French Taxman's Take A Little Down On Internet Gambling

Sportsbetting saves the day in La Belle France

The French taxman had to be satisfied with a slightly lower boost from online gambling last year, taking in Euro 325 million (2012: Euro 327 million), according to numbers released by the French regulator ARJEL.

It could have been worse if sports betting hadn't saved the day with a larger contribution to taxes due to a late 41 percent surge in the last quarter, which generated stakes of Euro 264 million.

Overall, parimutuel horse racing delivered taxes of Euro 160 million; online poker contributions were lower at Euro 86 million and sportsbetting drew tax of Euro 79 million.

During 2013 the weak online poker performance numbers had been preparing the French taxman for the bad news, which by the end of the year saw cash game stakes down 18 percent to just over a billion Euros.

Online Casino News Courtesy of Infopowa

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Casinomeister

Casinomeister

The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.
bryan@casinomeister.com

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