Rising Gambling Income Reported in the Dominican Republic, as Per Recent Statistics
The sports betting segment in the Dominican Republic's gambling industry has experienced notable growth, primarily due to recent regulatory changes that have introduced updated licensing regimes and are paving the way for stronger oversight and modernization of the sector.
The passage of Resolution 136-2024 initiated an updated licensing framework for online casinos and sports betting, formalizing the market and encouraging legal participation. This regulatory evolution has contributed to the growth by providing legal clarity and consumer protections, modernizing the industry, and encouraging industry stakeholders to collaborate with lawmakers to develop a fair and sustainable framework.
One key aspect of this modernization is the ability for the industry to accommodate digital and online betting platforms, which have become increasingly popular, especially for sports like baseball, football, and boxing, all significant in Dominican betting culture.
The upswing in the Dominican Republic's gaming revenue can be largely attributed to the shift among sports betting operators in 2021 towards a more regulated space. This shift has led to the industry's gradual recovery, with revenues rebounding to DOP2.8 billion (US$50 million) in 2021. The industry continued to grow, with sports betting generating DOP1.42 billion (US$24.8 million) in revenue in 2022, and the first six months of 2023 seeing gambling revenue grow by 6.5% compared to the first half of 2022.
If the current betting momentum persists, total revenue in 2023 could reach DOP4.21 billion (US$74 million). The impact of the COVID-19 pandemic in 2020 caused revenue to plummet to an all-time low of DOP1.86 billion (US$32 million). However, since then, the industry has shown resilience and is on a positive growth trajectory.
It's important to note that this growth is not only beneficial for the industry but also for the Dominican Republic's economy. From 2015 to 2022, tax revenue from the gambling industry increased by 35.4%. In 2022, the Dominican Republic received DOP3.5 billion (US$61.46 million) in tax revenue from the gambling industry.
In conclusion, the sports betting segment in the Dominican Republic's gambling industry is on an upward trend, driven by regulatory changes, modernization, and a growing interest in sports betting. The industry is expected to continue its growth, contributing positively to the Dominican Republic's economy.
This article was last updated on June 23, 2025, and was originally posted on September 11, 2023.
[1] Regulatory Bill Review: Centralizing Oversight and Modernizing the Dominican Republic's Gambling Industry. (2023). Retrieved from https://www.dominicangamblingnews.com/regulatory-bill-review-centralizing-oversight-and-modernizing-the-dominican-republics-gambling-industry/
[2] The Rise of Sports Betting in the Dominican Republic: A Cultural Phenomenon. (2022). Retrieved from https://www.sportsbettinginsider.com/the-rise-of-sports-betting-in-the-dominican-republic-a-cultural-phenomenon/
- The Dominican Republic's gambling industry, specifically the sports betting segment, is situated in the Caribbean region, including popular games like baseball, football, and boxing.
- The passage of Resolution 136-2024 in the Dominican Republic triggered an updated licensing framework for online casinos and sports betting, contributing to the industry's growth by providing legal clarity and consumer protections.
- The sports betting industry in the Dominican Republic has been a significant revenue generator, with tax revenue from gambling increasing by 35.4% from 2015 to 2022, and the country receiving DOP3.5 billion (US$61.46 million) in tax revenue from the gambling industry in 2022.
