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Colombian Gambling Tax Efficiencies Support Coljuegos Market Strategy

Published

5 years ago

February 5, 2020

Niji Narayan

Reading Time: < 1 minute

Coljuegos, the national gambling regulator in Colombia, has revealed that the industry tax revenues totalled COL$ 680 million (€185,000) in 2019, with funds set to be distributed to Colombia’s national health services. The 2019 figure represents a 16% increase on the COL$574 million (€151,000) of gambling tax revenues collected during 2018.

A breakdown of figures saw “local” gambling halls and bingo establishments generate 57% (COL$ 382m) of 2019 industry income, as Coljuegos surpasses the COL$ 3 billion (€800,000) mark in funds generated for Colombian health services since its inception in 2012. Online gambling saw an 81% increase in tax revenues, generating COL$ 70 million representing 10% of total tax income.

Updating stakeholders, Coljuegos President Juan Perez Hidalgo underlined that Colombian gambling’s improved tax efficiency supported the regulator’s governance of the marketplace.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.