Peru, one of South America's major economies, has just legalized online casinos and online bookmakers. 

The country of nearly 33 million people voted in parliament with a sweeping 91 votes in favor and none opposing, to lift the ramp for casino operators and bookmakers.

A newly-formed governing body that will set the rules and oversee iGaming regulation has been placed under the Peruvian Ministry of Foreign Trade and Tourism. 

Online casino operators need to obtain a license before they can set up shop. Interestingly, operators are required to apply for a special license to be able to offer casino bonuses. One of the rules is that players can't exchange the value of a welcome bonus for money.

As for sports betting, Peru's punters can place their bets at land-based betting terminals and online.

All operators will be required to display on-site notifications warning players about the danger of excessive online sports betting. 

The Government of Peru has set a gaming tax at 12% to be collected monthly from the revenues minus the operators' cost of maintenance. Furthermore, operators will also incur a maintenance tax of 2% of monthly revenues. 

The legislation enacted on July 15, 2022, will be official 60 days after it is posted in the country's official legal gazette.