Russia’s government has put
forward a proposal that could lead to a new 10% tax on online sports betting
sales in the country.
In a notice published this week
by Russia’s Finance Ministry, the government has outlined plans to amend
current federal law and introduce the new rate from December this year.
Details of the planned tax are
yet to be fully confirmed by the Finance Ministry, with Russian media reporting
confusion amidst operators over whether ‘sales’ refers to revenue or
The proposal will come as further
blow to online sports betting operators after Russian authorities also recently
announced a new set of fees that companies will be forced to pay in order to
accept online wagers in regions across the country.
Russia only awarded its first
official online sport betting licence earlier this year to domestic
operator Liga Stavok.
The proposed new tax rate will
remain open to public comment until May 5.
Last month, Russian gambling
operator First Gaming revealed that the amount wagered on sports in the
country’s illegal gambling industry declined in 2015, with football
leading the way as the most popular sport to place wagers on.