Best Online Casinos In Chile 2024

History of casino gambling in Chile

One can trace the modern history of gambling in Chile to the mid-19th century when the country inaugurated its first land-based casino in 1852. The gambling industry in Chile remained stagnant until the enactment of Law No. 1,528 of 1902, which allowed and legalized betting on horse races. However, Chileans only restricted the possibility of gambling to horse racing.

Although it had a slow start, the gambling industry in Chile underwent several modifications in the gambling legislation so that nowadays, Chileans can enjoy a regulated land-based casino industry with a wide variety of betting options. In 2005, the country enacted Law 19.995, which regulates land-based casinos.

Decree No. 1,411, enacted in 2008, authorized some gaming activities to operate online. Since this decree, Chilean players can enjoy betting on some sports and play lotteries online, although the state manages such activities as monopolies.

The Chilean Government desired to modify the online gaming system in 2021. Although still a draft, the law would attempt to regulate all online gambling in the country.

How are online casinos regulated in Chile?

The entity regulating gambling in Chile is the Superintendencia de Casinos de Juego, which holds gambling activities and grants operating licenses. Although online gambling is prohibited, Chileans can go to international online casinos.

Gambling taxes in Chile

The gambling tax functions as an essential source of revenue for the state. It also functions as a tool to help criminal activities such as fraud and money laundering in gambling, as well as helping to finance social projects in the country.

The Treasury Service in Chile collects the gaming tax. Gross income from gaming activities in Chile is subject to a 20% tax. The calculation is made after deducting value-added tax (VAT) and mandatory provisional payments (PPM).

The funds collected are divided as follows:

1. 50% goes to the assets of the municipality concerning the commune, where the casino is located, to be used for development works.
2. 50% goes to the assets of the regional government, where the casino is located, to be used for development works.

Top 5 best online casinos in Chile

In Chile's dynamic online casino scene, a rich array of options entices veteran players and newcomers. These platforms excel with their diverse games and a strong focus on security and ease of use, carving out a distinguished presence in the thriving gambling community of Chile. This article highlights 5 of them.

1# Megapari

In the Chilean casino industry, Megapari stands out for its extensive range of online casino games and user-friendly interface.

#2 Rabona

Rabona is recognized in Chile for its engaging live casino experience and diverse slots and table games.

#3 1xBet

Known for its strong presence in the Chilean market, 1xBet offers various online casino games, including slots and classic table games.

#4 22Bet

22Bet is popular in Chile for its comprehensive collection of casino games and its seamless integration with mobile platforms.

#5 20Bet

In Chile, 20Bet is admired for its diverse casino games and emphasis on providing a secure and fair gaming environment.

The best casinos in Chile: Comparison

Exploring the best casinos in Chile presents an opportunity to compare the top contenders. This table provides a detailed comparison of the leading casinos.

Main provisions of Gambling Law

The Superintendencia de Casinos de Juego is the entity in charge of regulating casinos in Chile based on the regulations of the Gaming Law.

Supreme Decree No. 287 of the Ministry of Finance of 2005 specifies the following:

Article 9 specifies the prohibition of entering gambling for specifics individuals:

• Minors.
• Those deprived of reason and those interdicted by dissipation.
• Persons who are in a manifest state of drunkenness or under the influence of drugs.
• Those who carry weapons, except for the Carabineros and Investigaciones officers, by the respective legislation and regulations.
• Those who provoke disorder, disturb the normal development of the games or commit irregularities in their practice.
• Those required cannot prove their identity with the corresponding official identification document.

Supreme Decree No. 1722, which approves regulations for the processing and granting of permits for the operation of gaming casinos and repeals Supreme Decree No. 211 of the Ministry of Finance of 2005, specifies the following in Article 2:

“Authorities may authorize up to 24 gaming casinos to operate in the national territory, subject to compliance with legal and regulatory conditions and requirements. They may authorize one casino in each country's regions and distribute the rest nationwide. However, they may not allow installing more than three gaming casinos in the same region. Additionally, in the Metropolitan Region, the installation of gaming casinos may not be authorized under any circumstances.”

Online gambling has no relevant regulation in the country, although the government has been developing a bill to legalize online gambling. Despite this, Chilean players can make use of international online casinos.

The most popular casino games in Chile

Slots

Slots are the most popular games in Chile due to the variety of features and themes they offer. They are also easy to play, and good winnings can be obtained. Among the most played in Chile are: Star Dust, Bonanza, and Fruity Friends.

Poker

It is a must in any casino and one of the favorites of Chileans. There are several game modalities, the most popular in Chile being Texas Holdem, Omaha (high), and 5 Card Draw.

Blackjack

It shares the position of the most popular card game in casinos in Chile, along with poker. Many casinos offer a low-risk version for beginner players.

The most famous casino players in Chile

The most outstanding poker player in Chile is Nicolás Fierro. Commonly known in online poker rooms as PKaiser, he is a player recognized for his skill and experience. Since his first appearance, PKaiser has accumulated huge winnings, being one of the most recognized figures of the game in Latin America.

At the live betting tables, the Chilean player has faced elite players in renowned tournaments such as the World Series of Poker (WSOP) and the European Poker Tour (EPT) with winnings of around US$1.5 million.

In online poker, PKaiser has excelled in different tournaments where he has achieved winnings valued at 2.5 million dollars. Nicolás Fierro's best performance in live poker tournaments was second place in the 48th event of the World Series Of Poker (WSOP) with a winning of USD 111,724.

Future of online casinos in Chile

Chile's gambling industry has experienced significant growth in the last ten years thanks to its extensive regulations, but the future is even more promising.

The main change that is present is the future law legalizing online gambling in Chile. Although there is no ban on foreign online casinos, there is no regulation that endorses the operations of national online casinos. With the approval of the law, Chilean players will be able to enjoy reliable national online casino operators.

Likewise, significant development is expected due to technological advances such as artificial intelligence or virtual reality. In addition, the growth of the iGaming industry will allow Chilean users to enjoy a better and varied catalog of titles.