The initiative presented to Congress seeks to establish a 10 percent tax on expenditures and 6 percent on the prizes obtained, gaining support from the entire political spectrum.
Mexico.- Deputies from the National Action Party (PAN) of the State of Guanajuato presented to the local Congress a proposal to add a new tax on gambling. The initiative presented to the full Congress, seeks to establish a 10 percent tax on the expenditures made by "individuals or legal entities" to participate in games and lotteries with bets; and 6 percent on the prizes obtained.
According to deputies Jorge Espadas and Víctor Zanella, the intention of incorporating this tax is to avoid dependency on gambling and betting. It is a tax that seeks to tax the earnings that people have in casinos, for example, those who attend, as a mechanism to try to inhibit problematic gambling a bit," explained Deputy Jorge Espadas Galván.
For his part, Deputy Víctor Zanella Huerta said that the essence of the initiative is a health issue to prevent gambling disorder, which starts as an entertainment issue but turns into a vicious circle that brings economic losses, isolation, and anxiety.
The initiative to the Finance Law seeks to generate greater income for the State, which can be allocated to social programs, prevention and treatment of gambling addiction, as well as to strengthen the institutions responsible for combating organized crime.
After the presentation of this proposal, parliamentarians from other political parties showed their support for the project, which augurs an easier and faster treatment, in case it progresses to its voting in Congress. Local deputies, Sergio Contreras Guerrero, from the Green Party, and Alejandro Arias Ávila, from the PRI, both coordinators of their faction in the local Congress, showed their support for the proposal, albeit with reservations.
Sergio Contreras said it is necessary to analyze the result of the opinions that arise in its study methodology and work tables and said he does not see it as a bad measure. "We need to review thoroughly. I am not part of the Finance Commission but we will be informed of the work carried out inside the congress so that the day it reaches the plenary we have a stance on whether it is an initiative that we will have to support or have a reservation to generate a modification or outright not support," he advanced.
"If we want gambling and betting to exist in Mexico under what scenarios we want them to occur to be clear that there must be a health policy to follow the pattern of those who already have gambling addiction because not every person who goes to a gambling place has the disease," he added.
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Sportsbook Network Jackpot is a progressive jackpot system designed to unite multiple brands in an exclusive network campaign with a shared accumulated prize.
Press release.- SOFTSWISS presents the first Sportsbook Network Jackpot. It is a progressive jackpot system designed to unite multiple brands in an exclusive network campaign with a shared accumulated prize.
The Sportsbook Network Jackpot debuted with an initial accumulated prize of €35,000, which will continue to grow as more brands join. All clients working with SOFTSWISS Sportsbook, including those on third-party platforms, are eligible to join the network.
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For players, no additional costs or efforts are required to participate in Network Jackpot: it offers fair competition and equal opportunities for everyone to win the big prize compared to single-brand bookmaker jackpots.
See also: What operators expect from technology providers: insights from SOFTSWISS
This concept has already proven successful in the casino segment, where the most recent Prime Network Jackpot campaign was launched with an accumulated prize of €1,000,000. The Sportsbook Network Jackpot aims to replicate this success, bringing the same innovative mechanics to the sports betting sector.
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As the Sportsbook Network Jackpot evolves, SOFTSWISS anticipates rapid growth in participation and accumulated prizes. With this new solution, SOFTSWISS continues to lead the way in creating effective and scalable engagement tools for the iGaming industry.
