The French Senate has passed a bill significantly raising taxes in several sectors, including gambling, according to iGB. The new regulations aim to reduce national debt and enhance funding for the country’s social sector.
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The social tax for online casinos will increase from 11.2% to 11.9%, for lottery operators from 6.2% to 7.2%, for land-based betting from 6.6% to 7.6%, and for online sports betting from 10.6% to 15%. In total, operators will now pay 60% of GGR (Gross Gaming Revenue), up from the previous rate of 55.2%.
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Operators believe this move will hinder the market’s growth. While the sports betting sector saw a 24% increase in the first half of the year compared to 2023, such growth now seems uncertain. Where is the gambling industry headed? Discover expert predictions in casino future trends. Additionally, business leaders are concerned that the new conditions could drive more activity into the illegal gambling market.
