The Ministry of Finance proposed the bookies to give half of revenue in the budget – RBC

the Finance Ministry proposed to consider the revenue of all the accepted betting, bets, and contributions from the rates to be set at 3% of revenue bookmakers for the quarter. This is stated in the draft amendments of the Ministry in the bill about gambling, the newspaper “Vedomosti”.

Deductions the Ministry of Finance proposes to send to the Federal budget. Public discussion of amendments of the Ministry of Finance will last until the second of November.

According to the Chairman of the betting company “League betting” Oleg Zhuravsky, the Finance Ministry proposes the bookies to give almost half of income as the average income of the bookie is 5-7% of the successful bids. Of those 5-7% bookmakers pay salaries, taxes, rent, etc., “If they take a significant portion of any money the industry will pay the taxes?” — said Zhuravskii.

Chairman of the Board of the self-regulating organization “Association of bookmakers” Nikolay Oganezov has also confirmed that the yield of bookmakers is approximately 5-7% of the received money, the newspaper said.

“On the bill, which introduces the collection with the organizers of gambling, I know, but no one discussed the matter, very sorry, — he says. — We with pleasure would participate”. Thus, according to Oganezov, the rate of contributions and the base from which the government will collect royalties, are constantly changing. The numbers in the 10%, 5% and 3% — very high, said Oganezov. “The collection can be considered heavy, and I would call it repressive”, he added.

If the Finance Ministry’s proposals will remain in its current form, up to 25% of all operators will leave the market, said Oganezov.

the Ministry of Finance proposed amendments to the draft gambling law, which was submitted to the state Duma in the end of June 2016. According to the initial proposal of the government, the bookies have once a quarter to make target allocations of 5% of revenue in the quarter, but not less than 15 million rubles In income means the difference between betting at the bookie paid winnings. The bill is intended to help increase “the income of subjects of activities, including extra-budgetary, activities of bookmakers and sweepstakes and conduct national lotteries,” reads the explanatory note, write “Vedomosti”.

in addition, under the first sentence, the bookies will “Finance the activity of the subjects of sport”, that is, to pay contributions under agreements with some sport federations, professional sport leagues or “other organizers” of sporting events.

According to Zhuravsky, the last version of the bill was discussed with the industry, she gave suggestions. “Up to 3% of the entire set of bets net of winnings. This is the only way a business can function effectively and generate income for the government, the bookies,” — said Zhuravskii.