U. S. Virgin Islands are situated on the island area of the Caribbean having Atlantic Ocean on one side and Caribbean Sea on the other, situated just 64km west of Puerto Rico. Basically, the current gambling in the region has a long history and a perspective view. Things started with land-based gaming and branching out to include the relatively new concept in the world of gambling – the online gaming. Below, the major legislations, best betting sites in US Virgin Islands, and all the information about the US Virgin Islands sports betting are presented in detail.
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Table of Contents
Summary of Key Events
History of Gambling Laws in US Virgin Islands
The US Virgin Islands has one of the longest histories of gambling with its roots dating over decades. The legal regulation of land based casinos is largely steemed from the Virgin Islands casino and Resort Control Act passed in 1995. This particular act was meant to help in stimulating the economy of the area especially in St. Croix. Online gambling laws being a relatively new concept made its way to formalization quite slowly and it was not before Virgin Islands Internet Gaming and Internet Gambling Act was passed that the laws for legal online betting were established.
Key Events:
- 1995: Virgin Islands Casino Control and Resort Act
- 2001: First time legalisation bill for Internet gambling presented
- 2013: This is approval for legal internet gambling.
Regulatory of Betting Sites US Virgin Islands
The major independent institutions involved in the governance of gambling activities are regulatory authorities. Of organization, the main body responsible for the management of gambling activities in the US Virgin Islands is the Virgin Islands Casino Control Commission (CCC). The Division of Gaming Enforcement (DGE) serves as an investigatory and enforcement bureau and is responsible for compliance with the law and any regulations on the matter.
Powers and Duties:
- Conducting investigations for licensing
- Performing audits and inspections
- Enforcing gambling laws
Prohibited vs. Permitted Bets
It is crucial to realize which kind of bet is allowable and which one is barred for any operator as well as for any bettor. What is legal is casino games and online gambling, but an important part of it is still in the grey zone and that is sports betting.
- Permitted Bets:
- Casino games
- Online gambling
- Prohibited Bets:
- Most types of betting, excluding those on horse and dog racing are allowed.
Licensing and Fees
To get a gambling license in US Virgin Islands, there are series of screening that are carried out. This body regulates the provision of casino services and facilities and is in charge of licensing as well as fee collection.
- License Types:
- Casino licenses
- Online gambling licenses
- Fees:
- Providers shall be subjected to a 2.5 percent tax on its gross revenue.
- 1. 5% tax on gross internet gaming revenues for the licensees.
Best Betting Sites US Virgin Islands
A number of websites could be considered to be some of the best when it comes to the use of technology in the provision of betting. Below are some of the most recommended betting sites in the United States of the Virgin Islands:
Mrplay
List of offered sports markets by Mr. play consist of football, basketball, tennis, and golf. It presents the bettors with competitive odd and the minimalist interface of the platform makes it reputable among users.
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888sport
888Sport has customers in excess of 45 million all over the globe. It offers a vast number of sports markets, and live streaming services; thus, it considered as one of the most legitimate platforms.
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MrGreen
MrGreen is the other reputable site providing commendable approach to its clients and amazing opportunities for the best odds. A reputed name that has been in the betting industry for more than a decade.
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A landmark event in U.S. Virgin Islands sports
The US Virgin Islands like any other country has experienced or hosted a number of major sporting events. Such milestones have helped in the formation of the sports culture and boosted the aspect of betting.
Key Milestones:
- 1968: Initial being involved in the Olympic Games
- 1988: Peter Holmberg opens a racing gold account and takes the silver medal in the event of sailing.
- 2019: Which NBA team drafted Nicolas Claxton into the NBA
Sports Star Glory
Thus, the US Virgin Islands is also among the territories that contributed a number of talented athletes to the international sports scene. Regardless of the sailing champions that grace the local scene or NBA stars that take part in basketball events, they tend to give the local sporting scene much prestige.
Notable Athletes:
- Peter Holmberg: Silver medal winner in sailing in the Olympics
- Tim Duncan: NBA Hall-of-Famer
- Aliyah Boston: NCAA Women’s basketball player of the year
Gambling Industry Laws of Neighboring Countries
That is why it is possible to get useful information about the gambling laws of neighboring countries. Here’s a quick overview
Puerto Rico:
- Legal casino gambling
- Legal sports betting
British Virgin Islands:
- Limited legal gambling options
- No online gambling
Dominican Republic:
- Internet and based casinos and gambling
- Legal sports betting
Conclusion
As it has been pointed out earlier the availability of gambling in the US Virgin Islands ranges from the modern twist of the traditional type of gambling to modern means of gambling and all these take place under the umbrella of the existing laws and regulations that govern gambling in the region. For such purpose, there is a legion of reputable betting site such as Mr. play, 888Sport and MrGreen to name but a few. It is also important for residents and especially tourists this information can increase the level of comfort and security of bets.
FAQ of Betting Sites in US Virgin Islands
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