Italy Plans To Restrict The Number Of Online Gambling Licenses To 50 By 2023

Italy Plans To Restrict The Number Of Online Gambling Licenses To 50 By 2023

The Italian 5Star-DP coalition government has revealed plans to limit the number of online gambling operators in the country. The government plans to restrict the total number of online gambling licenses to 50 by 2023, as revealed in the 5Star-DP’s first Budget Law decree.

Currently, there are 85 licensed operators in the country. The new proposal to limit the number of licenses was announced by the country’s ADM customs and monopolies agency, the government body which is tasked with monitoring regulatory frameworks related to the country’s gambling industry.

The agency is already working on a new 2023 licensing framework for online gambling incumbents. The incumbent operators would be charged €2 million for acquiring or renewing their digital concessions.

As a part of the massive overhaul of the Italian gambling industry, the government also plans to limit real gambling to 250,000 slot machines, 58,000 video-lottery terminals, 35,000 bars, and tobacconists and 2800 gaming halls.

Last month, the government in Italy announced further tax hikes which would impact the customers of gambling operators in the country.

According to the reports in the local media, the government plans to increase the tax rate on large lottery jackpots–defined as those over € 100 million–from the current 12% to 23% in 2020 fiscal.

It is also reported that the government will be introducing a new 12 percent tax on gamblers ‘ winnings below € 500. Statistically, this winning also comprises the majority of the punters’ winnings and which is not taxable at present.

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