Costa Rica

Costa rica is a central american country located between nicaragua and panama. It offers many appealing tourist destinations and is a hub for companies that want to play online games, even if this is declining. Costa rica is one of the most favorable jurisdictions for obtaining a license for online casinos, lottery, and other online games. The legislation of costa rica does not regulate the activities of online casinos and other companies that provide services in the field of organization and conduct of gambling on the internet, making it one of the most attractive jurisdictions in the world for such companies.


At least 80 companies which were primarily internet gambling brands that take bets on sports, and matches around the world, set up their shops and offices in costa rica. Lured by the tax regulations in the country beside isle of man, malta, this looked very promising. They also had a cheap labor force who spoke english, along with spanish, making it ideal for businesses. Because of this surge in dominating the markets, costa rica started a history in the online or internet gambling market some 20 years back. It was not a part of any gambling commission jurisdiction or had any specific laws to regulate or restrict it, so this was even better for these businesses. Most of these were small companies with little to no obligations.

Although this growth in costa rica gambling has provided up to 5000 active people with good jobs, wages, and benefits, there have been some concerns from u. s. Officials. The majority of web bookies in costa rica have clients in the united states, with only a few focusing on asian markets. The largest number of bets is placed on football and professional basketball, leading to concerns about the legality of internet betting under u. s. Federal law. However, today casino-style internet gambling and online casinos are becoming legal in some U. S. States.

Costa Rica Online Gaming Laws

The gambling license in costa rica is considered to be more simple and straightforward than other types of businesses. This makes the country one of the most attractive jurisdictions for companies providing virtual gambling services. All of these companies operate under either a data processing license or a license for virtual gambling services. These licenses are issued by the national registry of costa rica. The company is allowed to gamble directly in costa rica, but only if it obtains a license for data processing from the local authorities. Despite the liberal attitude to gambling in costa rica, there are still some regulations in place, such as the national anti-money laundering regulations, the unusual transactions act, and the counter-terrorist financing regulations.

Compliance audits are conducted on a regular basis to ensure that companies involved in the gambling industry are complying with all costa rican laws. Licensees are required to keep a full control log for each player who makes a deposit, which must include financial transactions and individual bets. In addition, all gambling systems, including internal software logs, must be made available to third-party authorized auditors. Local regulatory authorities must have access to the rules of the game, the result of the game, and all payments made within five years. It is important to note that only non-residents of costa rica over 18 years old are allowed to participate in online games. Operators must decline any bets made by costa rican residents or persons under 18 years of age.

Know Your Customer Policy (KYC)

The local regulatory authority in costa rica is responsible for making sure that all gambling companies in the country operate in accordance with government regulations and standards. This includes compliance audits on a regular basis, to ensure that businesses have the proper licenses and are following all terms of those licenses. For example, casinos are required to keep detailed logs of all financial transactions made by players, as well as individual bets and game results. They must also make this information available to third-party auditors upon request. In addition, players must be at least 18 years old to gamble legally in costa rica; those who are caught gambling underage will be subject to punishment by the law. If players have any complaints about a gambling company, they can contact the costa rica gaming authority complaints portal.