The Vice President of the European Parliament, Victor Negrescu, has proposed a harmonized tax on iGaming across all European Union countries. The measure would impose a single fixed levy on online betting and gaming operators, and the tax revenues would go to EU budget priorities such as education and youth initiatives. Negrescu believes that even
The Vice President of the European Parliament, Victor Negrescu, has proposed a harmonized tax on iGaming across all European Union countries.
The measure would impose a single fixed levy on online betting and gaming operators, and the tax revenues would go to EU budget priorities such as education and youth initiatives. Negrescu believes that even a 1% levy could bring over tens of billions of euros to the EU budget.
Negrescu stated:
“Today, the online gambling market is one of the fastest-growing digital industries, generating dozens of billions of euros, yet a significant share of these profits escapes fair taxation. My proposal is simple and responsible: a European levy on the online gambling and betting industry, applied equally to the already existing national turnover taxes, while fighting for a clear EU directive against illegal, unlicensed platforms. A coordinated EU-level tax would enable us to find a solution for the lack of EU resources by providing dedicated funding for education, skills, prevention, addiction treatment, and mental health.”
There is no formal draft bill yet, but any measure to create an EU-wide iGaming tax would mean that all 27 Member States would have to consent to the proposal.