Target deductions of bookmakers can be 1% of revenue - the RF Ministry of Finance

The Ministry of Finance of the Russian Federation initiated amendments to the bill on sports support bookmakers.

Target deductions of bookmakers can be 1% of revenue - the RF Ministry of Finance

According to the changes, it is proposed to obligebookmakers and sweepstakes to make targeted payments to the federal budget of the Russian Federation in the amount of 1% of revenue for the quarter. Revenues are considered as the total amount of accepted rates within 3 months.

Earlier, the Ministry of Finance initiated amendments to the draft lawabout the support of sports by bookmakers, proposing to set target payments in the amount of 3% of the profit. In turn, this caused criticism from representatives of the bookmaker business, in particular, Oleg Zhuravsky said about the possible complete elimination of the market when the initiative is approved.

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