Chilean casinos see Q1 GGR of US$150 million, delivering $48.3 million in tax payments

Chilean casinos see Q1 GGR of US$150 million, delivering $48.3 million in tax payments

Article brief provided by SBC Americas
  • Lucia Mouriño, SBC Americas
June 22, 2022 9:27 PM
  • Lucia Mouriño, SBC Americas

    The Superintendence of Gambling Casinos (SCJ) from Chile has reported that authorized casinos reached the $48.3m mark in tax contributions in the first three months of 2022.

    Taking inflation out of the equation, these results are 6.4% lower than the ones registered before the pandemic, although they continue the positive trends from recent months.

    According to the local regulator, the $48.3m was distributed to different sectors, including $21.9m to the communes and regional governments of each casino, $20.7m in gaming VAT, and $5.5m in income tax.

    The casinos totaled $149.8m in gross revenue between January and the end of March, meaning that revenues were 12.2% higher than in 2020, the last period in which casinos were able to operate normally.