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RUB30m a quarter. Tis commences in September 2021, however, there remains some uncertainty as to whether the 1.5 per cent will be taken from the deficit or from the turnover.


Dmitry Sergeev at Parimatch said: “It is still not regulated and many lawyers are reading this law and there are many ideas. Some say it is from turnover and others from deficit. And the difference is almost four times. So we are still waiting for some details and waiting for them to explain to us the situation.”


Surprisingly, despite the dire situation in 2020, contributions to sports organisations increased to RUB2.25bn in total, almost double that paid in 2019.


At the end of 2020, the contributions by


members of the First SRO of Bookmakers (Bookmakersunion.ru) for the development of professional and youth sports amounted to RUB923m (€10.25bn) - almost double figures from 2019 (RUB577.3m). Despite a drop in revenues due to the pandemic, the companies fulfilled their obligations in full.


Tis was mostly due to the change in law in September 2020, which amended the existing procedure of payments, which now includes contributions from foreign sports. Whereas the first quarter of 2020 saw payments of RUB118m, the second quarter saw payments of RUB79m, the third quarter RUB149m, whilst the fourth quarter quadrupled and saw payments of RUB577m.


Meanwhile, contributions from the SRO BK (Te


SRO Association of Bookmakers) amounted to RUB1.33bn from 11 bookmaking companies, twice as much as the RUB575.5m paid out in 2019.


Te introduction of contributions for foreign sporting events was part of changes to the Gambling Law last year. In July 2020, the Russian State Duma approved legislation (Bill 647044-7) to overhaul the sports betting industry in Russia introducing limitations on the scope of events that can be wagered upon, plus the introduction of taxes for betting on overseas events. Te measures came into effect in mid- autumn last year and the main points are:


l


Bets are limited to those organised by Russian national sports federations and professional sports leagues only.


WIRE / PULSE / INSIGHT / REPORTS P57


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