Legalization of Online and Land-Based Sports Betting May Happen Soon in Puerto Rico

There are many ways to legally play in Puerto Rico. However, online gambling in Puerto Rico is not yet legal. However, this does not mean that you cannot place online bets online when you are in Puerto Rico.

People from that country can still place bets online as long as the casino is outside of Puerto Rico. This means that there are no legal online casinos in this country. Only horse racing, cockfighting, lotteries and some non-profit bingos and casinos are legal in the country.

Last Sunday, the Puerto Rican government legislature passed bill HR 2308, which legalizes sports betting in that country. The HR 2308 enables land-based and online sports betting in the country.

Puerto Rican governor Ricardo Rosselló was the one to propose this legislation, and legislative approval simply means that the sports betting industry in Puerto Rico is already shining. The governor said the revenue that goes to the government will greatly improve the lives of Puerto Rican people.

The estimated revenue that will benefit the government by next year (2020) is $ 29 million. The estimate will double by 2021, which is equivalent to $ 51 million. They anticipate $ 87 million by 2024. This applies to both online and land-based income from sports betting.

Sports betting similarities to the United States

Sports betting can still be placed online when the sports betting is abroad, so that citizens and tourists have no problem with it. It is striking that the gambling laws in Puerto Rico are still the same as in the United States.

The PASPA (Professional and Amateur Sports Protection Act) or the Bradley Act were abolished by the U.S. Supreme Court on May 14, 2018. This law prohibits sports betting in the United States. Few states were exempt from this law.

Nevada, Oregon, Delaware and Montana have legal sports betting laws. This is due to the fact that sports betting laws had already been recorded in these countries before the introduction of PASPA. However, each state has different ways to legalize this industry.

Puerto Rico may not be a U.S. state, but it is still a region in the U.S. It just makes sense why the gambling law is very similar. The country is still bound by US federal law. US online casinos are only legal in the states mentioned, but Puerto Rico remains the same as the rest of the states.

More about the HR 2308 invoice

The HR 2308 has not yet mentioned any casino and sports betting sites that will receive licenses. However, it is mentioned that a new game commission will be formed. This commission is responsible for licensing.

Forming a new gaming commission to be responsible for what this bill can and should do. It was mentioned that the commission to be appointed should have at least 5 years of experience in the sector mentioned.

This new Gambling Commission will be the institutional structure for groups that oversee gambling in Puerto Rico, and this includes the groups that are already involved in the management of the horse racing industry and in the gaming department of the Department of Tourism’s Tourism Bureau.

When it comes to the financial aspects of the HR 2308 bill, this is also up to the new gaming commission. There is currently no exact information about the license costs. It is only known that the minimum fee for a large operation is $ 50,000 USD.

When it comes to the percentage of revenue to be paid to the government, 7% of the revenue comes from land-based casinos. Government bets 12% of online betting.

In order for an online and a land-based sports betting provider to be licensed by the new game commission, certain requirements must be met. Health and safety requirements should be met. Sports betting websites should not be available in grocery stores and petrol stations. Land-based sports betting should be more than 100 meters from religious venues, schools, and rehabilitation facilities for people who are addicted.

Overall, the adoption of this bill appears to be great for the country. Puerto Rico is known to have had a debt crisis in 2017. The government had to be closed because of this. What didn’t help was Hurricane Maria, which also took place in 2017.

The adoption of this law will provide financial support to the country, and Governor Rosselló is convinced that it will also help attract more tourists to the country.