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Poland’s regulated betting industry sees 10% fall in tax contribution for first half of 2020

Posted:: Aug 18, 2020 15:19 Category: Casino , Europe , Posted by
sw

Poland has seen its gaming tax contribution fall 10% after the sporting calendar was significantly reduced and betting shops closed 

 

Poland’s gaming tax income fell by more than 10%. The first six months of 2020 saw just $92 million USD in income.

 

The regulated sports betting industry had a tough year after the sporting calendar was significantly reduced and betting shops closed due to the pandemic. In the second quarter of 2020, the industry took a big hit which resulted in a 30% decline.

 

Licenced gambling turnover in Poland still behind the illegal ... STS used this as an opportunity to consolidate its leading position. The company grew its market share to approximately 50% according to the Polish sports betting operator association Graj Legalnie 

 

The association said that this represented a 4% improvement on Q2 2019, and showed that the business had successfully adapted to the circumstances. The second-placed, Fortuna Entertainment, saw its market share decline to 25% of industry’s revenue.

 

Forbet followed in third place. LV Bet, Betclic Everest Group’s Betclic brand and Betfan followed with each accounting for 3% of second quarter revenue, while E-Toto, Totolotek, Totalbet, Superbet, Ewinner, Pzbuk and Noblebet collectively accounted for the remaining 9%. 

 

Graj Legalnie said that the betting industry was badly hit by Covid-19 disruption and thus they were campaigning to reduce turnover tax from 12 to 10%. They further said that the pandemic is likely to accelerate the industry’s shift online with some bookmakers already generating as much as 85% of their revenue online. 

 

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