The jointly movement of Vidal and Larreta responds to an operative logic: applying tributes separately could encourage players to move their bets to one or another district that are adjacent. Unifying criteria also facilitates fiscal and technological control.
But it also responds to a political logic defensive: together, the officials will better dilute the resistance generated by the regulation of online gambling in part of the opposition sector and, particularly, the criticisms of the Church.
The agreement for both districts to apply the same regulatory framework on the different variants of online gaming (from virtual slots to poker, through sports betting and turf, among other modalities) has already been turned from the City to the Province. It remains to define when the signature and the announcement will be made public.
The scope of the new tax on winning bets was announced two weeks ago: it is about 2% on the win of the City and Province slot machines.
In the Province they estimate that it could raise up to US$ 182m in 2019 with this new tax. In City, on the other hand, they project about US$ 52m.
However, the expected collection with the regulation of online gaming is more difficult to specify, because it will depend on many factors: from how long it will take the City and the Province to regulate the system and develop the technology for the control until how willing to pay taxes will be the more than fifteen companies (many transnational) that today operate online gaming without any regulation.
Beyond these conditions, the Province is excited to raise up to US$ 60m with the regulation of the activity. In the City, meanwhile, they estimate that they could get between up to US$ 13m.
Source: GMB / La Nacion (Argentina)
