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Compliance Updates

Puerto Rico Approves Land-based and Online Sports Betting

Published

6 years ago

on


Puerto Rico Approves Land-based and Online Sports Betting
Photo Source: tennessean.com
Reading Time: < 1 minute

 

The House of Representatives and the Senate of Puerto Rico has approved the sports betting bill and send it to Governor Ricardo Rosselló’s desk.

HR 2038 bill allows for land-based and online sports betting, but will not permit bets on amateur sport on the island.

The new Gaming Commission will be headed by a commissioner appointed by Gov. Rosselló for a term of 10 years and a board of seven members, including two from the private sector.

No specific cost for licenses has been set. The law establishes a tax of 7% on income on bets made via land-based facilities and 12% online.

The bill also states that no point of sale may be located less than 100 meters from a school, religious centre or public or private rehabilitation facility for addicts.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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