Dominican Republic Lottery
The Dominican Republic is located in the Caribbean and shares the island of Hispaniola with Haiti. Even though the Dominican Republic is not considered a traditional offshore jurisdiction and a taxation haven it offers beneficial business opportunities for international companies. The country's taxation regime is based on the territorial principle and is very attractive to a wide range of businesses.
Dominican Gambling Market
The gaming market in the country is closely related to the tourism industry which turned the country in a real casino resort. The availability of gambling in the country attracted around 4.4m tourists in 2009. Currently there are more than 60 land-based casinos in the Dominican Republic.
Furthermore, the country's domestic market involves more than 24 000 lottery agents and a variety of electronic lotteries introduced in 2008.
Sports betting is another gambling field that proves its strong and competitive positions in the Dominican Republic.
The gambling industry in the country was significantly affected by the tax law approved in 2011 as a result of the international commitments with the IMF. The law is aimed at controlling the expansion of the gambling market and imposing restrictions on new sports betting and lottery agencies.
Initially the Dominican gambling market was targeted at foreign tourists. However, the increasing internal demand forced the authorities to open the market for local residents. To compete with the Loteria Nacional a lot of illegal privately held lotteries and sports betting agencies appeared in the country. In 1999 the authorities recognized the necessity for licensing such operators for moderate fees. Additionally in 2006 sports betting operators were allowed to offer their customers to play slot machines.
Gambling Market Supervision
Casino Department of the Dominican Ministry of Finance was entitled to regulate and guide all operations of gambling service providers. This body is authorized to grant casino licenses in the Dominican Republic and issue permissions for installation, transfer, importation, overhauling and maintenance of slot machines.