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Italian government to review igaming tax overhaul

Tuesday, 24 February 2023 14:31

The final draft of Italy’s decree proposing that the turnover-based tax system be switched to a maximum 20% of gross profits across all gaming verticals has been sent to the country’s government for review. 


italy

If approved, the change would be hugely beneficial for Italian-licensed operators, bookmakers in particular, in terms of mode of operation and being able to have more visibility on their forecasts.

 

The draft must be assessed and approved by Prime Minister Matteo Renzi’s government, the initial review could happen shortly but the whole process is expected to take between four and six months.   

 

The proposed gross profits taxes for each vertical will be:

Amusement with prizes (AWP) machines - 60%

Video lottery terminals (VLT) - 50%

Sports betting - 20%

Bingo - 42%

 

The current gross profits tax rates for the following online gaming verticals are: 

Online casino - 20%

Cash games poker - 20%

Tournament poker - 3% turnover

 

Among the other amendments to the country’s igaming regulations, licensed operators will also be hoping that changes to expand the betting list, the official list of events on which licensed operators can offer bets, will be approved.

 

The betting list changes would enable those operators to offer a broader range of bets and compete meaningfully against the unlicensed operators still accepting Italian punters. 

 

2
Source: iGaming Business
Date: February 24, 2015
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