RUSSIA

Russian MPs want the bookmakers to pay more to youth sports

According to Chairman of the State Duma Committee on Physical Culture, Sports, Tourism and Youth Affairs Mikhail Degtyarev, the amount of money paid by bookmakers for the development of youth sports needs to be increased. The announcement was made during the round table “Sports and Gambling”, which was held on October 14. The event was attended by representatives of the Ministry of Finance of Russia, the Federal Tax Service and bookmaker associations.

“We are facing the issue of a fair distribution of deductions made by bookmakers. In my opinion, 20% for youth sports is not enough. By adopting the law in such proportions, we expected to interest leagues, federations and business structures to cooperate, to integrate into this process. However, it is necessary to gradually revise this proportion in favor of increasing the share of deductions for the development of youth sports,” Degtyarev said.

During the round table, the participants discussed proposals in the field of regulation of gambling, as well as proposals for improving the legislation regarding the procedure for directing the income received by the organizers of gambling in betting shobookmakers to finance the development of sports.

Now bookmakers deduct 5% of the income for the development of sports. Of these funds, 20% should go to the development of youth sports, and 80% go to support professional sports. In practice, the law allows the bookmakers to choose the direction of the targeted deductions themselves. As a rule, the decision is made in favor of the most popular sports and sports organizations.

 

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