Totalizator Sportowy to Pay More Than PLN 1 Billion as Gaming Tax

Totalizator Sportowy is going to transfer more than PLN 1 billion (around $258 million)  to the state budget for gaming tax. In the next year, even higher amounts are expected because the company is dynamically developing in new market segments. The amendment to the Act on gambling gave Totalizator Sportowy the opportunity to develop in new areas.

“We are in the period of the largest and fastest transformation in the company’s 60-year history. We imposed a very ambitious plan, because in two or three years we want to work out what companies like ours in other countries took from 5 to 7 years. Today, looking at the results, we are proud that we succeed,” Olgierd Cieślik, Totalizator Sportowy’s President of the Management Board said.

The management board of Totalizator Sportowy estimates that thanks to new branches of business, from the tax on games alone, the company may transfer over PLN 1 billion to the state budget in 2019.