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EU Commission Prepares Assessment of 1% Online Gambling Tax, Estimated to Raise €2-4B Annually

GateNews
According to SBC News, the European Commission is preparing a formal assessment of a proposed 1% online gambling tax on June 25, a levy that could raise between €2 billion and €4 billion annually, according to estimates by the Socialists and Democrats group. Romanian MEP Victor Negrescu, a vice president of the European Parliament, first proposed the tax in February as a new "own resource" for the EU budget, with proceeds earmarked for education, youth, mental health, and addiction prevention. Malta, where gambling accounts for roughly 10% of GDP, has opposed the measure on fiscal sovereignty grounds, while the European Gaming and Betting Association has also criticized the proposal. An agreement on the tax is targeted for late 2026.
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