Chile parliament considers bill to regulate online gambling

The Commission on Economics of the Chamber of Deputies of the Parliament of Chile approved a number of articles of the bill regulating online gambling. This was recently announced by Deputy Finance Minister Heidi Berner.

The document introduces sanctions against illegal gambling operators. Violators of the law can be fined from 11 to 200 monthly tax units (MTU).

Please note that online gambling is currently prohibited in Chile. The bill proposes to establish a tax of 20% for online operators on gross gambling income. Online bookmakers are also being asked to pay 2% of their annual gross income to the national federations whose sports are betting. Operators will also be required to spend at least 1% of their annual gross revenue on activities that promote responsible gaming.

The annual license fee for operators with a general license relating to all types of gambling is proposed to be set at 1,000 UTM (Chilean units of account), and for companies with a temporary license - 100 UTM.

As for the players, they will be required to pay 15% of their income received from these activities when withdrawing money from their user account to their personal account.