Gambling in the USA

Puerto Rico Becomes the Latest U.S. State to Legalise Sports Betting

Published

5 years ago

August 1, 2019

Niji Narayan

Puerto Rico Becomes the Latest U.S. State to Legalise Sports Betting

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Puerto Rico has become the latest U.S. state to legalise sports betting. The outgoing Governor Ricardo Rosselló signed the law that allows Puerto Rico to offer sports betting services, fantasy sports and eSports.

“We continue to work for tourism, which will help us improve economic development for the island,” Rep. Nestor Alonso said.

To boost tourism, Puerto Rico will feature one of the lowest sports betting taxes in the US: only 7% on gross gaming revenue for retail sportsbooks. On the other hand, online sportsbooks will be subject to a 12% tax.

“With this law, we are getting ready to see how sports betting can potentially help Puerto Rico become an innovative jurisdiction and help the local economy. The island will be able to show off as a national treasure and international spot for sports betting,” Rosselló said.

“This victory is part of the Governor’s Advisory Council on Video Games Affairs,” Rosselló added.

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Niji Narayan

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.