Portugal Proposes Online Gambling Legislation

Published Thursday, August 07, 2014 - Online-Casinos.com
Portugal Proposes Online Gambling Legislation

The future of online gambling is being decided in many jurisdictions in Europe in countries such as Portugal which is yet to regulate the activity. The European Commission recently introduced the first recommendation on the principles required for the protection of consumers of online gambling products and services. The recommendation will allow Portugal to be more prepared for the regulation of the online gambling market in that country.

Many professional poker players have relocated to Portugal lured by the lack of taxes imposed on online gamblers. The situation is about to change soon once the regulations are established by late 2014.  Tax from online gaming and online betting’s gross revenues is reported to be set at 15 to 30 percent.

Sports bets and horse racing, the tax proposed will be set from 8 to16 percent depending on the volume of wagers. Before the recent parliamentary recess, the Portuguese governments had passed a draft bill in the Council of Ministers. The government has a six-month period to fully implement the regulation of its domestic online gambling market with the focus on tax changes.

The Portuguese authority Inspecção Geral de Jogos” will be in control of the online gambling market regulation in Portugal. The three year licenses to operate granted by the IGJ will require a deposit of € 600,000 which does not include any technical, financial or administration application fees. The proposed online gambling bill presented must have the domain name registration “PT. ” Online poker varieties such as Texas Hold’ em,  Omaha, Sintetico and others will be authorized as well as Blackjack and other casino style games. The online gambling bill in Portugal is expected to be compliant with the European Commission recommendations and be competitive enough to attract online gamblers hailing from Portugal. The Secretary of State for Tourism Adolfo Mesquita Nunes speaking after the cabinet meeting, said the government intended to create a licensing model for operators.

 

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