Fecoljuegos president urges evidence-based gambling regulation in Colombia
Fecoljuegos president Evert Montero Cárdenas criticised Colombia's gambling policy debate, arguing that decisions rely too heavily on imperfect figures and political considerations. He said 95% of the amount wagered is paid out as prizes, while the remaining 5% covers costs including taxes, regulatory fees and healthcare contributions.
Montero's figures frame the industry's stated cost structure for policymakers considering regulatory and tax changes.