Puerto Rico Passes Sportsbetting Bill

This story was published more than 1 year ago.

Both the Senate and House in Puerto Rico have passed HR 2388, which will legalize online and land sportsbetting in the U.S. territory.

The bill will create a Gambling Commission in Puerto Rico, which will be run by an administrator that has at least five years in business. Operators looking to be licensed will have to pony up at least $50,000 for large operations, with individual PoS locations having a $2,500 fee. Taxes will run at 7% for land-based venues, while online wagers will be taxed at 12%.

The activity will be restricted in where it can be offered, as venues must be further than 100 meters from churches, schools, and rehab facilities.

As of press time, we don't have a date for the launch of the activity, but we'll be following developments and updating readers as we learn more.

About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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8 July 2019 - 1:20pm
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According to the tax numbers I think there will be more operators interesting in land based business there but of course the online sector should gain some interest from the bookies as well, generally the tax looks to be quite affordable.