Puerto Rico opens request for proposal process for sports gambling

The Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF) announced that they have issued a request for proposal (RFP) for a firm to help provide consulting services.  This comes seven months after the legislation was passed that legalized sports betting in the American territory. Those interested in submitting an RFP have until March 13.

“We understand that there are different companies that can contribute the knowledge they have acquired in other jurisdictions and bring that knowledge to Puerto Rico, where we are facing the challenges of a new industry, which is quite complicated,” José Maymó Azize, executive director of the Gaming Commission explained. “It is not to write it, but to give us the recommendations and work hand in hand with the commission for the formulation of that regulation and of any other regulation that is required.”

Last July, the legislature passed a resolution that legalized sports betting within the territory. This allowed customers to bet on sporting events both in person and by using online sportsbooks.

The move is an attempt by Puerto Rican officials to gain greater economic from the U.S. Sports gambling should help with that goal by providing a new source of revenue. The measure calls for a 7% tax on all land-based operations and a 12% tax on all online wagers.