Russia’s state Duma has passed a bill to tax bookmakers 5 percent or revenues each quarter, with proceeds going to the development of sports. According to the bill, deductions should not be less than 15 million rubles (US0,723) four times a year, reported the Asia Gaming Brief.
The legislation will give bookies broad promotional rights, permitting them to advertise in sports media, match broadcasts, at stadiums and on athletes’ uniforms, AGB reported.
Darina Denisova of the Bookmakers Self-Regulatory Organization applauded the measure, saying that industry representatives “have for a while been ready to invest hefty sums in their promotion.”
The bill now heads for final approval by the Federation Council and President Vladimir Putin.
