The Caribbean country of Jamaica has admitted that it's investigating the opportunity to regulate online gambling in Jamaica, giving the nation a chance to raise tax revenue through an activity already taking place.
The country's Betting, Gaming and Lotteries Commission is analyzing the possibility of regulating the activity, and is exploring the opportunity of capitalizing on offshore licensing as well as regulating operators offering services to punters on the island.
A statement on the matter was released by the BGLC, which read: "One of the fastest-growing offshoots of Internet gambling globally is fantasy/virtual sports betting. It is especially popular in the United States, India and China, with recorded annual sales in the high billions."
"Internet gambling and the fantasy/virtual sports betting phenomenon, which is quickly gaining interest in Jamaica, will be explored in detail during the BGLC's upcoming Gaming Industry Summit on Thursday, September 22, 2016 at the Jamaica Conference Centre, beginning at 8:30 a.m."