Central Europe

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

Published

6 years ago

November 18, 2019

Niji Narayan

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

Photo Source: golfnews.pl

Reading Time: < 1 minute

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.

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Niji Narayan

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.