The gambling industry in Paraguay is flourishing. Almost all types of gambling activities such as bingo, casino, lotteries, and horse racing are legal and people can wager whenever they want. Additionally, Paraguay is one of the few countries in the world that allows betting on cockfighting, which is considered a blood sport.
Online gambling in Paraguay is not regulated; hence it falls under the law’s gray area. Paraguayan players are free to access any online casino that they choose. However, this might change in the future as the government has implied strict measures for online casinos that are based in the country. Recently, an illegal online gambling ring was shut down and the government is considering creating amendments for online gambling.
Now, this does not mean that online gambling will become illegal. The changes in the law are designed so that this industry can be regulated better. In doing so, both the government and the players will be able to reap all the benefits that come by making it legal.
Players will be able to access licensed sites, thus they will have online security and will register at trustworthy sites, while the government will collect millions of dollars in taxes from online casino operators. This activity is loved by many Paraguayans, so the profit that the budget will have is unquestioned.