The European Gambling and Betting Association (EGBA) expressed concern over Denmark’s plans to change its taxation since the Danish government aims to raise gross gaming revenue tax from 20% to 28% by 2021.
Such an increase could harm channelization and aid illegal offshore gambling. H2 Gambling Capital reported gross gambling revenue for the licensed operators already dropped by 17% in 2020. And in January, the country’s gambling market had to deal with limited deposits.
With the new tax, it’s likely that by 2024 channelization will drop to 76% from the current 88%. Revenue for operators would also drop by 25%, losing 4.5 billion Danish Kroner (£537.512 million).
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