The Social Protection Board (JPS) of Costa Rica has revealed that it is analyzing five proposals to obtain authorization to operate online gambling, including electronic lottery and sports betting.
The process to receive offers from national and international operators started on March 16 and finished last week. According to Teletica, the JPS received five offers, while a legal representative submitted a proposal through an official letter.
Each operator selected by the JPS will have to pay a deposit of between $100k and $200k to the JPS and another sum of $250k as a guarantee.
Esmeralda Britton, JPS President, said: “This institution intends to ensure that revenue is generated for the 500 social programs that aim to help vulnerable people who benefit from the money that comes from the commercialization of these products.”
According to information previously shared by the JPS, there will be three different platforms, which will be authorized through a concession, to two operators per platform.
Furthermore, the Board will keep 70% of the profits, and there will be no intermediaries between the operations and the JPS. Another important aspect is that the proposed databases and games will become the property of the JPS.
“The Board has demonstrated throughout its almost 176 years of existence its ability to evolve and adapt to new times. We believe that in the case of the digital age, the institution is walking on the path of technological transformation that allows us to strengthen social protection,” said Britton.
