Online casinos offer different opportunities for money-making entertainment that many people enjoy around the world. The Internet era has certainly made online casinos more popular than ever, and now we can access them any moment and from anywhere in the world right from our mobile phones.
One of the many great things about the online casino experience is you can visit casinos online from all over the world. So, if you’re interested in gambling in online casinos in Venezuela, today we’ll provide all the information you need to have the best experience.
We will take a look at some of the best online casino sites in Venezuela, we’ll gain a better understanding of gambling laws and regulations in the country, we’ll learn a bit about Venezuela’s gambling history and we’ll answer some of the most frequently asked questions. We’ll also make some predictions about the future of online gambling in Venezuela so you can have an idea of what to expect in years to come!
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Venezuela Online Casino Sites
Top 6 online casinos
If you’re already familiar with 1Casino1 online gambling guide, then you know we recommend the best and most trusted casinos online (like w casino online). Our Venezuela online casino list for today is no exception! Here are the top online casinos available for Venezuelan players so you can enjoy all the online casino games your heart desires.
Compared to other Latin American countries, the Venezuelan online casino market is very, very small. In fact, it’s non-existent. The online casino market used to be represented by only two legitimate companies, namely Casino Bar and CasinoOnAir, and today they’re out of operation. That’s why Venezuelan gamblers need to look for other options, and they often prefer the ones on this list.1.
1. W Casino Online
W Casino Online (www.wcasino-online.com) is by far the most popular online casino in Venezuela. Venezuelan gamblers will find a large variety of casino games to play online. From poker games that support multiple players to online sport bettings and a real live casino. The website language is Spanish by default, which makes this online casino site even more popular among the Venezuelan. In addition, This casino is well known for its professional & High quality customer support.
2. Joycasino
Joycasino offers games by Greentube, Thunderkick, Microgaming, and Playson, so they have a wide selection of gambling games that can be played in your browser, desktop, or mobile app. It supports many languages including English, Spanish, Italian, Russian, Arabic, Portuguese, and more. They have a wide range of promotions and bonuses, including a 100% Welcome Bonus. Payment systems include Bitcoin, PayPal, PaySafeCard, MasterCard, Maestro, Trustly, WebMoney, Nordea, and more. This is one of the best online casinos and it offers the most popular games, including a wide variety of slots online, video poker, live roulette, live baccarat, and the list goes on and on.
3. CherryCasino
CherryCasino has been live since 2000 and they provide a wide variety of gambling games. Additional to all the gambling games available, you’ll also be able to participate in sports betting and you’ll enjoy many bonuses and promotions, including a 100% Welcome Bonus (unless you use Neteller or Skrill to make your minimum deposit). CherryCasino is one of the top online casinos because it provides one of the largest catalogs of gambling online games. The most popular being: video slots, jackpot games, classic slots machines, video poker, table games such as blackjack, roulette, and so much more. The sports betting section will list all the sporting events available and you can also bet on political events or contests. CherryCasino is available for PC and iOS, Android, Windows, and BlackBerry mobile devices.
4. Spin Palace
Spin Palace is one of those casinos online that has it all. This online gambling paradise has been up and running since 2001 and it has gained popularity over the years among players from all around the world. It is a fully licensed online casino with an eCOGRA seal of approval, which is a UK independent agency that specializes in certification of online gaming systems and software. Spin Palace offers all the online casino games you need to have fun and make some money. They also offer a great triple deposit bonus of up to $1,000, which is a lot more than other online casinos tend to offer. They have a mobile version so you can play on your mobile devices anywhere, anytime, and many payment options so you make deposits and receive payments as easily as possible.
5. 888 Casino
888 Casino is one of the largest casinos online and therefore one of the most well-known all over the world. They’ve been providing a wide range of gambling games since 1997, including casino online slot machines, table games, and much more. You can enjoy these games on your computer by downloading their software or on any mobile device with their mobile app. 888 Casino is licensed by the UK Gambling Commission and the Gibraltar Gambling Commissioner as well. The payment options are many, including Neteller, PayPal, Skrill, MasterCard, Visa, and more. The platform is available in many different languages such as Spanish, French, English, Chinese, German, Italian, Japanese, and others. They offer many bonuses, including a welcome bonus and deposit bonuses as well.
6. Jackpot City Casino
Last but certainly not least, we have the Jackpot City online casino, which is another great option to consider. Players from all other the world have been amazed by the incredible gambling game selection they offer, their generous bonuses, regular promotions, lucky draws, and competitions, as well as their wide range of payment options and its support team that’s always available. These are all the makings of one of the top online casinos, so you should definitely consider giving it a visit! The Welcome Bonus is $1,600, which is incredibly generous, making this a very popular online gaming destination for many players all over the world.
Online Gambling in Venezuela: Laws and Regulations
Gambling is perfectly legal in Venezuela, but the market, especially compared to other Latin American countries, is quite small. Only 5 casinos are operating in the country today and proceeds amount to around $4 million a year. This is, of course, a result of Venezuela’s current political and economic crisis, which has 76% of the population living below the poverty line.
The gambling industry in Venezuela is regulated rigidly, both for licensees and players, but online gambling is still allowed. The problem is that there aren’t any available online casinos in Venezuela, so gamblers turn to online casinos from other countries (like casinos online in Mexico) that allow them to gamble. The only two legit online casino companies that used to function in the country, Casino Bar and CasinoOnAir, went bankrupt. So there are no other options of available licensed online casinos for Venezuelans. However, they’re allowed to play with foreign operators, such as the top online casinos listed above.
In Venezuela, gambling is regulated by The National Commission for Casinos, Bingo Halls, and Slot Machines, which is a decentralized organization within the Ministry of Finance. Its board of directors consists of the President of the Republic, the Representative of the Ministry of Interior and Justice, the Representative of the National Narcotics Council, the Representative of the Ministry of Finance and the Representative of the Ministry of Tourism.
Now, it’s important to keep in mind that players are advised to be extremely careful when choosing online casinos because the government offers no protection. Remember there are no operating online casinos in Venezuela at the moment, so they have no reason to provide protection for something that’s not being done in the country even if players can legally play with foreign casinos online. In doing so, just remember you don’t have a safety net provided by the government. In short, you always want to make sure the online casinos of your choice are reputable and trustworthy.
What about the legal age for gambling? Well, for all conventional legal entities the legal gambling age is 18 years old anywhere in the world. But since there aren’t any online casinos operating in Venezuela, they don’t specify the legal age for local gambling websites because these websites don’t exist. So, if you’re playing in international online casinos, the legal gambling age is 18 years old. In short, it’s perfectly legal for players to gamble in casinos online provided that they’re of legal age. Just be careful what sites you choose to play with and use our list of top online casinos as a guide!
Gambling History in Venezuela
Venezuela became an independent country back in the year 1830 from the Gran Colombia Federal Republic. Even so, the country still faced civil and political chaos as a result of the rule of local military strongmen or caudillos. The first democratic election in the country took place in 1958 and the 80s and 90s the country underwent a severe economic crisis that meant casinos were not on the list of priorities.
Until 1997 there was no rule or law in the country that would regulate the gambling industry. But at this time, brick-and-mortar casinos were allowed to operate within tourist zones and hosted only in 5-star hotels with 200 or more rooms. At the same time, a taxation system was introduced that required gambling sites to pay 20% of their total profits. But this taxation was impossible to sustain and many gambling entities came crashing down.
In 1999, Hugo Chavez took office and became President. He ruined the country’s gambling industry entirely by forcing many strict bans and restrictions on gambling entities. This inevitably leads to them closing their doors. As a result, the economy suffered because tourists no longer saw Venezuela as a gambling paradise, not to mention no gambling licenses were being issued at the moment.
Nicolas Maduro is now the President of the country and he didn’t cancel all the gambling restrictions Hugo Chavez put in place so they still hold to this day. For this reason, a big part of the gambling industry functions outside the law, since they’re not granting licenses to casinos either online or offline. Venezuela’s gambling industry is still very young, so there’s hope for the future.
The Future of Online Gambling in Venezuela
Based on what we’ve learned so far, Venezuela is not a gambling-friendly country. There are only a handful of good old casinos functioning in the country that happily welcome tourists but there are no online casinos in Venezuela at all. There definitely needs to be a change in legislation so the gambling industry can flourish and it seems the first steps have been taken in that direction.
Because of the political and economic crisis currently taking place in Venezuela, international online casinos are the preferred option for Venezuelans. However, there are high risks involved in a sector that’s 100% not regulated. There’s no way to say whether the situation will change for the better any time soon, but you can still enjoy the online gambling experience as long as you choose casinos online you can trust and that are certified.
There’s no way of knowing if the tax that’s choking the gambling industry in Venezuela will ever be lifted. Many operators who could be doing business in the country decide not to because it’s not a good move. However, the fact that foreign gambling platforms are not being blocked is a positive thing because it allows residents to still enjoy the activity without it being illegal. The only real issue is that you have to fend for yourself because there’s no government protection for players.
Venezuela Casino Online FAQ (5)
We want to close this article by answering the most frequently asked questions about gambling activity in Venezuela and online casinos so all your doubts can be cleared up. After this, you can give any of the top online casinos a try and start playing!
Is It Legal to Play on Online Gambling Sites in Venezuela?
Gambling is legal in Venezuela, but because of the severe restrictions and taxes, there are currently no online gambling sites operating in the country because it’s not sustainable. However, residents can play at international gambling sites as long as they’re certified and secure. If you’re wondering what are your options, refer to our list of top online casinos at the beginning of the article.
Do Venezuela Authorities Allow for Online Sports Betting?
Online sports betting is not regulated in the country and because there are no online gambling sites in Venezuela, this is not expected to change any time soon. However, you can still place sports bets with international gambling sites and online bookies. Venezuelan authorities don’t interfere with online gambling, so you won’t be breaking any rules or laws.
Is Online Gambling Safe for Venezuela?
Yes, it’s perfectly safe for Venezuelans to gamble online even if there aren’t any government protections in place. The government doesn’t interfere with online gamblers at all, which is why Venezuelans and tourists can enjoy games of chance online at a certified and secure online casino of their choice.
Are Bonuses Offered by Online Casinos in Venezuela?
Once again, no Venezuelan-based online casinos are operating at the moment, so there aren’t bonuses to be offered. However, online casinos all over the world do offer many different bonuses and promotions to their players, including special offers, high-roller discounts, tournaments, free spins, cashback and so much more!
What Are the Available Deposit Methods?
You will be able to use any deposit method you choose when gambling in online casinos. Not only because online gambling is not persecuted in Venezuela but also because money transfers are not blocked. So as long as that continues to be the case, you can use any deposit methods available in your online casino of choice.