The new regulations are part of Law 81 2019 The Betting Committee Act, which regulates sports betting and creates a gambling commission to oversee the activity. It also sets out a government policy for both land-based and online gaming, including sports betting, electronic game leagues and fantasy contests.
In March House Representative José Rivera Madera filed resolution RC 319 to initiate a study into the potential size and scope of the sports betting and eSports betting market in the country.
In June a sports betting group was founded in Puerto Rico by Governor Pedro Pierlusi to accelerate the launch of the activity and fantasy sports. A number of operators are already making a move into the market depending upon regulatory approval.
Last September, MGM and Casino del Mar at La Concha Resort announced that they had agreed to a deal that would see BetMGM open a sportsbook at the resort’s casino as well as offer online sports wagering across the island. If its license is approved, BetMGM said it would expand its retail and mobile sports betting offerings to Puerto Rico, signifying the company’s first market access agreement outside of the U.S. mainland.
Source: G3 Newswire
