Legislation
Puerto Rico – Puerto Rico government begins public consultation for online gaming regulation
By Lewis - 17 August 2020
The Government of Puerto Rico has begun a period of public consultation over the regulation of online gaming following Gaming Laboratories International’s response to the Puerto Rico Gaming Commission.
The document, entitled ‘Puerto Rico Sports Betting, Betting on E-Sports and Fantasy Contest Regulations’, was published three months after GLI was hired to consult on the development of sports betting regulations.
The regulations include a seven per cent gross gaming revenue tax on land-based betting and 12 per cent rate for online wagering and fantasy contest operators. Betting will be restricted to those aged 18 and over, while operators will be required to submit to a responsible gambling strategy.
The proposed regulations include a $50,000 fee for a principal operator license and for internet wagering platforms whilst a $2,500 fee will be levied for retail betting outlets. For fantasy sports licenses, operators generating annual gross income of $10m or more will face a $10,000 fee that falls to $1,000 for less than that amount.
Service providers will also be required to secure a license totalling $5,000. This falls to $2,000 for indirect services such as consultants, restaurants and cleaning companies.
The Commission is now accepting written comments on the regulations for 30 days.
