The horse racing industry is standing up against possible taxation of betting

The horse racing world refuses to be restrained and intends to move up the ranks. The entire industry denounces a choice that it considers “deadly” by the government, that of increasing the taxation of betting via an amendment to the draft Social Security budget. A tax “which jeopardizes the activity of several hundred agricultural players, breeders, and trainers”, assures the sector.

A growing anger that the Minister of the Budget, Laurent Saint-Martin, tried to calm down. The latter indicated on Sunday, interviewed during the program Sunday in politics on France 3, that he did not want the horse racing industry to be taxed. “I hope that the owners, all those who make up the equestrian life of our country, can be protected from taxation which would prevent them from working,” he added.

Advertising, online poker, certain casino games too

The amendment tabled on Monday, however, plans to increase the tax from 6.9% to 7.5% on gross revenue from horse racing betting games placed in the physical network (PMU, racetracks) and from 6.9% to 15%. for online betting. It also plans to increase the taxation of advertising and promotional offers from operators, the gross proceeds of certain casino games, online poker and physical sports betting (from 6.6% to 7.6%) and online ( from 10.6% to 15%).