On March 24, 2025, Puerto Rico’s House of Representatives launched a formal investigation into the rapid collapse of its once-thriving horse betting industry. With dozens of agencias hípicas (off-track betting agencies) shutting down and revenues plummeting since 2023, lawmakers are demanding answers.
The investigation, spearheaded by the House Committee on Tourism and Cooperativism, will examine potential violations of Puerto Rico’s Gaming Commission Law. At the center of the storm is Hipódromo Camarero, the island’s only racetrack, which is accused of forcing betting agencies to use exclusive sports betting providers—potentially stifling competition and driving operators out of business.
The committee, chaired by Representative José Rivera Madera, is reviewing complaints from betting agency owners who allege unfair practices, delayed payments, and declining government oversight.
Industry insiders warn that the continued downfall of the horse racing sector could devastate hundreds of jobs and millions in tax revenue.
“This is not just about horse racing—it’s about corruption, monopolies, and the destruction of a historic Puerto Rican pastime,” said one operator under anonymity.
As lawmakers dig deeper, many are calling for urgent reforms, including greater transparency in licensing and a reevaluation of how sports betting is regulated on the island.
