News Punters and Online Operators Escape Italian Tax Hike

Punters and Online Operators Escape Italian Tax Hike


Online gambling operators and punters seem to have escaped the brunt of the Italian government’s new tax hike on the gambling industry, for now at least.  

Earlier this week, the Five Star-PD coalition, which emerged from the political chaos of the summer, finalised its Budget Plan and referred it to the European Commission for approval. The plan had undergone significant changes right up to the last minute, but it has been reported that it includes plans to raise €650 million in new tax revenue from the gambling sector.  

Much of that money is set to come from a rise in taxes on revenue that accrues from amusement games (AWP) and lottery terminals (VLT). The tax rate on AWP products is set to rise from 21.6% to 23% while VLT operators will be hit with a rise from 7.9% to 9%.  

According to government figures, this will enable the government to raise around €500 million, but operators who work in the physical gambling sector in Italy have been quick to point out that the lower tax rates, which are now due to be increased, had not yet come into effect, having been first announced in the summer of 2018 by a previous government and schedule for January 1, 2020.  

The good news for online punters is that it appears a planned tax on gamblers’ winnings did not make the final draft of the Budget Plan, although it remains to be seen whether operators hit by the physical gaming tax rise will pass some of the cost onto punters. And it seems clear that the government has targeted the gambling industry as a whole as it seeks to stabilise the Italian economy, making industry conditions for gambling operators in Italy as tough as it has been at any time since the gambling market was liberalised in 2010.  


Please enter your comment!
Please enter your name here

Latest news

ITV to Stage Virtual Grand National

Horse racing fans will still be able to watch one of the world’s most prestigious races, albeit in...

New Rules for Gambling Companies in Denmark

Gambling operators with a license to provide services to Danish customers will face tougher restrictions on advertising from...

Racing Post to Halt Print Version

The COVID-19 crisis has not spared the betting sector, and sports betting fans are having to adjust to...

Irish Racing Succumbs to the Inevitable

The COVID-19 pandemic has forced the shutdown of one of the few high-profile sports in Europe with the...

Cagliari Deal with K8

Serie A football club Cagliari has signed a deal with an online gambling company, despite the increase in gambling restrictions announced...

Betting Shops to Close

The betting industry was dealt another blow by the Coronavirus on Friday when the UK government announced that...

Must read

Guide to Online Casino Bonuses

Anyone who has visited an online casino site...

The online casino sector is one of...

You might also likeRELATED
Recommended to you