Ahead of the Super Bowl LVI, Puerto Rico’s Gaming Commission has granted Casino Del Mar at La Concha Hotel the first temporary sports betting license.
“Today, we’re granting the first sports betting license in Puerto Rico to the operator Casino Del Mar and the Condado Hotel Service Group, Condado La Concha. It’s a temporary license, but it’s one that allows sports betting to take place next Sunday at the Super Bowl,” said Executive Director of the Commission, Orlando Rivera Carrión.
The game between the Cincinnati Bengals and the Los Angeles Rams this weekend will welcome regulated sports betting to the island, which joins a list of several US states that have launched their markets in the last few months.
According to Carrión, the Puerto Rican government estimates that the sector will generate $60m for public coffers.
Sigfrido de Jesús, Manager of Casino Del Mar, commented that the new offering will be available from February 11, where only registered players will be able to place bets. In addition, sports betting will be temporarily limited to the Super Bowl.
While the US establishes itself as an attractive country for the betting industry, with the likes of New York setting a record for monthly betting revenue in just three weeks, Puerto Rico is not only developing a fully regulated sports betting market, which will start growing this weekend, but it’s also expanding its casino industry.
The gaming commission anticipates the expansion of casino facilities in the Condado Plaza Hilton hotel in Condado, the Embassy Suites by Hilton hotel, Dorado del Mar Beach Resort in Dorado, and the Tribute Fortfolio Ponce Grand Casino, at the Aloft hotel in Ponce.