Puerto Rico passes sports betting bill

[The Buzz]

After members of the Puerto Rico House of Representatives reached consensus over how sports betting should be regulated, the Senate passed HR 2038 bill with amendments this week. If sent to the governor and signed, the bill would allow for land-based and online sports betting, including eSports and fantasy sports betting, but not bets on amateur sports. It would also create the "Law of the Gaming Commission of the Government of Puerto Rico."

From G3 Newswire:

Agreement was reached after more than two months of negotiations, after two commissions of the House of Representatives reached an agreement on the project.

One of the main differences between the representatives of majority party Néstor Alonso Vega and Representative Antonio Soto revolved around where sports betting would be allowed. Last week Soto said that sports betting legislation could be delayed as he objected to how the measures could have allowed, for a betting centre in each location where there is an electronic lottery terminal or in any “grocery store”, The language of the bill “opens the door to thousands of betting places on the island,” he said.

The new Gaming Commission will provide an institutional structure for already existing groups which oversee gambling in Puerto Rico including the Horse Racing Industry Administration as well as the Gaming Division of the Tourism Office of the Department of Economic Development. The new commission will be headed by a commissioner appointed for a term of 10 years and a board of seven members, including three from the private sector. This board, in turn, will also be helped by an advisory board made up of seven members.

In April the governor of Puerto Rico, Ricardo Rosselló, announced that he would put forward a project before the Legislature aimed at authorising online and land based sports betting. Illegal sports betting is widespread and Puerto Ricans like to gamble especially on American sports particularly on the NBA. According to local reports, a small illegal betting centre can receive up to US$5,000 per day in bets while a larger operation can often take in around US$20,000 per day.

Read more here: https://g3newswire.com/puerto-rico-a...-betting-bill/

[big fish]

awesome, registered puertoricosportsbetting.com - please PM me if you're interested in the domain.

[gil.langelaan]

Probably good for gamblers and Puerto Rico budget, probably bad for us.