Panama: USD5 31,1 M bet between January and November 2020
Tuesday 12 de January 2021 / 08:13
2 minutos de lectura
(Panama).- Last October 12th, casinos and sportsbooks have been given green light to open their doors after being closed for 8 months, due to Covid-19 pandemic. Between October and November, those gambling venues reported bets for US$ 143.9 million, leaded by Type-A slot machines, which received US$ 129.8 million.
If compared with October and November 2019, when sportsbooks exceeded US$ 355 million, in the two months of crisis there was a reduction of US$211 million.
Before the pandemics, bets on games of chance totaled US$ 331.1 million, a number tgat does not include sales of chance and tickets of the National Lottery of Charity. In total, the Office of the Comptroller General of the Republic reports that between last January and November $ 531 million were wagered, which represents a decrease of 72% compared to the 2019 data.
In total, $ 2,116 million were wagered in 2019, a drop of 4.2%, figures similar to those reported in 2018.
Since 2015, betting on games of chance has gone downhill, after a 5.5% tax was created, intended to finance the salary increase of retirees.
With this tax, which must be paid by players, regardless of whether they won or lost, a collection of $ 53 million a year is generated.
As a result of this fall, more than 6 thousand people who worked in this sector lost their jobs due to the cut implemented in the number of enabled betting tables.
During the closure decreed this year by the health authorities, players opted for betting on sporting events that took place outside the country. In addition, the bets at the Presidente Remón Racetrack were developed online.
Between last April and November, more than $ 17 million in bets related to sporting events were received.
According to the Comptroller, after the payment of prizes resulting from the bets, the gambling operators reported gross income of $ 104.7 million between January and November, a reduction of 70% compared to the numbers of the previous year.
Categoría:Gaming
Tags: Sin tags
País: Panama
Event
SBC Summit Americas 2025
13 de May 2025
SBC Summit Americas 2025: Everything about the panel "The Role of Laboratories and Certifications in the Latam Industry"
(Fort Lauderdale, SoloAzar Exclusive).- As part of SBC Summit Americas 2025, held from May 13 to 15 in Florida, the panel "The Role of Laboratories and Certifications in the Latam Industry" focused on the importance of technical standards and certification in the industry. Here are some of the highlights.
Wednesday 28 May 2025 / 12:00
21VIRAL at SBC Summit Americas 2025: Strengthening Partnerships & Embracing Innovation in LATAM Gaming
(Fort Lauderdale, SoloAzar Exclusive).- Mr Christoph Härtel, CEO of 21VIRAL, commented why SBC Summit Americas is a crucial event for the gaming industry. Among other issues, he said that insight on regulatory changes will shape how 21VIRAL approaches its market strategy. Read more in this unmissable Q&A session!
Tuesday 27 May 2025 / 12:00
The Live Gaming Revolution: AI and Real-Time Betting at SBC Summit America 2025
(Fort Lauderdale, SoloAzar Exclusive) – “The Rise of Real-Time Gaming: The Future of Live Betting” was one of the keynote presentations held within the recent SBC Summit America 2025. In this article, we share the highlights of the innovations that are redefining the betting experience and their impact on the future of the industry.
Tuesday 27 May 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.