RF State Duma: a draft law on advertising betting offices has been prepared

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The Russian government will review a draft law on amendments to the Federal Law "On Physical Culture and Sports in the Russian Federation", which includes advertising of betting offices.

Госдума РФ: Подготовлен законопроект о рекламе букмекерских конторThe new draft law on amendments to the Federal Law "On Physical Culture and Sports in the Russian Federation" has a number of amendments relating to betting offices, namely - their advertising.

The following amendments are listed in the draft law:

  • Betting offices in Russia are allowed to be advertised only during live matches broadcasts. The duration of such advertisement should not exceed 20% of the total duration of the sporting event
  • Betting companies are obliged to transfer 5% of their income to support Russian sports on a quarterly basis. The minimum amount of transfer under one contract is RUB 3 mln. (USD 44 thousand), at least RUB 15 mln. (USD 218 thousand) – by a quarter.

The draft law does not provide for betting offices advertising in the press and on websites.

For information, Russian government has also prepared a draft law on the imposition of a tax on winnings in betting shops. According to experts, this law will negatively affect the industry, since many betting offices will work underground.