- Land-based slot machines halls, - Land-based sports betting shops.
u
B2B services provision – live dealer licence.
TAXES AND FEES PAID UNDER GAMBLING LAWS
u Online gambling – 12% GGR per month. u Land-based casinos:
- US$40,000 per roulette gaming table per month,
- US$40,000 per card and dice games per month,
- US$7,270 per slot machine per month. u
Land-based sports betting – 15% GGR per month.
u u
Slot machines halls – US$7,270 per slot machine per month.
Additionally, there is a player winning tax: u
Gambling winnings up to US$3,500 per year are tax-free.
u Te portion between US$3,500 and
US$123,000 is taxed at 25,5%, u
Any winnings above US$123,000 are taxed at 33%.
GOVERNMENT AUTHORITIES
Lotteries and Gambling Supervisory Inspection. Website:
https://www.iaui.gov.lv/lv/pakalpojumi
NO. OF LICENCES ISSUED u
20 gambling licenses. u
257 land-based gambling venues licenses:
- 177 slot machines halls, - 78 sports betting shops, - two casinos,
Six B2B licenses.
COST & TERMS OF THE LICENCE u
Gambling licence (indefinite term with annual prolongation payments):
- Online gambling licence issuance fee (separately from land-based) –
u u
US$234,500, or (together with land- based) – US$500,600, and annual prolongation – US$52,700.
- Casinos, slots, and betting license issuance fee – US$500,600, and annual prolongation – US$52,700.
Land-based gambling venue (indefinite term with annual prolongation payments):
- Land-based casinos license issuance and prolongation fee – US$35,100,
- Land-based slot machines halls license issuance and prolongation fee – US$5,200,
- Land-based sports betting shops license issuance and prolongation fee – US$2,300.
B2B services provision (indefinite term with annual prolongation payments):
- Live dealer license issuance and prolongation fee (if more than 25 slot machines / gambling tables are provided) – US$470,000,
- Live dealer license issuance and prolongation fee (if fewer than 25 slot
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