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Italy Considers To Increase Gambling Tax

The Italian government has decided to improve its state budget by proposing a “maxi tax” on big winnings on lottery games. According to this new tax, all players who win big on the lottery (100 million euros and more) are required to pay a 23% tax on winning. Although the maxi tax hasn’t been established yet, there is a 12% tax that big lottery jackpot winners are required to pay.

All of this was inspired by a big win (209 million euros) that an anonymous player achieved on SuperEnalotto, a popular Italian game developed by Sisal.

The player is, according to the laws in place, required to pay EUR 12 million to the state. If the maxi tax was in place, he would be required to pay EUR 40 million of the total amount won.

Italy is not faring well in front European Commission, and it is known that its deficit is crippling the economy. So, one of the solutions was to increase the tax on gambling and online sports betting. That includes maxi tax too.

From January 2018, Italian online casino operators must pay a 25% tax on GGR (5% more than last year). The Tax for online sports betting operators increased by 2% and it stands now at 24%. Also, retail betting taxes went up for 2% and are now 20%.
There is speculation that the government wants to increase the tax of small wins in cards too.

Source: https://lcb.org/news/italian-government-plans-gambling-tax-increase-in-order-to-secure-2020-budget

About the author

Aleksandar Krstic

Aleksandar Krstic

A bachelor of journalism, he spent most of the time of his ongoing career as a custom content creator. Experienced in reporting and information gathering, after finishing his contract in a local news agency, Aleksandar began writing for clients outside his native country. Fluent in English, he wrote various types of content, his work ranging from affiliate articles to news reports and creative stories. Aleksandar spent most of his time writing extensively on a myriad of topics, including history, science, technology, esports, culture (both traditional and modern) and arts.

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