Puerto Rico’s gambling industry rakes in millions in revenues

Thursday, May 30, 2024 2:32 PM
Photo:  By City8483 - Own work, CC BY 3.0, https://commons.wikimedia.org/w/index.php?curid=10310302
  • Carlos Aponte Inostroza, The News Journal

After Puerto Rico hosted the 8th Ibero-American Gaming Summit, the interim director of the Puerto Rico Gaming Commission, Juan Santaella, informed that the gaming industry in the country collected over $186 million in 2023.

Of these collections, according to data provided by Santaella, the casino sector collected $177.3 million; the sports betting sector collected $505 thousand and the horse racing sector collected $8.7 million, of which some $77 million is destined to the University of Puerto Rico (UPR), a part goes to the general fund and another part to the development and investment for the promotion of Puerto Rico in the tourism sector.