Italy to raise sports betting taxes this month

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Italy to raise sports betting taxes this month

Article brief provided by iGaming Business
  • Daniel O'Boyle, iGaming Business
October 4, 2022 5:40 PM
  • Daniel O'Boyle, iGaming Business
  • Italy
  • Sports Betting

Italy’s new legislative decree on sports betting – featuring a tax rise, but no new tax on turnover – is set to come into force on 28 October, having been published in the country’s official gazette.

Under Italy’s previous sports betting law, retail betting revenue was taxed at 18%, while online revenue was taxed at 22%. However, under these new rules, the tax on retail betting revenue was increased to 20%, while for online it will be 24%.

Previously, Italy had considered introducing an additional 1% turnover tax instead, but this plan was scrapped.

The law will also introduce a €1 minimum bet, while winnings for any fixed-odds bet will be capped at €50,000.