Sports Betting in Panama
Sports betting in Panama is completely legal, and the sportsbook industry in the country is well-established. All bookmakers in Panama are overseen and regulated by the government's Gaming Commission (Junto de Control de Juegos). One of the country's most famous sports wagering venues is the Hipodromo Presidente Remon in Panama City, which operates a regular sports betting venue in addition to thoroughbred racing. Aside from the Hippodromo, CODERE is the largest sportsbook company, running several betting shops across Panama, including the Turff Bet & Sports Bar at the Presidente Ramón Racetrack. These and more options give plenty of ways for locals to bet on sports in Panama.
Online Sports Betting in Panama
Online sportsbooks are also available in Panama. The government legalized online gambling back in 2002, and by mid-year was already providing licenses to local companies allowing them to offer gambling services over the internet. In 2003, the first officially licensed and government regulated online sportsbook appeared in Panama. Since then, more have emerged, offering a wide range of sports betting opportunities to both locals and to an international audience. Internet betting sites in Panama get a tax break if they cater to foreigners so not all of them accept local players. Instead, many players in Panama turn to foreign online sportsbooks to fulfill their sports betting needs.
