The Puerto Rican Sports and Video Games Association (PRSVGA) has asked Governor Wanda Vázquez Garced to include sports in the first round of businesses that could be permitted to reopen after the coronavirus pandemic. The goal, it said, is for the island to generate new revenue.
The association indicated that an emergency regulation for approving esports could be accepted, given that the land-based sector is not working and that online activity has increased.
PRSVGA executive director Gerardo Mora Pérez clarified that “…given the minimal risk of spread, the potential of esports in the world and specially in the US, added to the urgent need for new revenues,” esports can be included “in the first phase of reopening,” adding that there would need to be an emergency law to make betting on esports viable.
The association’s Economic Task Force plan contained a number of steps to reactivate the local economy. The PRSVGA, which claims online betting is the next step to economic growth, proposed approaches used by other nations, such as New Jersey, to demonstrate how to raise Puerto Rico’s funds.
Mora Pérez commented: “Only two states, New Jersey and Nevada, have established new strategies during the pandemic to formalize the online sports and betting industry. We know that, due to the emergency, Puerto Rico’s income has plummeted and the online gambling industry is a viable option, as it also complies with the social distancing rules.
“Estimates from the government of Puerto Rico indicate that, in the next three years, the gaming industry could contribute approximately $148m to the treasury.”