Puerto Rico’s First Fully Domestic Sportsbook Opens Today

It’s part of the U.S. territory’s continuing effort to become more self-sustaining and grab its share of the growing global gaming market.Ballers is marking a historic milestone as the first truly “domestic” sportsbook in the territory, entirely owned and operated by a Puerto Rican company. Local entrepreneur Daniel de Ontañon, the former CEO of financial services company Insigneo, is at the helm. Assuming the role of director of development is local sports commentator Héctor José Torres Donato.

This venture aims to cater to the diverse interests of sports enthusiasts by offering betting lines on all major sports. However, Ballers distinguishes itself by placing a particular emphasis on local sports teams, with a focus on baseball and basketball.Democratic hopeful Hillary Clinton came out in favor of changes to the Federal Reserve that would reduce the number of bankers in key central bank positions on Thursday, marking a major coup for national progressive groups championing reform.

To cover its technology, Ballers has integrated solutions from Sportradar and Spain’s R. Franco Digital. This strategic move ensures the “greatest integrity, speed and security,” according to the Ballers website.Ballers anticipates an annual handle ranging between $170 million and $200 million. These figures underscore the company’s ambitious yet calculated expectations as it enters the competitive market. It also signals its confidence in attracting a significant share of the nascent sports betting market in Puerto Rico.

Ballers announced a week ago that the Board of Commissioners of Puerto Rico’s Gaming Commission has granted approval for it to commence operations.

This regulatory green light positions Ballers as a compliant and authorized entity within the Puerto Rican gaming landscape, the final hurdle to jump before it could legally begin taking bets.

The sportsbook enters a field that already includes Casino del Mar at the La Concha Hotel, which has a retail sportsbook and is also operating an online sportsbook in partnership with BetMGM.