Latest News

MEP Negrescu: A European Tax on Online Gambling Could Bring Billions for Education

 

Romanian MEP Victor Negrescu resumed in the European Parliament plenary session the proposal for a European tax applied to the online gambling and betting industry, with funds directed towards education and addiction prevention policies.

The MEP said that the idea is gaining more and more support at the European Union level and targets one of the most dynamic digital industries in Europe.

“The online gambling market is one of the fastest growing digital industries, generating tens of billions of euros annually. However, a significant part of these profits escapes fair taxation, and the rules remain fragmented at European level,” he said.

His proposal provides for a European contribution applied on top of existing national taxes on turnover, a directive against illegal platforms and a uniform application of the rules to avoid distortions and unfair tax competition.

According to the estimates cited, the measure could generate between 2 and 4 billion euros annually, “which would mean up to approximately 28 billion euros over the duration of the future long-term European budget”.

“It is a question of fairness. This industry benefits fully from the single market, the European digital infrastructure and cross-border access, but it still operates under uneven rules and with an insufficient level of control. Europe needs its own credible resources. These funds could go directly to education, skills training, prevention, addiction treatment and mental health. If we want a Union that invests in people and in the future, we must have the courage to rethink the sources of financing,” Negrescu said.

With a career spanning over a decade, Niji Narayan is a cornerstone of the HIPTHER editorial team, serving as a Senior Editor for EEG (Expertise & Evolution Gaming) and Gaming Americas. A graduate in Physics with a Master’s degree in Communication and…

Related Posts

Load More Posts Loading...No More Posts.

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.