The Online Gambling Scenario in Panama
Located in Central America, Panama attracts casino operators with favorable licensing policies. The Panama Gaming Control Board, officially called the Junta de Control de Juegos (JCJ), regulates all gambling activities within the country and also licenses international operators. Both land-based and online gambling are legal, with establishments like bingo halls and casinos complying with JCJ rules alongside internationally-licensed platforms.
Noteworthy Aspects of Online Gambling in Panama
Following the legalisation by the JCJ via Resolution No. 65 dated October 25, 2002, Panamanian gamblers have access to both locally licensed and offshore casinos for their gaming pursuits. A requirement for both land-based and online casinos in Panama is to acquire a license from the Gaming Control Board to offer services. Panama's online gambling sector boasted a market value of USD 1,585.21 million in 2023, with sports betting holding a leading market share.
- Given the popularity of sports betting in Panama, there are licensed casinos with sportsbooks providing legitimate betting opportunities for various domestic and global sports events.
- With Panama's territorial tax system only taxing domestically generated income, Gamblers face no taxation on winnings from offshore platforms. projected to reach USD 4,886.03 million by 2032 Advantages and Challenges of Playing at Panamanian Online Casinos
- Registering with Panamanian online casinos comes with numerous benefits, but being aware of potential drawbacks is equally important. Liberal regulations facilitate varied casino offerings. Lax enforcement can pose risks of unfair practice.
- Not all international online casinos accommodate players from Panama. earnings from tax-free casinos Our Approach to Evaluating and Ranking Panama's Best Online Casinos