Peru has reported the successful implementation of its new online gambling framework, hailing tax compliance and successful enforcement against black market websites.
In February 2024, Peru enacted the Law Regulating Remote Gaming and Remote Sports Betting following a two-year consultation period. In doing so, the law sought to establish a comprehensive legal framework for online gambling and sports betting.
Central to the implementation of said legislation has been MINCETUR, the Ministry of Foreign Trade and Tourism, which was assigned the responsibility to oversee the changes.
So far, MINCETUR has authorised 60 technology platforms and registered 280 service providers, both domestic and international. Nationwide, the number of gaming and betting venues has also risen to 4,516.
Under the new law, Peru’s tax revenues have grown significantly as operators are subjected to a 12% tax on monthly net income, calculated after platform maintenance costs.
In addition, Peruvian residents must also pay a 1% consumption tax on every bet placed, however, the rate has been temporarily reduced to 0.3% until 1 July 2025 to ease the transition to the new framework.
Alongside the successful tax compliance among operators and players, the new legislation has also toughened punishments against the black market.
Operators functioning without authorisation can be hit with a maximum fine of 990,000 soles (approximately £207,000), alongside potential prison sentences of up to four years.
MINCETUR also has the authority to block unauthorised websites and disrupt payment services linked to illegal operators. Its enforcement division has removed 15% of illegal gambling websites while reducing the presence of unlicensed digital platforms by 40%.
In bringing in this new legislation, Peru has positioned itself as a strong contender in the emerging Latin American market, becoming the third jurisdiction in the region to introduce a dedicated online gambling regime.
As such, neighbouring countries are using Peru’s structured and transparent approach as a blueprint for boosting their own digital economies.
Peru’s continued development of digital economy policies uses the successful implementation of its gambling reform as a guiding model for emerging markets seeking to balance regulatory control with innovation and public benefit.
