The agency reported that the revenue for the first 11 months of the year was G. 159.792m (USD17.8m), surpassing the total collected in all of 2023.
Paraguay.- The National Gambling Commission (Conajzar) announced, through the Ministry of Finance, the financial results for November, demonstrating that the industry continues to rise, as it reached an unprecedented record.
The figure reported by the agency for the first 11 months of the year was G. 159.792m (USD20m), an amount higher than the G. 158.080m accumulated between January and December of 2023.
In the breakdown, the revenue for January reached G.14.658m (USD1.9m), in February G.13.229m (USD1.7m), in March G.13.932m (USD1.8m), in April G.14.137m (USD 1.8m), in May G.13.728m (USD1.8m), in June G.13.759m (USD 1.7m), in July G.14.372m (USD 1.8m), G. 14.685m (USD 1.8m) in August; G. 15.352.677.766 (USD1.9m) in September; G. 15.521m (USD1.9m) in October; and G. 16.415m (USD2m) in November. November's revenue represents a record for Conajzar, and is also 15 percent higher than the amount reached in the same month last year.
It is important to remember that by mandate of law 1016/1997, resources from gambling are allocated at all levels of official administration to public health, school education, and social welfare sectors.
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The institution is responsible for the planning, control, and supervision of gambling, the activities of individuals or legal entities engaged in its exploitation, as well as interjurisdictional relations arising from the activity.
The resources from the "sports betting" modality are assigned 50 percent to the National Secretary of Sports (SND) and the remaining 50 percent to social areas, municipalities, governorships, and the Public Treasury.
Last week, the Chamber of Deputies gave half approval to the bill that modifies and expands Law N° 1016/1997, which establishes the legal regime for the exploitation of games of chance or gambling. The initiative, which was sent by the Executive Power, underwent some changes and now moves to the Senate.
One of the amended articles states that concessions will be granted to the best offer presented and will be adjusted to the norms dictated by the competent authority, which will include the power to increase the fee.
The decisions to award national gambling games will require the approval of the Executive Power, at the request of the National Directorate of Tax Revenues, by decree.
Another aspect of the proposal is the free market of gambling, seeking to eliminate existing monopolies, allowing greater competition and diversity of bidders, both at the national and at the departmental and municipal levels.
