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Venezuelan Race Wagering

Pari-mutuel betting is legal in Venezuela. Bets may be placed at the track or at betting shops. The industry is regulated by SUNAHIP (Superintendencia Nacional de Actividades Hípicas), which also licenses sports betting providers.

Until 2002 horse races were broadcast on television. However, the Chavez administration changed the designation of horse racing from sport to game of chance and banned live TV broadcasts, which had a negative effect on the industry.

In 2006, SUNAHIP was able to persuade the government to reintroduce live racing to television.

Venezuelan Race Wagering Properties

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