Illegal iGaming in Chile cost the budget an estimated $92 million in 2025

The regulated market, by comparison, brought in 787.3 billion pesos in GGR (about $840 million), of which the treasury collected 148.7 billion pesos (roughly $159 million) in gambling taxes.

Apply that same 20 percent rate to the offshore segment and Chile is missing out on close to 86.3 billion pesos — nearly $92 million that simply never reaches the budget. Put another way, close to a third of the country’s gambling market operates in a parallel, untaxed reality.

The deeper issue here isn’t the missing revenue — it’s that Chile’s gambling laws were written for a version of the industry that no longer exists. When the rules were drafted, a casino meant a building with an address: a racetrack, a lottery counter, a hall with tables you could walk into.

Online operators don’t work that way. A server can sit in one country, a license in another, and a player logs in from a phone in Santiago, with no single piece of Chilean law cleanly covering that transaction.

CEP points out that the gap doesn’t just cost tax revenue — it weakens oversight of the industry, leaves consumer protection thinner than it should be, and pushes issues like money laundering and sports betting integrity further out of regulators’ reach.