Putin signs law on the deductions in bookmaking

Putin signs law on the deductions in bookmaking

V. Putin endorsed the law on 5%-deductions in bookmaking for the benefit of sports organizations.

The document have been approved earlier by the Federation Council.

According to the document, bookmakers should donate 5% of their revenues to support professional and junior sports organizations.

The estimated amount of revenues will be at least 15 million rubles quarterly.

Besides, some constraints on the bookmaking services advertising were lifted. Details can be found — here.

By April 1st, the Government will have to approve rules on determining fees calculation. Deputy Prime Minister V. Mutko will soon hold a meeting with bookmakers to clarify details of the law.

Since the details of the new federal law are not clear, a lot of attention will be paid to its discussion at Betting Trends Forum.

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