“Sales in the high billions”
The Betting, Gaming and Lotteries Commission of Jamaica is considering the potential pluses and minuses of introducing a legal iGaming industry to the island nation, according to the Jamaica Gleaner.
In a statement, the BGLC said, “One of the fastest-growing offshoots of internet gambling globally is fantasy/virtual sports betting. It is especially popular in the United States, India and China, with recorded annual sales in the high billions.”
The industry and its revenue potential was a subject of the country’s Gaming Industry Summit last week, and the country’s Ministry of Finance and the Public Service expects to reach a formal position on the matter in the upcoming financial year, the Gleaner reported.
