Colombia-Business-Tax on Online Gaming Deposits Sparks Industry Concerns in Colombia
Colombia’s regulated online gaming sector faces an immediate financial shock as a new 19% levy on player deposits threatens to erase an estimated $350 million in annual gross revenue, jeopardize more than 3,000 direct and indirect jobs, and cede up to 20% of the formal market to unlicensed competitors. Enacted via a sweeping economic emergency decree, the tax has triggered alarm across Bogotá’s tech and entertainment corridors, where executives warn the measure will compress operating margins, stall infrastructure investment, and fundamentally reshape the country’s digital leisure economy.