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EGBA Supports Changes to Poland’s Tax Base for Online Sports Betting

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According to a new opinion paper by Professor Konrad Raczkowski, Poland’s former finance minister, replacing Poland’s high turnover-based tax for online sports betting with a tax based on gross gaming revenue (GGR) would contribute to a more viable and attractive online gambling market for the country’s sports bettors and raise more tax revenues for the state.

The EGBA supports changes to Poland’s tax base for online sports betting and the introduction of a sensible GGR-based tax in the country.

Poland’s current 12% turnover tax on online sports betting, equal to a 55-65% GGR tax, is one of the highest online sports betting taxes in the EU. According to Professor Raczkowski, only 2 out of the 20 companies which hold online sports betting licenses in the country turn a profit. As a result, over 20% of Polish bettors use websites which are neither licensed, regulated nor taxed in Poland, which is one of the lowest channelisation rates in Europe.

To correct this, Professor Rackowski recommends a GGR tax of around 20% to “achieve a real decrease in the size of the shadow economy [grey market] in Poland’s bookmaking industry”. The EGBA believes that such a GGR tax rate is sensible, in line with other European countries, would reduce offshore gambling, by providing Polish sports bettors with more choice locally and incentivising most of them to play with Poland’s regulated sports betting websites, and consequently generate more tax revenues for the state.

Evidence from other European countries (and the US) shows that a sensible GGR-based tax of around 20% is a pre-requisite to ensure that an online gambling market is viable: that most of a country’s bettors play within the regulated environment, on websites which are licensed in that country, and apply its consumer protection measures for online gambling. EGBA also believes that a multi-licensing regime for online casino and poker in Poland, which is currently provided by a monopoly, would also help better meet the needs and expectations of Poland’s bettors.

“EGBA welcomes the ongoing discussions on the future of Poland’s online gambling regulation and supports changes to the tax base for online sports betting. The current turnover tax is punitively high and not conducive to a viable online gambling market which meets the needs and expectations of Polish players. Poland is a large gambling market and has a great love for sports, and a sensible GGR-based tax would be an incentive for virtually all Polish players to play with regulated websites and for more of Europe’s betting companies, including EGBA members, to consider applying for an online sports betting license. These companies would not only support Polish sports through sponsorships and other revenues, but also pay gaming taxes and contribute to a more viable market which is attractive to Polish bettors and offers them a safe and regulated environment to play in,” Maarten Haijer, Secretary-General of EGBA, said.

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Spinosaurus – The Thrilling New Slot Game from PopOK Gaming

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PopOK Gaming is thrilled to announce the release of its newest slot game, Spinosaurus – a captivating 3×5 slot that transports players back to the thrilling age of dinosaurs!

With vibrant, colorful visuals and dynamic gameplay, Spinosaurus features the iconic, mighty dinosaur as your guide on an adventurous quest for massive wins. Players can immerse themselves in prehistoric excitement while aiming for incredible rewards.

Key Features:

In the Bonus Game, players encounter the fierce Spinosaurus, spinning for multipliers, free spins, and other exciting rewards. For those eager to jump straight into the action, the Buy Bonus feature lets players skip right into the heart of the adventure for even more fun and potential rewards.

Whether chasing big wins or exploring the ancient world of dinosaurs, Spinosaurus offers a truly wild and exhilarating gaming experience.

Game Overview:

  • Provider: PopOK Gaming
  • Game Name: Spinosaurus
  • Game ID: 134
  • Category: Video Slot
  • RTP: 96.20%
  • Hit Frequency: 37.72%
  • Max Win: 2,500x total bet
  • Volatility: Medium
  • Min/Max Bets: 0.02/100 EUR
  • Release Date: October 18, 2024

Dive into the prehistoric era and experience the thrill of Spinosaurus today! Visit popokgaming.com to learn more or contact your PopOK Gaming account manager to add this exciting new game to your platform.

The post Spinosaurus – The Thrilling New Slot Game from PopOK Gaming appeared first on European Gaming Industry News.

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Evoplay expands Italian footprint through strategic partnership with Domusbet

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Evoplay, the award-winning game development studio, has taken its content live with Domusbet, further strengthening its presence in the Italian market.

The integration features 32 of Evoplay’s premium slot titles, including Budai Reels Bonus Buy, Hot Volcano, and The Greatest Catch Bonus Buy that have proven popular with local players.

Renowned for its innovative approach, Evoplay’s titles aim to enhance player retention and engagement, providing a distinct competitive advantage to operator partners in the Italian market.

Domusbet offers a premium online casino in Italy and with a growing customer base, the collaboration sees Evoplay reach a new audience in the country where it has been live for several years.

The partnership reaffirms Evoplay’s commitment to becoming a leading supplier to the global iGaming industry and follows a number of prominent commercial deals that have seen the studio expand its reach in key markets.

Ihor Zarechnyi, CBDO at Evoplay, said: “Partnering with Domusbet is an exciting opportunity for Evoplay as we expand in Italy.

“Domusbet shares our commitment to quality and player satisfaction, making this a natural fit. We’re delighted to bring our games to a new audience and look forward to a successful collaboration.”

Francesco Di Paola, President of Domusbet, added: “We are excited to bring Evoplay’s cutting-edge games to our online casino.

“This collaboration reflects Domusbet’s commitment to providing our players with top-quality entertainment and an innovative gaming experience. With Evoplay’s popular titles now available, we’re confident our players will find a new level of engagement and excitement on Domusbet.”

The post Evoplay expands Italian footprint through strategic partnership with Domusbet appeared first on European Gaming Industry News.

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BETFRED LAUNCH NEW STUDIO AND LIVE PRESENTERS FOR EXCLUSIVE NUMBERS GAME

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Bookmaker Betfred have launched a brand-new studio and live presenters for their exclusive numbers game ‘Nifty 50.’

The ‘Nifty 50’ is a fixed odds numbers game featuring five live draws a day with a jackpot of 5 million pounds for every draw.

The exclusive product now has a new hi-tech purpose-built studio at their head office in Birchwood, Warrington. The new studio is part of a major refurbishment project at Betfred’s headquarters.

Plus, for the relaunch Betfred have employed two new presenters Joshua Littlehales and Grace Constantinou.

Joshua Littlehales who has worked for Tameside Radio and LADbible said, “The new studio looks amazing, and I feel impressed each time I step inside. I feel excited to call it my professional home.”

Grace Constantinou who is a Media and Performance graduate from Salford University added, “I saw the studio when it was dust and walls and now to see it completed its very impressive.”

Betfred boss Fred Done said, “The whole idea behind Nifty 50 is for customers to win big for small stakes, and to now promote it with a purpose-built studio and live presenters I am delighted.”

Betfred commissioned Paul Sudlow to be the production designer, he came in with a wealth of experience having recently worked on ITV’s Euro 2024 studio in Berlin and the Rugby Union World Cup in 2023.

The screens and lights were provided by Whitelight based in Wimbledon while Monkey Scene provided the set construction.

The exclusive Nifty Fifty draw can be viewed five times a day in Betfred’s shops, online and at youtube with BetfredLotto.

 

The post BETFRED LAUNCH NEW STUDIO AND LIVE PRESENTERS FOR EXCLUSIVE NUMBERS GAME appeared first on European Gaming Industry News.

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