Most Popular Bookies in Peru

This page lists all the best betting sites in Peru. The reliable sites offer punters a remarkable betting experience. In addition, it offers insights into the history and legality of sports betting in Peru and the banking options.

Sports betting is one of the most popular forms of gambling in Peru; a country ranked as the 7th largest gambling market in Latin America. Peruvians don't only follow sports; they are also into wagering on their favorite teams and players. In 2017, for example, Peru bettors wagered over $346 million on sports.

Most Popular Bookies in Peru
Betting on sports in Peru

Betting on sports in Peru

Sports have a special place in the hearts of Peruvians, with soccer and volleyball at the forefront. Peruvians also treasure blood sports and have been betting on them since time immemorial, though casually. With the coming of sports betting sites, it was obvious that sports betting would become a thing.

Another reason for the popularity of sports betting is the fantastic betting bonuses that operators offer players. There are no deposit bonuses such as free bets and cashback alongside deposit bonuses such as welcome deposit and reload bonuses. These incentives are the key drivers of betting in Peru.

Sports betting is big business in Peru now that Peruvians have an insatiable appetite for betting. The industry has continued to flourish and earns the government some good revenue in the form of taxes. In this segment, find out about the evolution of the Peruvian betting industry.

Betting on sports in Peru
History of betting in Peru

History of betting in Peru

The origins of betting in Peru can be assumed to be when blood sports cropped up, that is, hundreds of years ago. The country has a rich history of cock fighting and bullfighting. At these blood sports events, spectators used to bet on which cock or bull would win. Even though this was casual betting, it forms the backbone of modern betting in the country.

From the start of the 20th C, several sports had become popular in the country, for example, soccer, volleyball, basketball, and so on. Bloodsports were also popular. It's safe to assume that there were some casual bettors during this era, though not many.

The paradigm shift was from the 1970s when it became apparent that betting was part and parcel of the culture of Peruvian sports enthusiasts. That's why the government started being keen on regulating the gambling industry. The Peruvian government started to regulate gambling in 1979, and that is enough evidence that gambling had taken root among the population. There were both fans of casino games and sports betting.

History of betting in Peru
Betting nowadays in Peru

Betting nowadays in Peru

Today, the Peruvian gambling industry is booming, with betting having the largest market share. While in the '90s, the industry was growing at a slow pace, things have changed now. More and more Peruvians are joining betting. Several dynamics are shaping the current Peru sports betting industry.

First is the online gambling revolution. While bettors had to rely on betting shops to place bets in the past, online betting has changed the game. There are plenty of online betting sites that allow players to bet from the comfort of their homes. These betting sites can be easily accessed from any basic smartphone device as long as the player has a reliable internet connection.

And it doesn't end at betting online; Peruvian bettors can enjoy a smooth betting experience on mobile. There are plenty of Peru mobile betting sites optimized for seamless mobile betting while on the go.

Another dynamic is the development of online and mobile payment methods. The country might not have the best online payments industry, but there are sufficient money transfer services to enable players to make deposits and withdrawals swiftly.

Technological developments have also exposed Peruvians to a wide range of sports, from the UEFA Champions League Finals to the Abu Dhabi Grand Prix. Today, many households have TVs and satellites, while a vast population have access to smartphones and the internet. These technologies open a whole new world of sports to Peruvians who were in the past confined to the local sports and maybe a handful of the prestigious sports events.

Betting nowadays in Peru
Future of betting in Peru

Future of betting in Peru

As it stands, the Peru betting industry is on the right trajectory, and its future looks bright. There are two dynamics that are going to shape the future of the industry.

First is the online gambling revolution. Today, most of the betting and gambling activity, in general, is online. Even though there are plenty of land-based casinos and betting shops, many players opt for online betting because of the convenience.

Another aspect that will shape the future of sports betting is internet penetration. Since the early 2000s, internet penetration has been on an exponential rise. As of 2020. Peru's internet penetration stood at 65.3%, and it's obvious that two years later, the figure has gone up.

Future of betting in Peru
Betting acts in Peru

Betting acts in Peru

Over the years, the gambling laws in Peru have changed. Below are some of the main Acts that have shaped the country's betting landscape.

Decree-Law No. 22515 (1979)

This Act forms the basis of Peru's gambling laws. It came to effect to legalize gambling in the country formally. The 1979 Decree-Law No. 22515 identifies the legal forms of gambling. These are casino games, lotteries, bingo, slot machines, and sports betting. For the record, the gambling options that this Act legalizes are those within the land-based gambling establishments, for example, brick & mortar casinos and betting shops. The law does not recognize online gambling.

Other Acts that have been introduced include Legislative Decree No. 608 (1990), Legislative Decree No. 698 (1991), Decree-Law No. 25836 (1992), Law No. 27153 Amended by Law No. 27796 (1999), Law No. 28945 (1996), and Law No. 29829 and 29907 (2012). It's worthy to note that none of these laws have banned or touched on online betting.

Government's plan to regulate online gambling

Currently, no concrete laws govern online betting. This is why players are free to bet on any offshore betting site. From the recent trends, many players are opting for local or offshore sites with foreign permits because they have plenty of betting options and fantastic betting bonuses.

But then, they are a menace to the government, which legalized gambling with the hope of getting revenue in the form of taxes. For the record, these local and offshore betting sites don't remit taxes.

Now that most players are playing on these sites that don't pay taxes, the government is keen on fully controlling online betting, so a new Act is definitely in the pipeline.

Betting acts in Peru
Peru players' favorite games

Peru players' favorite games

Just like in the rest of the world, players from Peru bet mostly on soccer. Some bet on the local soccer league, but then most of them wager on the top flight soccer leagues, for example, the English Premier League, Italian Serie A, German Bundesliga, French Ligue 1, Eredivisie, Spanish La Liga, and Chinese Super League among others. International soccer competitions, for example, the Confederations Cup, World Cup Qualifiers, and the World Cup are also favorites.

Besides soccer, there are many fans of volleyball in Peru. They bet on the top volleyball competitions in Peru and across the world. Besides soccer and volleyball, Peru bettors wager on basketball, rugby, cricket, boxing, MMA, Formula 1, darts, tennis, baseball, American football, and aquatic sports.

Punters from Peru also like to wager on virtual sports. For starters, these are computer-generated games, unlike live matches. Some popular virtual sports among bettors in Peru include virtual soccer, virtual motorsports, virtual basketball, horseracing, and greyhounds.

Besides virtual sports, Peru has a set of players who are into eSports betting. Here, they bet on the likes of Dota 2, Valorant, FIFA, NBA2K, League of Legends, and Overwatch, just to mention a few.

Peru players' favorite games
Payment methods in Peru

Payment methods in Peru

While there are some no deposit betting sites in Peru that offer players free bets, most sites are real money betting sites. That said, punters must first deposit money into their accounts before placing their bets at real money bookies. So, what are the available currencies and deposit and withdrawal methods? That's what this segment covers.

Currencies

Peru betting sites allow players to gamble, using both fiat currencies and crypto. Regarding the fiat currencies, the Peruvian sol is the favorite as players are more acquainted with it. Besides the sol, the offshore sites allow players to bet using the US dollar, Canadian dollar, British pound, euro, Australian dollar, Russian ruble, and Japanese yen, among other popular international currencies. As for crypto, there are bitcoin betting sites as well as ethereum, bitcoin cash, litecoin, and dogecoin bookies.

Deposit and withdrawal methods

Punters in Peru can use popular credit cards such as Mastercard, American Express, and Visa to deposit and withdraw money. Other options include PagoEfectivo, PayPal, Paysafecard, ecoPayz, and Skrill, just to mention a few. The deposit and turnaround time varies depending on the betting site and the payment method used, but players can expect instant deposits.

When it comes to security, most licensed betting sites are secure. However, some sites, especially unlicensed ones, may pose a risk.

Payment methods in Peru
FAQs

FAQs

Is sports betting legal in Peru?

Yes. Sports betting in physical betting shops is legal by law. However, there are no concrete laws for online betting, but the government has licensed some betting services providers under special licenses.

Do Peru betting sites have bonuses?

Yes. To keep up with the stiff competition, betting sites in Peru have plenty of bonuses, including welcome and reload bonuses, among others.

Do punters pay taxes on winnings?

No. Players are not taxed anything on the amount they win. However, the betting operators are taxed.

Who controls betting in Peru?

All gambling in Peru is controlled by La Dirección General de Juegos de Casino y Máquinas Tragamonedas (DGJCMT), which is under the Ministry of Foreign Trade and Tourism (Mincetur).

Which are the best betting sites in Peru?

The best Peruvian betting sites have valid licenses and a wide variety of sports and betting markets. Players should also hunt for sites with the highest odds and lucrative betting bonuses.

FAQs