PICKS 14 TIPSTERS 702 BOOKMAKERS 42 BONUSES 24 Join as tipster / Rules PREMIUM PICKS VERIFIED SERVICES FORUM
Forgotten password Close [x]
BETRUSH HOME PREMIUM PICKS VERIFIED SERVICES BETTING FORUM

A Closer Look at the Gambling Tax Increase in Italy

13-01-2020

Italy is looking to counterweight an increase in criminal activity in the iGaming and gambling industry by tightening tax control over the segment. With the country posting stronger results in the sector in 2019, more organized crime groups have entered the segment in a bid to corner the market, launder money and establish illegitimate gambling operations.

In response to the growing incidence in illegal gambling, the government is now introducing an overhaul of the tax system for both the retail and online gambling industry. The government has had a strong control over the market, long resisting European Union (EU) regulation to open up the market to international businesses in the gambling space.

Italy gave a firm ‘no’ in 2006 but gradually fell in line with European legislation by 2010 when the country welcomed new entrants in the sector. The country’s regulator, the Agenzia delle Dogane e dei Monopoli (ADM) , began accepting license agreements from multiple parties.

Even today, in the context of a market attacked by the populist government, companies continue to seek entry into the market. Malta sports betting giant, Efbet, signed licensing agreements with the regulator, amid restrictive measures for gambling advertisement in public, including physical and online spaces.

An Advertising Ban Gathering Momentum

At the behest of Italy’s Five Star Movement-Democratic Party coalition government the industry is now facing sterner regulatory measures. Apart from seeking restriction on online advertisement and gambling as a whole, the ruling coalition is also bumping licenses fees to $2.2 million for online gambling.

Anticipating the changes in taxation, big International brands, including William Hill, Paddy Power, Slotjava, Betfair, bet365 and The Stars Group all bought up their licenses at estimated $221,000 before the new licensing rules came into effect.

Results have been fluctuating as well. In general, online casinos have faired better in September 2019, when they brought in around $80 million, up 22% from a year before. Yet, Italian MPs have more planned for the gaming industry.

The Tax Is Going Up

The 2020 fiscal budget doesn’t only anticipate increase in the level of licenses, but also the tax on gaming. For example, lottery jackpots will now be levied with a 20% tax from previously 12%. While not everything has been confirmed, the government may now be planning to also levy winnings greater than $600 with a 12% tax.

Gambling companies fear that over-regulation could lead to drop in interest in the industry. Yet, a broad group of lawmakers, including Laura Castelli, Deputy Minister for the Economy, believes this is a sure-fire way to snuff out illegal gambling in the country.

There is little to suggest this, however, as it is usually legal businesses that report their winnings whereas illegal operators just use alternative channels to lure in customers. Meanwhile, Italy’s prosecutor’s offices estimate that Italy’s illegal gambling industry amounts to over $4.43 billion, a formidable amount. Yet, slapping legal businesses with even more restrictive measures and taxing winnings would probably have an adverse effect, industry experts believe.




BOOKMAKERS SEE ALL
bet365 1xbet Rivalo WWin VOdds Betsafe LV BET 888sport Bonkersbet Betzest Tipbet Marathonbet

Free picks & PRO betting blog, reviews, advanced individual stats, contests, surebet tools. BIG forum of tipsters
Check BETBLOG.com
Betting Predictions
Free Betting Predictions from tipsters with verified statistics. Tipster Competitions with money prizes every month
Join the Bettors.Club
PREMIUM PICKS
Get more and win more!
Betrush Premium features some of our best tipsters and has delivered over 15,000 picks and steady profits since the start in 2011. We care about serious betting - no makeup, odds are advised exclusively with Pinnacle and the Asian market. Subscriptions are affordable for everyone, starting from just €9.90 per week and cover all picks and tipsters on the BP site
TIPSTERYIELDPICKS
Yippee+13%350
alexis1016+11%606
The_Tabak+8%294
mguille+8%95
bfischer+7%1672
abdulalhazred+7%492
cristiandinu+6%916
Damir+5%198
Adan+3%358
RedBacon+3%1352
IN FOCUS
Online betting has never been that easy with W88, 23-01
An overview of 188bet, 23-01
1xBet becomes the title partner of the eSports..., 22-01
Super Bowl Betting Guide: Chiefs vs 49ers, 21-01
Latest trends in Online Casinos, 21-01
How to Take Full Advantage of Online Casino Bonuses, 19-01
Tips to Getting Your Brand Out Internationally, 18-01
How New Live Betting Sites are Gaining Foothold in a..., 16-01
Why Betting on WTA Tour is So Unpredictable Today and How..., 16-01
The Casino Market in Portugal Good in 2018, Amazing in 2019, 13-01
A Closer Look at the Gambling Tax Increase in Italy, 13-01
How Can You Guarantee a Safe Play in Gambling?, 13-01
How To Make a Profit Playing Skill-Based Slot Machines, 13-01
How to Avoid Losing on Online Slot Machine?, 13-01
How Online Betting Create a Game of Chance for its Customers, 07-01
How to Win at Online Bingo, 27-12
Spanish Gambling Market Going Strong, 17-12
Jon Jones Heavily Favored To Win UFC 247, 16-12
Videoslots online casino wins legal battle against..., 13-12
Play Online Real Money Slots to Win Big, 11-12
See more +
RESOURCES
Articles - Casino games - Calculators - Livescore