Gambling In Latin America
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Gambling revenues in Latin America are estimated to be worth billions. Many countries are looking at ways to regulate online gambling. UK has already done this and the overall effect has been positive.
There are 33 countries in Latin America. The regulations from country to country create a minefield of gambling laws. Since the global pandemic, many countries are looking at ways to regulate online gambling. Countries in Europe, such as the UK, have already done this. For a complete list of UK licensed casinos, visit Casino.xyz.
Columbia's gambling market went from $24 million US Dollar turnover to $798 million in 3 years. The increase is due to the new gambling rules that came into effect around that time.
Gambling in Mexico is legal when playing at a brick-and-mortar casino and online. Online casinos are not regulated. The Mexican Federal Government allows foreign operators to use foreign-licensed casinos. They pay 30% of all revenues to the central government and 12% to profits. There is also 10% from the winnings from players.
Argentina has 23 provinces with their own gambling laws. Only 9 of the 23 have legalised online betting. European gambling brands are now queuing up to get involved.
