Official language: Mandarin
Population: 23,037,031
Currency: Taiwan Dollar (TWD)

Current Exchange Rate
1 EUR = TWD
1 GBP = TWD
1 USD = TWD

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Online gambling sites in Taiwan
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Online poker sites in Taiwan
Online sportsbooks in Taiwan
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Taiwan gambling news

Sports Betting in Taiwan
Gambling was illegal in Taiwan until very recently – only the national lottery was allowed. During 2008, the government decided to finally legalize gambling and at the same time decided to add sports betting games to the national lottery system. This is the only form of legal sports betting available to players in Taiwan at the moment. The games covered are Wang Chien-ming and MLB baseball, NBA basketball games, European football, and Chinese Professional Baseball.

In late 2007, the Taiwanese government let local banks bid on control of the new sports lottery system. Taipei Fubon Commercial Bank won exclusive rights to the new lottery and is now the exclusive provider of sportsbooks in Taiwan. The bank is authorized to provide wagers on up to 6,000 games every year. The games will be available from about 150 retailers across Taiwan.  It has been estimated that the new Taiwanese sports lottery will net $1 billion annually.

Online Sports Betting in Taiwan
The new sports lottery system will not be available online. In fact, there are currently no legal Taiwanese internet sportsbooks. Any online sportsbooks operating out of Taiwan are illegal underground sites that should be avoided. The government eventually closes these sites down and players risk losing their money.

An alternative to illegal Taiwanese internet betting sites is foreign online bookmakers. Theses sites are hosted in other countries, where the government of Taiwan has no jurisdiction. Most of the time, these online sports betting sites cater to a large international audience, and offer their services in English. Some sites might have Taiwanese translations and might cater to players in Taiwan by offering wagers on local events.