The media learned about the plans to increase the tax on casinos and sportsbooks ten times

Russian Finance Ministry proposes to significantly raise taxes for the gambling companies. As has found out “Kommersant”, fees from the gambling business is expected to immediately increase tenfold. In addition, with the bookmakers plan to collect target payments in the amount of 10% of the online bets.

On the proposal of the Ministry publication said the source “Kommersant” in the government. The initiative is discussed under the “road map” for improving administration of revenues of the budget system. According to the publication, the bill on increasing taxes for gambling must be designed by December of this year.

Improving administration as a tool to improve tax collection in the gambling industry were discussed at the meeting with first Deputy Prime Minister Igor Shuvalov, told the newspaper the party meeting. Another interlocutor of the newspaper in the government noted that in the case of gambling we are still talking about “miserable” from the point of view of budget incomes.

Now in Russia there are four legal casino. Two of them are located in the Krasnodar region, on Altai and Primorye. In addition to these regions casinos are allowed only in the Crimea, Kaliningrad and the region. Bookmakers can operate throughout the country. Now the gambling business is subject to regional taxes. The owners of gambling establishments have to pay 7.5 thousand rubles per month for each slot machine and 125 thousand rubles per gaming table. In turn, bookmakers pay monthly 7 thousand rbl. from each point of betting.

“The increase in tax will put business to a standstill, and the development of the gambling zones will become unreasonable: they will simply be a set of temporary buildings”, — said “Kommersant” a source in one of the companies—operators of the casino. According to him, the attendance of gambling establishments is not growing, since the crisis people have less to spend on gambling.

According to the President of the First self-regulatory organization of bookmakers Oleg Zhuravsky, the revenue of bookmakers, whose number he estimated at 6 million, with last year fell by 30% on average. He predicted that with tenfold the passion of tax 30-40% of establishments will have to close. Real for the industry Zhuravsky called the rising tax twice.

At the end of December last year, President Vladimir Putin instructed the government until early June to develop a bill that would force bookmakers to direct a portion of profits from betting on sport funding. In the summer of 2015, according to the Ministry of communications, the volume of Russian market of bookmakers was about 150 billion rubles, net profit reached 2.5 billion rubles.