Gambling in Saint Vincent and the Grenadines
Saint Vincent and the Grenadines is an island country located in the Caribbean Sea, where tourism is a major source of income. This is one of the reasons why gambling is legal on all islands included in the country. There are only two casinos on the island, but they offer slots, roulette, poker, as well as blackjack. Sports wagering is also legal in Saint Vincent and the Grenadines, but there are no betting shops on the island.
Apart from casinos, the only other legal form of gambling is the national lottery, which has been around for over 20 years. Most of the company’s profits are invested in sports and culture. All winnings above $500 are taxed and the Inland Revenue Department takes 10% of the amount.
Online gambling in Saint Vincent and the Grenadines
Countries in the Caribbean Community have long supported legalizing and regulating online gambling, instead of banning it. The islands of Saint Vincent and the Grenadines are among the many Caribbean states offering offshore gambling licenses for online operators.