Best Sports Betting Sites in Peru
To say sports betting is popular in Peru is an understatement. In 2017 alone, over $346 million was wagered on sports in Peru. In a nation of over 30 million people, Peruvians are passionate about sports and many wager regularly at live and online sportsbooks.
While there are a couple of sportsbooks that hold licenses from Peru, the sports betting industry is presently unregulated. That may change soon as lawmakers are looking to increase tax revenues.
Learn more about the present laws surrounding sports betting in Peru, the potential upcoming changes, which sports are popular to bet in Peru and how you can make a deposit on a Peruvian sportsbook.
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Peru Betting Sites
Only a handful of online sportsbooks are presently licensed in Peru with Sportsbook being the first to be licensed back in 2008. Since then, a few other sportsbooks have been authorized, but the majority of those serving Peru are unregulated.
As such, it is recommended that you stick with sportsbooks that have been licensed by a major online regulator like the U.K. Gambling Commission. Sportsbooks that are authorized by prominent regulators have gone through the same types of security checks as live casinos, meaning you’ll enjoy fair gaming and your funds will remain safe.
Peru sportsbooks allow you to make wagers on sports from around the world and take advantage of a wide variety of odds. Standard odds such as fractional odds are available as well as more exotic styles of oddsmaking such as Hong Kong and Malay odds.
You’ll also have plenty of betting options. Whether you want to make straight bets, moneyline bets or bet the point spread, you can do so. If you prefer teasers and parlays, there’s plenty of action on those as well. Some sites even allow you to bet on games while they’re being played, known as “live betting.” If you have a particular preference for betting, you’ll find it on at least one or more offshore sportsbooks.
When you’re ready to make your first deposit, take advantage of any available welcome bonuses or deposit bonuses available. These will help you stretch your deposit dollars and keep you betting longer. Check out the promotions section of the sportsbook for more information.
Is Sports Betting Legal in Peru?
Sports betting, in general, is legal in Peru in its land-based casinos. The live casino industry generated over $92 million in taxes in 2016 alone for the Peruvian government.
Concerning online sports betting, it is not regulated, but it is also not illegal. Sportsbook and a handful of other online operators hold gambling licenses in Peru, but most online sportsbooks do not. Numerous sportsbooks around the world take bets from Peruvians.
However, that law is likely to change soon. Peruvian regulators are presently working Peru’s Congress to try to pass a bill that will regulate online sports betting and casino games.
Should this bill pass, only operators that are licensed and have a physical presence in Peru will legally be able to offer services to Peruvians. All that means is that a sportsbook wanting to serve Peru will have to open up a small casino to continue providing services.
What are Popular Sports to Bet on In Peru?
Football is the most popular sport in Peru and this year, and there will be increased action during the FIFA World Cup as Peru qualified for the first time since 1982. In addition to the World Cup, there’s typically heavy betting on the Copa America tournament and international leagues such as La Liga and the English Premier League.
In addition to football, there’s also plenty of bets placed on basketball, volleyball, tennis, horse racing, rugby and various combat sports such as boxing, taekwondo and MMA. American sports leagues such as the NFL, NBA, NHL and MLB are also very popular.
Do Bettors Have to Pay Taxes on their Winnings?
Presently, bettors do not have to pay taxes on gambling winnings in Peru. Casinos must pay a tax of 12 percent of monthly gross profits for general gambling and 10 percent of the value of any lottery prizes.
This rate may go up under any new regulatory structure as online sportsbooks would have to pay casino taxes ranging from 15 to 20 percent on top of the current rate.
How to Make a Deposit At a Sportsbook in Peru
Since no laws are banning online sportsbooks in Peru, it is remarkably easy to fund your online sports betting account. For many, credit cards are the most straightforward option with most sportsbooks accepting Visa, MasterCard and debit cards such as Visa Electron.
Many players prefer to use an e-wallet to make deposits as most sportsbooks generally accept them. Neteller, Skrill, PayPal and ecoPayz are the most common e-wallets used.
The paysafecard is another option for those who prefer not to use a credit card or e-wallet. Just go to a retailer and load your card to make your deposit.
Direct bank transfers through Trustly or directly from your bank are also available. Bank wires, drafts and eChecks are generally all accepted. Note that you may have to wait up to 48 hours for bank deposits to credit to your account.
Mobile Betting Options
If you like to bet sports while on the go, online sportsbooks have you covered. Most offer some form of mobile betting option with most allowing you to bet directly from your mobile browser. Sportsbooks that are mobile-optimized only require that you have a current web browser on your mobile device to access their content.
Google Chrome and Safari are your best options for mobile betting as they are compatible with all forms of mobile devices and platforms. You’ll enjoy the same functionality as you would at home on your PC or laptop.
Note that some sites still use mobile apps for betting and while they are a reliable option, they may have limited functionality compared to the web version. Generally, we only recommend using mobile apps for sports betting if there are no other web-based options available.
Also, don’t forget to check out the mobile promotions section of the website for special offers exclusive for mobile players. These can include special deposit offers and free bets.