Italy has the second largest online gambling market in Europe, and has had a significant impact on the global gambling culture. The gambling industry is regulated by the Italian government, and in the last decade, its revenues have increased 25 percent. The government is committed to keeping the gambling market open to new operators, and it's working to make it more attractive and profitable for Italian citizens.
To start a new gambling business in Italy, you'll need to obtain a license. This process is a little bit tricky and requires paying a one-time fee of EUR300,000, but with detailed info at https://norskecasinoportal.com/maria-bingo/ you can do it with ease. Once you've completed all requirements, you'll have 90 days to finish the application process. Italian gambling laws require offshore operators to meet certain requirements before they can be licensed, including financial, technical, social, and business requirements.
Gamblers who win more than EUR500 will have to pay tax on their winnings, but it's estimated that the tax will rise to 10% in the coming years. The government also plans to increase taxes on lottery winners' winnings to 8% of their earnings. This tax will be paid by the players themselves, while foreign players will pay a minimal amount.
Black market accounts for 23% of money wagered in casinos in Italy
The black market has become increasingly popular throughout Europe. In France, Italy, and Norway, it accounts for 23% of all money wagered in casinos. The black market is a problem that has led to tighter gambling regulations. The BGC has called for the government to focus on child protection in its Gambling White Paper. The group warns that if gambling regulations remain as restrictive as they are today, it will only lead to more illegal gambling.
Italy's iGaming industry is experiencing growth. The market was worth $102 billion in 2013, up from just under $96 billion in 2007. It experienced a 12.3% CAGR between 2007 and 2013. The growth has been driven by new products with higher payouts and a wider distribution network. The Italian state has also partnered with operators to promote social initiatives and responsible gaming.
The Italian gaming market is regulated by the Agency of Customs and Monopolies (ADM), which is responsible for overseeing the gambling market. The Agency has recently allowed online gambling sites to obtain an ADM license, which means they must be governed by the laws.
Recent reforms to gambling laws in Italy
The Italian government is trying to reform its gambling laws, but the process has taken longer than expected. Last December, the Ministry of Economy and Finance published plans to overhaul market safeguards. But lawmakers were unable to pass the reforms by the deadline of 2021. Now, it's unclear whether or not gambling reforms will be enacted in the near future.
In recent months, Italian authorities have ramped up their enforcement efforts. It is estimated that one underground gambling room is discovered every three days. This year, there were 145 investigations by police, and over 1,000 people reported to law enforcement. The number of reported cases was up from 493 last year. The recent crackdown has made life difficult for concessionaires. This makes the need for a harmonised legislative framework all the more important.
The Italian gambling industry is one of the largest in Europe, but the legislation has historically been fragmented. Several times, attempts were made to reform the sector, but the initiatives have failed. This year, Italian regulators hope to reform the gambling laws and make the sector more transparent.
Online casinos that accept Italian players
If you're an Italian player looking for an online casino, you've come to the right place. Here at https://norskespilleautomater360.com/ you'll be able to play at many of the best casinos that accept Italian players. These online casinos are licensed in Italy and accept players who are at least 18 years old. In addition, you can play any game that you want at these online casinos. You can even play games developed by top developers in the industry.
Italian online casino players can enjoy a variety of welcome bonuses that come with different levels of play. The most popular welcome bonus is a deposit bonus of up to 300% of your initial deposit, which can be spread over several deposits. Other types of bonuses include deposit match bonuses and fixed bonuses. A no deposit bonus will require you to verify your identity before you can access the bonus money, while a deposit bonus will require you to make a minimum deposit to receive it.
The most popular games that Italians enjoy at online casinos are slot games. They have simple mechanics, but high payout potential. You can also find many table games in Italian online casinos. These games include the basic versions of popular table games and unique online variations. Video poker games are also popular among Italian players.
Eleena Timmons