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Earnings improve for legal bookmakers in Poland

Niji Narayan

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Earnings improve for legal bookmakers in Poland
Image Source: infobit.co
Reading Time: 1 minute

 

The newly amended Gambling Act in Poland proving to be a blessing for the legal bookmakers in Poland. Their revenue has clearly improved. Legal bookmakers had posted record earnings in 2018.

Poland has a high turnover tax of 12 per cent. It also has some restrictive provisions regarding bookmaking advertising. However, none of this hinder the growth of the betting industry. In 2018, the licensed bookmakers in Poland posted a turnover of PLN 5.1 billion. It was PLN 3.3 billion in 2017 and PLN 1.7 billion in 2016.

According to information published by the tax portal of the Ministry of Finance, the revenue from the mutual wagering tax in 2016 amounted to PLN 196.6 million. In 2017, the State Treasury recorded income higher by 210.7 million PLN (407.36 million PLN, an increase of 94 per cent year-on-year). Data for the first three quarters of 2018 indicate another increase in budget revenues—the State Treasury has been credited with the amount of PLN 445 million. The Ministry of Finance has not yet published the results for the last quarter of 2018, but crossing the barrier of PLN 600 million can be assumed. Increasing tax receipts and the growing share of the legal entities in the market are also due to the creation of the Registry of Domains Serving the Offering of Gambling Games in contravention to the Act. This register currently has 5,536 records covering companies that offer unlicensed services in violation of gambling law.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Central Europe

Totalizator Sportowy Hits PLN5.2 Billion in Overall Sales 2019

Niji Narayan

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Photo source: livecasinoreports.com
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Olgierd Cieślik, the President of Totalizator Sportowy, has announced that his company’s new Total Casino product had returned profits of PLN48m to the government since the site’s launch in December 2018.

Total spending on the site hit PLN2.3b, of which all but PLN100m was returned to the site’s customers, whose ranks currently stand at over 64k. One of these lucky customers won a PLN514k jackpot in July, the biggest payday in the site’s eight-month history.

Totalizator Sportowy’s overall sales in the year to date hit PLN5.2b, almost equalling the PLN6.1b sales figure the company generated in all of 2018. Cieślik said Total Casino’s performance to date has “not only met our expectations, but are better than we expected.”

Besides Totalizator Sportowy, Poland currently has 14 online gambling licensees, all of which are limited to sports betting. The government protects these licensees by constantly expanding its blacklist of unauthorised online gambling domains deemed to be serving Polish punters without local approval.

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Central Europe

STS Deals with BetGames.TV

Niji Narayan

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Bookmaker STS has signed an exclusive deal with BetGames.TV to launch the gaming developer’s products in Poland.

BetGames.TV’s offering has already gone live on the STS.pl website, with mobile applications set to launch in the country next week, the bookmaker said. The tenure of the deal was not disclosed.

“We implement modern solutions, developing our functionalities to ensure that our customers have access to a unique offer. The agreement with BetGames.TV has allowed us to introduce a wide range of TV games to our website,” Mateusz Juroszek, chief executive of STS said.

STS is the dominant force in the Polish sports betting sector with 80% of its revenue generated by online and mobile channels.

The company’s products are now available in the UK and Germany, as well as Iceland, Luxembourg, Slovenia, Andorra, San Marino, Gibraltar, Slovakia, Malta and Latvia.

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Central Europe

Merkur Sportwetten Rebrands Totolotek

Niji Narayan

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Merkur Sportwetten Rebrands Totolotek
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Merkur Sportwetten GmbH has started its expansion in the Polish online gambling market by rebranding its newly acquired Polish sports betting provider Totolotek. Totolotek has been a part of Merkur since April 2019.

“Totolotek is one of the most renowned sports betting providers in Poland. By integrating Totolotek into our company structure, we want to further advance its success and sustainably strengthen its position in the market. We are convinced that we will succeed in doing this with our innovative products and by drawing on our experience and financial strength,” Niko Steinkrauß, MD of Merkur Sportwetten said.

The Totolotek betting shops in Warsaw are now shining with the laughing MERKUR sun as a widely visible trademark. The shops were fitted out with high-quality “Made in Germany” betting terminals. All Totolotek stationary points of sale will be branded in the new Merkur look before the European Football Championship in 2020.

Totolotek’s online presence has also been revamped so that Merkur sports betting can be experienced at any time and any place. The highlight of the new www.totolotek.pl website is its user interface. All of the betting options can also be called up conveniently and securely using the Totolotek app for Android smartphones.

“Such an extensive modernisation as the one undergone by Totolotek has never before taken place in the Polish sports betting market! The great commitment of our parent company is paying dividends: The response from our customers is overwhelming, both in the betting shops and online,” Adam Lamentowicz, CEO of Totolotek said.

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