Cabinet Approves Sports Betting Amendment

Cabinet has given approval for an amendment to the Betting, Gaming and Lotteries Act regulations to allow for the introduction of sports betting and the payment of a 9 per cent gross profit tax on sports betting offered by licensees.
This will allow bookmakers to pay a total gross profit tax of 16.5 per cent. The decision was announced by Minister without Portfolio in the Office of the Prime Minister, with responsibility for Information, Telecommunications and Special Projects, Hon. Daryl Vaz, at the post Cabinet press briefing at Jamaica House, yesterday (September 9).
This approval paves the way for the introduction of betting on overseas sport matches, such as the National Basketball Association (NBA) games in the United States of America (USA) and European club football matches.