France Moves to Legalize and Tax Online Casinos
The government aims to generate €834 million by regulating a previously illegal market, despite opposition from traditional casino operators.
- The French government has proposed an amendment to legalize and tax online casinos at 55.6% of gross gaming revenue.
- France and Cyprus are the last EU countries where online casinos remain illegal, leading to a thriving black market.
- The move is expected to curb illegal gambling and increase public health safety, according to government officials.
- Critics, including local mayors and traditional casino operators, warn that legalization could harm local economies and tourism.
- Supporters argue that legalizing online casinos addresses the reality of a growing market with millions of French users.