Internet Gambling Declines in Italy Due To High Taxation
A report carried out by the Bruno Leoni Institute has found that high taxation rates on legalised internet poker sites in Italy are the second highest in the world, and it is having a negative effect on the online poker industry.
Over the course of the last two years, the popularity of online poker has been declining at legalised internet gaming sites, and they believe it is because the taxation rates are just too high. By having to pay out such a high taxation rate on poker tournaments, Italian operators make much less profit and; therefore, do not have as much money to reinvest into new games, promotions and bonuses for their players.
They believe that their members are being unknowingly lured to illegal online poker sites that are able to offer a better deal as they are not paying the same tax rates.
They wish for the online gambling rates in Italy to be lowered, so that they can once again offer competitive rates for their players, which in turn should keep them away from illegal sites.