News

Potential EU-wide gambling tax to be revisited in October

Member states must unanimously approve the next long-term EU budget by the end of 2027, but leaders hope to secure an agreement sooner to prevent the process from being delayed by upcoming elections in several member countries.

· 1 min read
Share this article
Follow us on Google
AI Summary
Sign in to listen
EU Online Gambling Tax October
Key Points
EU leaders have asked Ireland, which assumes the rotating EU presidency in July, to identify new revenue sources for the 2028–2034 EU budget by October
As of now, proposed funding options include taxes on online gambling operators, large technology companies, e-waste, tobacco products and contributions from major corporations operating in the EU
Any new taxation framework requires unanimous approval from EU member states

The European Union leaders have instructed Ireland, which takes over the rotating EU presidency in July, to propose new sources of funding for the EU budget for 2028 to 2034 by October. The leaders discussed this during a meeting in Brussels.

The initial European Commission proposal called for a €2trn ($2.3trn) budget. However, the Cypriot presidency proposed a 2% cut, sparking discussions among leaders.

Among proposed revenue sources are an EU-wide tax on online gambling operators and large tech companies. Additional options include a tax on non-collected e-waste, a share of the tobacco excise duty and an annual lump-sum contribution from large corporations operating and selling in the EU, among others.

Ireland is now tasked with evaluating which of these options, or a mix of them, has the highest chance of unanimous support from all 27 EU countries by the next EU summit scheduled for October. Any new taxation framework requires unanimous approval from EU member states.

The Union regularly faces clashes between its richest and poorest members, as the former often pay more into the budget than they receive, while the latter receive more than they pay.

To alleviate tensions and ensure fairer contributions from net payers, EU leaders are seeking new revenue sources that will not come directly from national coffers.

EU governments are required to reach an agreement on the budget by the end of 2027. However, several member countries are facing elections next year. Therefore, a budget deal would be preferred by the end of this year to avoid being held hostage to election campaigning.

The EU budget provides financing for the bloc’s policies, including support for farmers, research and innovation, educational exchange programmes and regional development across its 27 member states.

Good to know

Other developments in the EU gambling market include a new European Anti-Money Laundering Authority (AMLA) framework, which is set to be gradually implemented starting on 10 July 2027

Reaction Board

News Analysis

View All
Texas Democrats

A blue shift in Texas: What could it mean for gambling legislation?

Texas' political landscape has shifted dramatically, removing one of the biggest opponents of gambling expansion from a position of power. However, legalization remains uncertain...

4 min read • • By Marieta Lezaic
What can gambling companies learn from BlackBerry? 2

What can gambling companies learn from BlackBerry?

Who knew BlackBerry was still a tech force today? Unable to keep up the pace with mobile phone technology, the company has learned to adapt to survive... maybe even thrive.

4 min read • • By Patrick Fasolis
Codere acquisition

Codere sale: Could splitting the group unlock buyer interest?

Codere's individual business divisions are reportedly attracting greater interest from potential buyers than the group as a whole. Following years of financial restructuring and a successful turnaround, can its investors finally cash in on the recovery?

4 min read • • By Marieta Lezaic

In The News

View All