There is a new tax on sports betting

Do you know that the American government, at the hands of Parliament, has launched a new temporary tax of 0.5% on sports betting, virtual and otherwise?

What does a temporary tax mean and when it arrives

This is a novelty published in the Official Gazzettino at the end of May and ready to enter into force as soon as validated in the Senate: this new tax is actually part of the wider package of interventions appointed "Relice Decree", wanted by Prime Minister Giuseppe Conte, for Come on the Covid-19 emergency that we all know well for the serious impact on our country.

This new tax will precisely do its part within the decree with the aim of helping to financially revitalize the world of sport, strongly involved in the crisis generated by the recent pandemic and very affected on the economic level, especially in reference to minor sports And to lower professional series. If it will have consequences? Certainly online casino with excellent sportbooks such as Betatomic They will contribute a lot to the cause.

How was the news from the Gambling industry welcomed?

The approval of this tax by Parliament, which is simply assigned to all the others who already weigh on the world of Gambling, was accepted with different doubts by the main representatives of the game industry, in turn much proven by the situation that came to create in recent months.

Sports bets naturally experienced the cancellation of all the championships and international events, to the point that between March and April 1920s, they saw the revenue collapsed by 72%.

The impact of this economic shock, combined with the general uncertainty linked to the times and ways in which the actual recovery of all events will take place, has left more than some doubts about the opportunity to further affect the tax burden, all the more Considering that the receivers were authorized to reopen only on June 14th.

With this new tax, our country, at least on the European level, becomes the one that the most tax the betting industry within its national borders, reaching 24% on online betting, 22% on digital games and 20% on Retail.

Our conclusions

At this point, only the validation of the Senate is expected to see this new tax actually enter into force, after which it will not be able to understand what the effect on an already proven industry like that of gambling will be.

The hope is that in any case it can contribute to an effective relaunch of USA, especially in an unprecedented situation such as this in which all commercial sectors are more than ever connected to each other.