16+ CR GTD
Header banner - Calling Stn
Pokersaint - Lead
Puerto Rico governor introduces sports betting bill Gambling

Puerto Rico governor introduces sports betting bill

by Gutshot Admin Posted on 05 Apr, 2019

The South American country of Puerto Rico recently saw a sports betting bill being introduced in its parliament. The bill was tabled by the country’s Governor Ricardo Rossello. The bill, if passed, will become law and lead to the legalization of betting on sports and online video games in the country.

In a statement issued by the office of the governor, the revenue generated from gaming and betting will be distributed to help fund the retirement of pensioners of youth sports programs. It will also be used to pay for prevention and treatment of problem gambling.

Rossello said, “This industry has the potential to convert Puerto Rico into a jurisdiction in the vanguard of allowing the establishment of this new model, which will have a positive effect on our economy. We have worked on aggressive legislation that aspires at being able to market the island at the international and national levels as an attractive destination for the millions of people who bet on sports events.

The bill also encompasses online fantasy sports or eSports. Rossello further said, “Electronic games are a growing segment, with an estimated 400 million people who form a younger demographic global audience.” He further mentioned that $3 billion will be generated till 2023 globally in this industry.

The bill also mentions that operators will be expected to pay 6% tax on revenue generated from terrestrial wagers, rising to 11% for bets taken online. Sports betting licenses at licensed horse-betting agencies will get 50% discount for the first 10 years, if the bill becomes a law.

Formation of a new Gambling Commission will also be put into place over the regulation of sports betting. Recently, Brazil’s president Michel Temer signed a sports betting bill into law. The overall scenario for this industry seems to be moving ahead in a happy way, at least for the stakeholders of this industry.

Keep reading GutshotMagazine.com for more such industry news and for general poker news from around the world.

PokerDangal Slim Banner - May

Check out our online poker rooms section, where you can read reviews on the biggest and best poker rooms in the country, while also taking advantage of their bonuses and promotions. Check out these top poker rooms HERE.


Your email address will not be published. Required fields are marked *

Dangal box

Top 10 Poker Rooms

  • Calling Station
    Calling Station

    Instant withdrawal; Use “RELOAD20” on deposits for 20% locked bonus
    Offer: "GUTSHT" Register

  • 9stacks

    Instant withdrawal; 100% locked bonus on first deposit
    Offer: "9GUTSHOT Register

  • PokerSaint

    60-seconds withdrawal; 100% locked bonus on first deposit
    Offer: "GUT100" Register

  • Poker Dangal
    Poker Dangal

    INR 500 Free on sign-up; (120 Locked, 330 Ticket, 50 Instant)
    Offer: 150% on first deposit up to INR 5,000 Register

  • Natural8

    Sign-up code "GUTSHOT"
    Offer: 200% bonus up to $500 or $100 in instant rewards Register

  • Pocket52

    Offer: NA Register

  • Poker Tempo
    Poker Tempo

    Verify KYC with "FREE100" to get Rs.100 FREE on sign-up
    Offer: "WELCOME500" - First deposit bonus of 150% + 1 Lakh GTD Register

  • PokerStars India
    PokerStars India

    Deposit Rs.500 and get First Deposit Bonus of Rs.2,500 + 5 tickets to Depositor Freerolls
    Offer: "IMIN2500" Register

  • Spartan Poker
    Spartan Poker

    Sign-up with "GUTSHOT"
    Offer: "GUT300X" to get 300% on your deposit Register


    Sign-up with "GSBLZ"
    Offer: NA Register

BSU box banner

Want to share your thoughts about poker?

Then click the button to submit your article.

Facebook + Follow

Instagram + Follow

Pocket52 1 Lakh freeroll

Pocket52 1 Lakh freeroll