International edition
June 12, 2021

According to Coljuegos’s president

Colombia: online gambling sales exceed USD 380 M

 Colombia: online gambling sales exceed USD 380 M
Juan B. Pérez Hidalgo at the forum held within Gaming Market Colombia. “These results are important and show us the promising future of this industry.”
Colombia | 10/29/2018

Juan B. Pérez Hidalgo informed at the opening speech of the Forum “Games of chance: an innovative industry” that sales between June 2017 and September 2018 amounted to USD 384 million, which represent an unprecedented growth of 49% within the last three years. The players’ return rate reached 87,6% in September and there are 1,525,082 users registered in online gambling websites.

J

uan B. Pérez Hidalgo informed at the opening speech of the Forum “Games of chance: an innovative industry” that sales between June 2017 and September 2018 amounted to USD 384 million, which represent an unprecedented growth of 49% within the last three years. The players’ return rate reached 87,6% in September and there are 1,525,082 users registered in online gambling websites.

President of Coljuegos, Juan B. Pérez Hidalgo highlighted that after over two years of licensed online gambling in Colombia, and 15 months after the first operator entered the market, this gambling modality reached USD 384 M in sales, between June 2017 and September 2018.

According to the head of the regulatory entity, this growth is evidenced by an increase in the average monthly revenue, which went from $893.693.340 in 2017 to an average of $2.552.493.855 (USD 816.798) between January and September of 2018.

“Thanks to the joint efforts of Coljuegos and the gambling industry’s businesses, Colombia became the first country to regulate online gaming in Latin America. The efforts to control illegal operators and increase revenue have also shown great results. We already have 16 operators and websites licensed to offer wagers on real sporting events," Perez Hidalgo assured. The money is used to finance the country’s health care system.

Pérez Hidalgo also pointed out that this gambling modality has one of the major return rates, which for Colombia represent 83% of the sales. According to a report on prized awarded, it amounted to 87,56% in September 2018.

Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.