Colombia gaming revenue continues its recovery in September

| By Daniel O'Boyle
Colombia’s gambling industry continued its recovery in September, as sales totalled COP$4.1tn (£795.3m/€934.8m/$1.09bn), up 116.0% year-on-year.

From this total, the government collected COP$49.32bn in gambling taxes, up 108.1% year-on-year.
Sales for the first nine months of this year now total COP$31.42tn, which is 131.2% more than in the same period of 2020. This figure was also up 23.9% from 2019. Land-based gaming brought in COP$19.8tn and online gaming COP$11.0tn, with the remainder from lotteries.
For the year to date, taxes collected total COP$499.53bn, up 96.9% from the first nine months of 2020.
“For us, this is a very important result that allows us to recognise and exalt the great work and effort that our industry is making the towards the reactivation of the economy of this country,” Coljuegos president Valencia Galiano said.
Land-based gaming has been the largest contributor to tax coffers for the year so far, bringing in COP$173.21bn, up 119.8%. Online gambling tax income, meanwhile, grew 133.3% to COP$128.13bn.

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