the authorities would decide at some point to force ISPs to cut access to certain domains, a VPN would be a very facile workaround for such a situation.
Just like the authorities didn’t place any restrictions when it comes to Peruvian punters accessing foreign bookmakers, there are no restrictions when talking about payment methods. Credit and debit cards remain the most popular payment methods in the country while ewallets like Skrill or Neteller are also very popular. On top of that, Peruvian punters can choose to deposit with a local payment method – Pago Efectivo. It’s a payment option that allows them to pay via bank transfer, or by generating a rechargeable Visa card. The same goes for Mobiamo, a bank transfer payment option optimized for mobile users, or Mint – a pre-paid card solution that can only be used for deposits.
At the moment this article was written, there were no betting exchanges that applied or received a license in Peru. However, players are free to enjoy the international bookmakers and betting exchanges as well. This means Peruvian punters are free to open an account at top-quality exchanges such as Betfair or Smarkets. As long as you are allowed to open an account, you’ll have no issues enjoying sporting bets at these betting markets. Also, make sure to use an ewallet, just in case something changes in the legislation and your card transactions will be monitored.
For both online casinos and bookmakers, the competent authority to deal with complaints is the General Directorate of Casino Games and Slot Machines, under the Ministry of Tourism. Of course, you can only contact them for a complaint in case you’re playing at the licensed bookmakers. If you choose to play at the international sportsbooks, you need to contact the authority that issued their license. It’s the best way to deal with any unwanted situation when you’re betting. Also, you can always count on us to act as a middleman in your communication with any bookmaker out there. Just let us know about your problems and we’ll contact the bookies, trying to get to the bottom of it.