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

George Miller
August 1, 2019
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Puerto Rico Becomes the Latest U.S. State to Legalise Sports BettingReading Time: 1 minute

 

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.


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Puerto Rico Becomes the Latest U.S. State to Legalise Sports Betting

George Miller

George Miller

George Miller began his career in content marketing before joining the HIPTHER team in 2016 as an Editor and Content Manager. His ability to distill complex regulatory data into newsworthy B2B content led to his appointment as Head of Content in 2017.…

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Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

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Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

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