Colombia — Following the Covid downturn, Colombian gambling has made a tremendous comeback.For the first quarter of 2022, “Juegos Localizados” claimed sales of COP$8.7 billion, while online gambling reported sales of COP$5.4 billion. In the first quarter of 2022, the Super Astro lottery game had total sales of COP$152,973 million, while Baloto Revancha had sales of COP$52,657 million. Transfers to the health service from gambling were COP$266,990 million, a new high for the first quarter, representing a 242 percent rise over the same time the previous year and 4% more than the planned amount.

Colombia

César Augusto Valencia Galiano, President of the Colombian Gaming Control Board (Coljuegos), revealed that the board received record earnings in gambling licensing fees in the first quarter of 2022.

He claimed that as of March, the government had received roughly COP$170,062 million, up 17% from the same period the previous year. “Juegos Localizados,” which include bingo halls, slot parlors, and casinos, contributed COP$71,525 million, online gambling COP$50,045 million, the Baloto Revancha lottery COP$17,703 million, and the Super Astro lottery COP$29,707 million to the total.

Sales of games like lotteries, chance, and Raspa y Listo (instants) totaled $794,790 million in the first quarter of 2022, up 22.6 percent from the same period the previous year. Raspa y Listo first hit the market in November 2021, and sales have surpassed expectations by up to 193 percent.

Coljuegos will continue to allow for the development of the gaming business while also cracking down on illegal gambling through collaborations with local governments, according to Valencia Galiano.

He emphasized the industry’s importance and the revenue it generates for the Colombian Health Service, saying: “We extend an invitation to all Colombians to opt for games of luck and chance as a legal and responsible entertainment activity, choosing any of the establishments and Internet portals authorized by Coljuegos, because each resource generated from this industry contributes to the financing the health of Colombians.”

Illegal gambling is one of the industry’s most serious problems. Valencia Galiano informed the press in April that illegal gambling accounted for 30% of all gambling in Colombia. Valencia Galiano made the statement as he signed a deal with the Quindo Department for the Legality of the Gambling Sector, a tactic that Coljuegos hopes to use to combat illegal gambling. Since 2017, Coljuegos has struck a number of similar agreements with local governments.

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Nassima Azmzm

Nassima Azmzm

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