Mon. Nov 25th, 2024
Online Sports Gambling Kicks Off In Puerto Rico

BetMGM announced the launch of its mobile sports betting app in Puerto Rico in partnership with Casino del Mar at La Concha Resort. Puerto Rico is the second market outside of the U.S. mainland for the company’s mobile sports betting app.

“BetMGM is ecstatic to become the first operator to deliver mobile sports betting to Puerto Rico,” said the company’s CEO Adam Greenblatt. “This great collaboration between local officials and Casino del Mar provides a safe, responsible and entertaining product accessible from anywhere on the island.”

As part of the mobile app registration process, gamblers in Puerto Rico will need to validate their identification in person at the BetMGM Sportsbook located at the Casino Del Mar resort in San Juan.

MGM was the first operator to debut regulated retail sports betting in Puerto Rico when it was legalized in February 2022.

In December 2022, Casino del Mar opened a permanent $3.5 million sportsbook and lounge with 12 self-service kiosks and five betting windows.

Sports wagering is permitted in Puerto Rico on all sporting events, including those that are professional, collegiate, Olympic, and international. Wagering is permitted on electronic and Esports as well.

“Today, Puerto Rico is once again at the forefront of the sports betting industry,” said Sigfrido De Jesús, Casino del Mar General Manager. “In addition to being an attraction for sports fans, this will have a positive impact on the revenues of the Treasury.”

“We are pioneers in the sports wagering industry, and we are elevating sports to the next level by developing trustworthy and user-friendly technology tools. Creating this technological alliance with a company of BetMGM’s caliber has allowed both Casino del Mar and the government to learn about innovation in the betting industry.”

In the U.S., $93.2 billion was bet on sports in calendar year 2022, according to figures from the American Gaming Association. Revenue for sports gambling was $7.5 billion. Those figures don’t include tribal sports betting that isn’t subjected to state taxation.

Sports betting is live and legal in 33 states plus the District of Columbia.

By Xplayer