Paraguay Gambling Sites and Law
Paraguay referred to as the “Heart of South America”, is a landlocked South American country that is bordered by Argentina, Brazil, and Bolivia.
The country has experienced rapid economic growth over the past several decades that has been fueled by industry and manufacturing. About 31% of Paraguay’s workforce is employed in the mineral industry.
As in most other parts of the world, betting on sports is a popular pastime here and nearly any form of wagering in Paraguay is legal.
It is one of the few countries that allows blood sports such as cockfighting. Casino gambling has been legal since 1943 but there are only a small handful operating here.
There are several land-based bingo halls and sportsbooks, as well as a state-run national lottery.
Online betting in Paraguay, also like Bahamas online gambling, is not addressed in Paraguayan gambling laws but players are more or less free to partake in online betting activities at offshore sites without fear of prosecution.
However, online betting sites are severely punished for running such a business in this country, as it is seen as money laundering.
Top 10 Gambling Sites for Paraguay in 21 November 2024 – Updated List
What are the Best Gambling Sites and Promotions for Paraguay?
Paraguayan online casino players are faced with many great options when it comes to selecting online or mobile betting sites that offer their customers a wide range of gambling bonuses. For example, Interwetten, TitanBet or Intertops will greet you with up to $100 in casino bonuses, while at Betsafe there is $200 waiting for you to claim.
Paraguayan online casino fans can get their hands on €300 in welcome bonuses at 10Bet. Punters love the big bonuses that Play Grand Casino and Lucky Star are giving away.
Of course, these awesome betting bonuses aren’t limited to casino betting bonuses. Paraguayan bingo buffs, slot jockeys, horse racing bettors, and financials betting aficionados can all get bonuses.
If you are a Paraguayan online poker player then you can get into the game with a €200 welcome bonus from industry titan TonyBet will give your chip stack an instant boost with their €500 poker bonus packages and at TrioBet, Doxxbet, and Winner you can get at least €1,000 in poker bonuses.
These bonuses and many others, as well as bookmakers by country are found at Gamblingjudge.com. Simply go to the promotions section and pick out your easy to claim bonus today. Don’t forget to read a few casino reviews, such as Barbados gambling sites and law, while you are at it.
How Regulated is the Paraguayan Gambling Market?
With the exception of the lottery, which is a state-run monopoly, and internet gambling, the Paraguayan betting market is fully regulated and overseen by the National Commission on Gaming (CONAJZAR). Paraguayan gambling laws do not address internet betting yet but it can be expected that this will change in the not-so-distant future.
The authorities mete out harsh penalties to those who illegally operate Paraguay betting sites from inside Paraguay. Residents are essentially free to place bets with foreign sites without fear of repercussions.
Is Gambling Legal in Paraguay? What is the Legal Gambling Age?
Almost all forms of betting (including live betting and e-sports betting) are legal in Paraguay, just as it is in Morocco. Paraguayan betting laws even allow for cockfighting. There are brick-and-mortar casinos, sportsbooks, bingo halls, and other gaming establishments located throughout the country. The legal age to place a bet is 18.
Does Paraguay Tax Gambling Winnings?
In Paraguay, as in Uruguay, the state does not force gamblers to pay taxes on gambling winnings. The government receives revenues through various fees and taxes that are imposed on the operators.
What Currency and Payment Methods do Paraguayan Players Generally Use?
The official currency of Paraguay is the Guarani and it is accepted as one of the currencies of bookmakers throughout the country. Those who want to perform financial transactions with online gaming sites have a nice selection of options. Major credit cards are the most widely used method.
EWallets like Neteller and Skrill are also accepted at most gaming sites, as are debit and prepaid cards such as EntroPay. Players should refer to their preferred betting sites by payment methods to find out what options are available.