Poland has seen its gaming tax contribution fall 10%?after the betting industry was significantly reduced and betting shops closed?

Poland’s betting industry?tax income fell by more than?10%. The first six months of 2020 saw just $92 million USD in income.

The regulated sports betting industry had a tough year?after the sporting calendar was significantly reduced and betting shops closed due to the pandemic.?In the second quarter of 2020, the industry took a big hit which resulted in a 30% decline.

?STS?used this as an opportunity to?consolidate?its leading position. The company grew its market share to approximately 50%?according to the Polish sports betting operator association?Graj?Legalnie.??

The association said that this represented a 4% improvement on Q2 2019, and showed that the business had successfully adapted to the circumstances.?The second-placed, Fortuna Entertainment, saw its market share decline to 25% of industry’s revenue.

Forbet followed in third?place.?LV Bet,?Betclic?Everest Group’s?Betclic?brand and?Betfan?followed with each accounting for 3% of second quarter revenue, while E-Toto,?Totolotek,?Totalbet,?Superbet,?Ewinner,?Pzbuk?and?Noblebet?collectively accounted for the remaining 9%.?

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Graj?Legalnie?said?that?the betting industry was badly hit by Covid-19 disruption?and thus they were campaigning to reduce turnover tax from 12 to 10%. They further?said that?the pandemic is likely to accelerate the industry’s shift online with some bookmakers already generating as much as 85% of their revenue online.?

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