The First self-regulated bookmaker’s organization of Russia representing Russian betting companies has sent a proposal to the Government of the Russian Federation aimed at stabilizing the situation in the bookmaker industry.
Due to the СOVID-19 pandemic and a temporary moratorium on sporting events, the Russian bookmaker market for the first time in its history may show a 50% drop in 2020.
In order to protect the support of sports by the Russian betting business during the period of quarantine measures, the First self-regulated bookmaker’s organization of Russia proposes not to require betting companies to pay the minimum total amount of 15 million rubles, as well as not to apply administrative responsibility measures for betting companies violation of the requirements. It is worth mentioning that according the law Russian bookmakers have to pay 15 million rubles annually to sports organizations.
According to the message addressed to the government, the main goal of the betting operators at the moment is to stop decline of the betting market down, to save jobs and wages to employees.