Reports CZECH REPUBLIC MARKET
LOTTERY GGR CZK6.2BN (17% MARKET SHARE)
LOTTERY ONLINE GGR CZK988M (2.7% MARKET SHARE)
BETTING GGR CZK1.1BN (3% MARKET SHARE)
BETTING ONLINE GGR CZK7.7BN (21% MARKET SHARE)
NO. OF BOOKMAKERS 2,188
TECHNICAL GAMES GGR CZK15.1BN (41% MARKET SHARE)
SLOTS ONLINE GGR CZK2.8BN (7.8% MARKET SHARE)
NO. OF SLOT HALLS 582
NO. OF SLOTS 36,800
TABLE GAMES GGR CZK2BN (5.7% MARKET SHARE)
TABLE GAMES ONLINE GGR CZK223M (0.6% MARKET SHARE)
NO. OF CASINOS 580
“To limit the financial impact of these restrictions we have been working to drive online sales across all our markets. Tis includes the introduction of new digital products which are being thoroughly tested in order to meet the highest standards of responsible gaming, and measures to promote our existing online and digital offerings to new customers and customer who have previously played through physical channels.” Robert Chvátal, CEO Sazka
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An increase in lottery taxation from 35 per cent to 55 per cent and an increase for live games from 23 per cent to 25 per cent. Tis option has been accepted by the committee and this recommended option will now go before the house of parliament for a vote.
per cent on the year before. Prague itself sees over eight million visitors a year, of which seven million are foreign visitors. During Q2 2020 the number of visitors dropped by 82 per cent year on year (a decrease of 4.8m guests) with around 988,000 in total.
LOTTERY TAX INCREASES
If a ban on city centre slots coupled with a pandemic isn’t enough to cripple an entire industry, then a hike in taxes might just be checkmate.
In mid November there were several draft amendments discussed by the budgetary committee of parliament regarding gaming taxation. MEPs have put forward three possible options:
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An increase in tax rates from 23 per cent to 25 per cent for off-course sports betting; totalisator games; bingo, live games; tombola and small tournaments.
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An increase in taxation from 23 to 25 per cent for off-course sports betting; totalisator games; tombola and small tournaments and from 23 to 30 per cent for live games and bingo. Te Ministry of Finance has backed this option.
P44 NEWSWIRE / INTERACTIVE / MARKET DATA
Te third option has been put forward by Pavel Belobradek, former Chairman of the KDU-CSL party and new vice-governor of the Hradec Kralove region, who wants to hike up lottery taxes in particular. He has argued that the European average taxation for lotteries is 64 per cent (total levies).
Te problem is the government needs funds in the wake of the financial mess Coronavirus has left the state. Apparently the government is looking for ways to reduce the huge deficit of Czk320bn. Belobradek says increasing lottery taxes to 55 per cent would bring in CzK1.3bn or more. He claims, unlike other sectors, the lottery was not negatively affected during the pandemic. Losses for the lottery are said to be around Czk600m compared to CzK1.2bn losses for the betting industry and CzK1.8bn for gaming machines.
Te sector has already seen tax changes over the last couple of years. Czech Republic’s Gambling Act in 2017 set out various measures including a ban on advertising gambling and new taxes for the industry and was aimed at bringing in stricter state supervision and higher taxes. Many saw this law as the government dividing the industry into what it deemed as ‘good’ gambling and ‘bad’ gambling.
Te ‘bad’ being the VLTs and AWPs, which were removed from the single site market and only permitted in larger arcades and casinos, whilst the ‘good’ gambling was sports betting, lotteries and online gambling.
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