tassa dell’1% su tutte le scommesse sportive

1% tax on all sports bets


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The new taxation will lead to revenues for the state valued at around 160 million, but could damage the legal game
Sports betting could be taxed at 1%. The objective of this proposal, currently under consideration, is to generate new revenues for the state coffers. According to estimates relating to last year’s revenues, during which betting generated revenues of 16 billion, with the 1% tax bets would arrive 160 million to the Treasury of Euro.
The new tax has been at the center of political discussion and some meetings for some time. The undersecretary with responsibility for Sport examined itValentina Vezzali, and representatives of the various ministries of economic development, economy and finance. Representatives of the Customs and Monopolies Agency and the Revenue Agency also participate in the discussion.

It is not new to tax the turnover of sports betting. In fact, such a measure was already taken during the pandemic phase, with one 0.5% betting tax in support of the sports sector in great crisis due to the stop of all activities.

All taxation on sports betting and other games

1% tax on all sports bets

The idea of ​​introducing a new tax on the turnover of sports betting has been brewing for some time, but an agreement has not been reached in time to insert the betting tax in the 2021 Budget law.

Returning to the measures taken to tackle the Covid 19 pandemic, it was one taxation on emergency sports betting, again on turnover, for a share of 0.5%. However, limits had been imposed on this tax that established the maximum ceiling: 40 million for the year 2020, and 50 million for the year 2021.

Apart from emergencies, there is already a taxation system for sports betting and games. Over the years there have been various evolutions, which have led to the regulations currently in force: the single tax established by Budget Law of 2019. This establishes the percentage to be paid into the Treasury coffers, which is different and depends on the type of game.

The tax is equal to 25% of the sums not returned to players for bingo and remote skill games. The sports betting tax, excluding horse racing, is 20% for wagers on the physical network, a percentage that rises to 24% for remote collection on online gaming sites. The rate is 22% when it comes to betting on virtual events. With the same law, the tax on totalizator bets was abolished, including horse racing and non-sporting predictions.

Possible effects of the new sports betting tax

1% tax on all sports bets

The new 1% tax affects Italian and international bookmakers who offer both remote gaming and gaming on the network of territorial agencies and corners. While this is not a winnings tax, it will also impact players. In fact it has been calculated that such a tax would lead to one reduced revenue for bookmakers which would fluctuate between 10 and 20%. The effects of this new levy include a general adjustment to reduction of quotaswith reduced player benefits.

An unwanted consequence could be the migration of betting lovers towards undeclared and illegal gambling. It is a still very flourishing sector, which by virtue of the fact that it is not taxed, can offer players cheaper odds and beat the competition of legal sites.

The world of illegal gambling run by organized crime shows data that is growing year after year.

According to the calculations of the Censis, published in the Censis-Lottomatica report, illegal gambling in 2019 was calculated at around 12 billion euros a year, rising to 18 billion in 2020 and over 20 billion in 2021.

Numbers that translate into lost revenue for the state and also into many dangers for the players. By choosing illegal gambling sites and agencies, bettors do not have any of the guarantees offered by legal gambling and put personal data, identity and bank accounts at risk.

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#Rumors #tax #sports #bets

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