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License Type | Application Fee | Annual License Fee | Other Financial Requirements |
---|---|---|---|
Online Gambling License | USD 100,000 | USD 100,000 | May require a deposit or guarantee; subject to change by authority |
Gaming Machine License | Varies (set by authority) | Varies (per machine or venue) | Financial stability and reporting required |
Betting License | Varies | Varies | Proof of financial resources and compliance |
Amusement Arcade License | Varies | Varies | Depends on number and type of machines |
Club Gaming License | Varies | Varies | Club membership and operational controls |
Type of Gambling | Tax Rate | Tax Basis |
---|---|---|
Lotteries | Specific rates apply (details not publicly disclosed; typically set by government contract with the Barbados Lottery Association) | Gross Gaming Revenue (GGR) or turnover, as defined by government agreement |
Horse Racing | Specific rates apply (details not publicly disclosed; typically set by government or racing authority) | Turnover or betting pool, as defined by regulatory agreement |
Slot Machines | Specific rates apply (details not publicly disclosed; typically a fixed fee or percentage per machine or venue) | Per machine or venue, as set by local authorities |
Online Gambling | Not regulated or taxed | Not applicable |
Casino Gambling | Prohibited | Not applicable |
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Year/Date | Event |
---|---|
1963 | Gambling Act (Cap. 134) enacted, providing the first legal framework for gambling activities in Barbados. |
1965 | Betting and Gaming Duties Act (Cap. 134A) introduced, establishing regulation and taxation for betting and gaming, including licensing of gaming machines. |
1977 | Major amendments made to the Betting and Gaming Duties Act, refining licensing and regulatory provisions for gaming operations. |
1998 | Further amendments to the Betting and Gaming Duties Act to address technological changes and new forms of gaming. |
2010 | Government discussions initiated on modernizing gambling legislation, including the potential regulation of online gambling. |
2016 | Drafting and consultation on new gambling legislation to update and consolidate existing laws, with a focus on regulating online gambling and strengthening oversight. |
2020 | Barbados Gaming Authority established to oversee licensing and regulation of all gambling activities, including online operators. |
2024 | Online gambling operators formally required to obtain licenses from the Barbados Gaming Authority, with updated compliance, tax, and responsible gaming requirements implemented. |
Professional guidance on regulatory compliance for gambling operations
Gambling regulations are subject to change. The information provided on this page was accurate at the time of publication, but may not reflect the current regulatory landscape. Always consult official sources for the most up-to-date information before making any gambling-related decisions.
Last updated: 22 April 2025