Speaking at the recent 2014 Gaming Industry Summit in Jamaica, Jamaican Ministry of Finance and Planning Horace Dalley said the island’s gaming industry has generated significant revenue in the past three years. The government earned .9 billion in 2011-12, .8 billion in 2012-13 and .5 billion in 2013-14. “This is not the kind of revenue intake in the economy that any administration can ignore,” Dalley said.
He noted despite the increasing revenues, there still is room for growth and expansion which would create jobs and enhance the economy. In that regard, phone and text betting will be introduced to expand sports betting.
Recent amendments to the Betting, Gaming and Lotteries Act are making the expansion of sports betting possible, Dalley noted. The amendments also will provide the government with more effective tools to combat illegal gaming.