The earnings of Puerto Rico’s casinos grew 38.89 percent this fiscal year over the previous year—indicating a bounce back from the depths of the Covid-19 pandemic.
The earnings for the year were more than $355 million, compared to $256 million the previous year.
Miguel Vega, president of the Casino Committee of the Puerto Rico Hotel and Tourism Association, told Public Gaming Magazine, “The reason revenues have improved is that the casinos have now stabilized, and there are not as many restrictions. We had a more consistent year operationally, of course, and we have the challenges of employment, but we have operations with regular schedules, which has allowed us to recover lost ground.”
This same growth was reflected in the U.S., whose gaming sector has recorded its best quarter ever, exceeding $15 billion.
Puerto Rico has 17 casinos that operate a total of about 5,000 slot machines. Soon sports betting will begin to operate legally on the island. It is expected to generate about $18 million annually in taxes.
