PICKS 9 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 Bonkers Tornadobet Optibet LV Bet 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
alexis1016+12%624
Yippee+11%362
The_Tabak+9%301
mguille+9%107
bfischer+7%1690
Damir+6%206
cristiandinu+5%931
abdulalhazred+5%632
Adan+3%364
RedBacon+3%1376
IN FOCUS
Why Online Gambling is the Safer Option These Days, 01-04
Gambling Professionally What You Need to Know as a..., 01-04
Canceled Sports: What to Bet on Now that Major Sports..., 01-04
Canceled Sports Events: Sportsbooks Gets Creative with..., 01-04
Land-Based Casinos Suffering due to the Quarantine Measures, 25-03
Online Casinos and Sportsbooks asked to impose a betting..., 24-03
Online Betting 101: Understanding Sportsbook Rules and..., 23-03
Biggest Advantages of Online Betting, 20-03
How Will Covid-19 Virus Affect Online Bookmakers?, 19-03
Practical Ways For Students To Earn While Learning, 19-03
Top Poker Players over the Last 3 Years, 18-03
Earn Consistent Income With Expert Soccer Picks, 13-03
The Do`s And Dont`s When Competing On The Sports Betting..., 12-03
5 Champion Hurdle Contenders for the 2020 Cheltenham..., 09-03
Five Football Games to Bet in March 2020, 07-03
Overview of Wazobet Sports Betting and Casino Platform, 06-03
Should we trust tipsters?, 03-03
Betfair Sets the Odds for Trump’s Re-Election, 27-02
Sports Betting: Why You Should Consider It, 27-02
Why Indians are Gambling More Than Ever Before, 26-02
See more +