RUSSIA

Russia to force bookies to sponsor sports

Bookmakers of the Russian Federation will be forced to signs agreements with professional sports organizations, namely all-Russian sports federations, organizing sports competitions, professional sports leagues, organizing professional sports. This is proposed in the text of the draft law published on government website.

The bill is targeted at all bookmakers regardless of the type of events they offer for betting.  It establishes a three-month transition period necessary for making changes to the rules of betting companies.

It is worth mentioning that Russian bookmakers paid 807.8 million rubles in 2018 to support sports in Russia. 2018. According to the Prime agency, this amount of payments is likely to triple in 2019.

Source: Betting Business Russia

 

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