Peru Sports Betting

Peru-Sports-Betting

Peru Sports Betting
Status: Legal & Licensed
B&M Availability: Lawful
Online Availability: Legal & Licensed
Minimum Age: 18+
Restrictions: None

In Peru, sports betting is a popular pastime. Sports bettors have had access to land-based sportsbooks for generations, though gambling on sporting events became legal online in the past 25 years. Betting on horse races goes back more than two centuries, though online sports betting has been legal for less than 10 years.

In this guide to Peruvian sports betting, I’ll discuss the legality of sportsbooks and racebooks throughout Peru. I’ll discuss some of the more popular land-based casinos and racetracks while providing a history of the evolving gaming laws of Peru. Later, I’ll focus on the regulated and unregulated online sports betting industries of Peru, while making some recommendations on which sportsbooks you should consider.

Peru Sports Betting Legality

Peru has 65 brick-and-mortar casinos spread throughout 27 cities. Lima, Lince, Miraflores, San Borja, San Isidro, San Miguel, and Surco each have four or more land-based casinos. Peru has one pari-mutuel horse track, as well: Hipodromo de Monterrico in Lima. It is open on Monday, Thursday, Friday and Saturday afternoons and has a comprehensive sportsbook. Peru has over 800 slots parlors, which contain as many as 70,000 slot machines. Bingo, lotto games, horse races, sports betting, and Internet gambling are popular.

Online gambling is legal in Peru. Late in the 20th Century, lawmakers sought to ban online gambling, but eventually, public consensus grew behind legalization and regulation. The Congress of the Republic of Peru (Congreso de la Republica) passed an online gambling legalization bill in 2008 (Law #27153). Betsson, the UK sportsbook owned by Sweden’s Cherry (NetEnt), was one of the first sportsbooks licensed in Peru. In 2011, the gambling regulations were altered a second time (Law #27796). Since 2011, all online gaming transactions are monitored by the Peruvian government’s computer network.

Safety of Online Sports Betting in Peru

excellent-bettingSince Law #27153 was passed in 2008, online sports betting operators have been able to apply for a gaming license. This means that top international bookmaker sites accept Peruvian sports bettors. It also means the Peruvian Gaming Council (Mincetur) regulates and licenses operators in the country. Thus, online sports betting is quite safe in Peru.

Despite having a licensing framework, Peru’s law enforcement and telecommunications regulators spend no time trying to block unregulated online sportsbooks. That means players will encounter unlicensed online sportsbooks in the Peruvian gaming market. Make certain these sportsbooks are licensed by legitimate international regulators if you choose to play at these sites.

Catering to Peruvian Sports Bettors

Peruvian sports bettors require Spanish language sportsbooks that have customer representatives who speak the Spanish language fluently. Many sports gamblers from Peru prefer their chosen bookmaker site to support deposits and withdrawals which use the Peruvian Sol as a currency. This eliminates many of the respectable, trusted online sportsbooks, so it is best if players are flexible.

US dollars remain a popular currency choice for many online Peruvian sports bettors. Besides football (soccer), a wide variety of sports are popular in Peru. The list includes volleyball, basketball, tennis, surfing, horse racing, Rugby Union, Rugby League, and Taekwondo. South American and European football remains the most popular sports bet in Peru.

Online Sports Betting in Peru

A breakdown of what it’s like to bet online sports in Peru

Top Peruvian Sports to Bet On

  • socceer-betting
  • Rubgy-betting
  • American Football betting
  • basketball betting
  • baseball betting

Currencies

  • Peruvian Sol
  • US dollar

Languages

  • Spanish Betting

These options may not be available at all sportsbooks but represent typical experiences.

Best Peruvian Betting Sites

While many fine online sportsbooks accept Peruvians, some gambling sites are better than others. Because of the variety, bettors should find the sites with the complete package. That means a full range of football bets, but also dozens of other sports markets. It also means sites which support live/in-play betting on mobile smartphones and iPhones. The best Peruvian betting sites need to be trusted in the gaming community while offering fast and reliable withdrawals. The two sites we recommend below have all the traits of a good Peruvian betting site.

Top Ranked Peruvian Betting Site – Sportsbetting.ag

  • Accepts all major credit cards
  • Accepts Litecoin, Bitcoin other cryptos
  • Large assortment of sports betting markets
  • Competitive odds for betting on many sports
  • European football specific bonuses offered for the Cup

Why Is Sportsbook.ag The Best?

The SportsBetting.ag betting site offers most of the biggest sports, including Football, Baseball, Basketball, and Hockey (read review). They also have other international sports like soccer, rugby, and cricket. For the avid bettor, you can use their Live Betting to place bets in real-time. Pick from among dozens of different wagers you can place on a single match-up, along with great prop bets.

SportsBetting.ag offers new members plenty of bonuses, like their 50% up to $1,000 in Free Bets using the code “SB1000“. For those that use Bitcoin, can take advantage of their $20 up to $500 Bitcoin bonus using the promo code “BETCRYPTO“. Take advantage of their bonuses, live betting, and incredible sports betting odds with a sign-up bonus of 50% Up To $1,000. Check out Sportsbetting.ag to place bets and win!

Great for Betting on International Sports — 888 Sport

  • One of the most trusted betting sites in history.
  • Lots of promotions and bonuses throughout the year..
  • Some of the best betting software online.
  • Massive wagering limits.

Why bet at 888 Sports?

888 Sport is licensed by the UK Gambling Commission and the Gibraltar Gaming Authority, the two most respected gaming regulators in the world (read review). 888sports’ number of sports markets is massive, with a comprehensive list of global sports betting market.

888 Sport not only offers betting lines on most sporting events that happen in a day, but the site also provides real-time viewing of those events as they happen with great bonuses such as Bet €10 To Get €30. For the Peruvian sports bettor who wants to gamble on the wider world of sport, 888sports is the best online sportsbooks you’ll find. Check out 888 Sport to place bets and win!

Peru Deposits and Withdrawals

Peru’s deposits and withdrawals are based on the Sol, most of the international online sportsbooks still do no support deposits and withdrawals using the Peruvian Sol (PEN). The best answer for most Peruvian sports bettors is to use the legitimate online bookmaker sites which are licensed by the UK Gambling Commission, Gibraltar Gaming Authority, or Malta Gaming Authority.

American dollars are available for all of these online and mobile sportsbooks, which accept a wide variety of payment. At the moment, one US dollar ($1.00) equates to about 3.25 Peruvian Sol, so keep that in mind when making sports bets, deposits, and withdrawals. Those converting the other way might say that 1 Peruvian Sol equals $0.31 American dollars.

Peruvian Deposit Options You Can Use

Credit Card: Visa and MasterCard credit cards are a free, instantaneous way to deposit money in an online casino. Deposit limits range between $10 and $30,000.
Debit Card: Visa Debit, Visa Electron, and Maestro Debit are free and instant deposit methods, too. The same limits apply to Visa and MasterCard debit payments: $10 minimum and $30,000 maximum.
Skrill: The Skrill eWallet services payments at thousands of online gambling sites. Skrill deposits range between $10 and $38,000. Funding an account with Skrill is free and instantaneous.
Skrill 1-Tap: Skrill One-Tap is a better way to make deposits using an Android smartphone or iPhone. Free deposits range between a $10 min and $13,000 max transaction.
Neteller: The Neteller eWallet is similar to Skrill. It is a free and instantaneous way to deposit between $20 and $50,000, making Neteller a favorite of high rollers.
PaySafeCard: PaySafeCard, once known as Ukash, is a free and instant way to make deposits between $10 and $1000. Though this service has lower payments, it has 100,000 kiosks across Europe and is a favorite of online merchants.
Astropay: The Astropay virtual prepaid card is a popular method of payment for low rollers. Astropay has free deposits with a minimum limit of $5 and a maximum limit of $10,000.
Bank Wire: Bank transfers are an accepted form of payment at almost any online sportsbook. Bank wires send money directly from your financial institution to the bookmaker site. While bank transfers are free, they take 2 to 10 business days to arrive. High stakes gamblers love these payments, which range between $50 and $100,000.
Check/Cheque: Bank checks or cheques are a free way to send a lot of money to an Internet sportsbook. The minimum deposit is $1500, while the max deposit is $80,000. Cheques take between 5 to 28 business days to arrive at a bookmaker.

Peruvian Withdrawal Options You Can Use

Credit Card: Visa and MasterCard credit cards are a free withdrawal method with cashout limits between $10 and $30,000. Credit card withdrawals take 1 to 5 business days to arrive in your account.
Debit Card: Visa Debit, Visa Electron, and Maestro Debit can be used for free withdrawals. These payments have a $10 minimum and $30,000 maximum, but take 1 to 5 business days to reach your account.
Skrill: Skrill withdrawals have a range between a minimum $10 and a maximum $38,000. Funding an account with Skrill is free, but requires 24 hours to process the payment.
Neteller: The Neteller eWallet offers free withdrawals, but you’ll need to wait 12 hours before the payment arrives in your account. The minimum withdrawal is $20, while the max withdrawals is $50,000.
Entropay: Entropay supports free withdrawals, though the payment takes up to 24 hours to reach your account. Entropay’s withdrawal limits are $25 and $30,000.
Bank Wire: EBank wire is another popular way to transfer cash from your casino account to your bank. Bank wires take 2 to 10 business days to arrive in your bank. The withdrawal limits range between $40 and $50,000.
Check/Cheque: Bank cheques can be used to withdraw casino winnings. The minimum withdrawal is $1500, while the maximum withdrawal amount is $80,000.

Peru Gambling History

Like most South American countries, Peru’s gambling activities were banned throughout most of the Spanish colonial period. Since independence from Spain in 1821, Peru’s gambling industry has increased in spurts and starts, because of the varied types of governments which have ruled. Ironically, Peru’s permissive gambling laws are the result of a despot, Alberto Fujimori (1990-2000), who legalized slot machine, lottery gaming, and bingo in 1994. Gambling was popular by the turn of the 21st Century.

An elected democratic government showed that nearly 65,000 slot machines were operational in the country, though only 5% were licensed by the government. Only 57 slots parlors were registered, while an estimated 900 slots dens existed in Peru. President Alejandro Toledo declared that Peruvian gaming operators would have a window of opportunity to declare their gaming operations and receive licensing. Meanwhile, gaming raids throughout 2006 produced hundreds of illegal gambling machines.

In late 2006, the “Reordering and Formalization of Casino and Slot Machines Law” was issued, calling for all gaming machines to be registered with the Department of Foreign Trade and Tourism (MINCETUR). This law went into effect on the first day of 2007. Today, land-based gambling in Peru contributes significant tax revenue to various programs, including state, local, and national government funds, organized sports, and the Foreign Trade and Tourism Bureau.

Online sportsbooks were legalized in 2008, with Betsson being one of the first international bookmaker sites. Inkabet.pe, owned by Off Side Gaming, became the first domestic online sportsbook operator in 2012. Manuel San Roman Benavente, the Peruvian Gaming Control Board’s Director General, in 2015 called for the total legalization of online gambling, including Internet casinos. This has not yet occurred but indicates the current thinking among Peru’s officials.

Peru Gambling Regulators

Peruvian gambling is regulated mainly by Intralot Peru, which is also a top lottery games provider. Peru’s gambling regulations were enshrined in a 2008 gaming bill, Law #27153, which legalized online gambling. Despite Law 27153, unregulated gambling sites continue to accept Peruvian players. Law 27796 of 2011 increased the Peruvian government’s ability to monitor online gambling. Though many unregulated online casinos, sportsbooks, and poker sites operate in Peru, Intralot Peru has no limitation on the number of licenses it can authorize in a year’s time.

Website Information
Peruvian Gaming Control Board The Peruvian Gaming Control Board usually is referred to as “Mincetur”. It governs online sportsbook licensing. Mincetur’s director called for the legalization of all Peruvian online gambling in 2015.
Ministry of Foreign Trade and Tourism All sites offering online slot machines must coordinate with el Ministerio de Comercia Exterior y Turismo. Readers might find online gambling statistics on the Tourism Ministry’s website.
Intralot Peru Intralot Peru, which is the leading lottery corporation in Peru, offers registration and licensing for sports betting and lottery games. Sports bettors can do background research on Peruvian gaming law on the Intralot Peru website.
Peruvian Tax Bureau Online slot machine operators also must coordinate with the Peruvian Tax Bureau, so that the Tax Bureau, a part of the Ministry of Economy and Finance, has some oversight of online gambling in Peru.