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   Saturday, April 20 2024 
French bill about online gambling : Discussed with the Parliament

It is corroborated! Paris wants to put an end to La Française des Jeux (FDJ) and PMU’s monopoly on the sector of online games. On Tuesday, July the 21st, for the first time in the history, the French Ministry of the Budget directed by Eric Woerth is going to introduce to the Commission of finances of the French National Assembly its bill about online games. The text will liberalize only betting sports, horse-bets and poker and the other games as slot machines and table games will always be considered as illegal apart from those proposed by both authorized operators. Note that 25.000 websites propose such games every day to the French customers.

But from the beginning, the Fillon’s government was always clear concerning this opening of the market of online games which will be well supervised. He even asked an independent authority of regulation to ensure this. So, in the way to do it as expected, anything about the limitation of the part of the redistributable stakes to players hasn’t been changed. It will stay at 80% to 85 %. According to the French Budget Minister, it is also a way to avoid the players’ addiction of and to reduce advantage of those who are operating on money laundering. Let us note that the market of gambling brings back about 5 billions euro of receipts to the French State, now. Concerning the taxation, stakes will be taxed at a 7.5 % rate for bets against 2 % for poker. Licenses attributed to operators will be valid for five years.

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