Colombian gaming regulator Coljuegos, in its 2018 report, detailed a rise of 9.8 percent in online licensing and exploitation rights reaching over $37 billion (approx. US$ 12 million). Total gaming licensing and exploitation rights amounted to COP 574 billion (approx. US$185 million), up 10 percent. These funds go towards financing the country’s health sector.
16 online licensees are currently active in the market with a total of 1.5 million active, and 1.9 million registered players recorded at year end which predictably peaked in June 2018 during the Russian Football World Cup.
The rate of return was 89 percent with $ 1.6 billion in prizes awarded and wagers totalling over $1.8 trillion, ColJuegos revealed.
“This outstanding performance of online games is due to the articulated work between Coljuegos and the online gaming industry,” Juan B. Pérez Hidalgo, president of ColJuegos, said.
“Although Colombia was the first country in the Americas to regulate these games, innovation in the different platforms does not slow down and is consolidated as an important entertainment alternative for Colombians, which is also making an important contribution to financing the health of Colombians.”
ColJuegos called on Colombians to play with licensed operators as illegal gambling continues to be one of the biggest challenges the industry faces. Working with the Ministry of ICT and the Cybernet Centre of the National Police, 2,642 websites were identified and blocked during 2018.