Betting Sector Grows by 22%

The gross revenue from the Jamaican gaming industry was near $136-billion, dominated by Video Lottery Terminal (VLT) gaming products.

This was revealed in the most recently published 2015/2016 Annual Report of the Betting, Gaming and Lotteries Commission.

VLT gaming grew by almost $17-billion or 22-percent, driven by revenues in gaming lounges.

By contrast, nineteen and under gaming operations, the majority of which are located outside of the Kingston Metropolitan Area, had revenues of over $1-billion which was $12-million less than the previous year.

The Betting sector, comprising horse racing and sports betting, grew by 6-percent during this period.

Sports betting revenues increased by over 3-hundred million dollars while horse racing increased by over a hundred and $80-million.

Lottery products accounted for 30-percent of the gaming sector, netting just over $34-billion.

This represents a decrease of over a billion dollars when compared with the previous fiscal year.