Licensed and legal internet gambling is coming soon to France. The French Government announced Wednesday that it will break the long standing government monopoly on gambling and is set to license and tax new gambling halls and online casinos.
Budget minister Eric Woerth detailed the new plan on Wednesday: “Rather than banning 25,000 Web sites, we’d rather give licenses to those who will respect public and social order”.
Increased respect for public and social order will not be the only benefits of the new plan. The French government, which
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previously held a total monopoly on legal gambling in the country, will levy a tax of 7.5% on internet casino revenues. Online poker rooms will be taxed at 2%. Woerth has stated that, last year alone, illegal gambling websites generated over €7 billion in France.
The plan comes in response to a 2 year old European Union demand that France put an end to state gambling monopolies in order to comply with EU competition laws.
This about face by one of Europe’s largest economies will likely affect online gambling laws across the continent. Players should expect revitalization, growth and increased accountability in the gaming industry as online gambling is accepted into the mainstream. But in the mean time, make sure to read Casino.Pokernews.Com’s Trusted Online Casino Reviews to ensure you receive the best deals and bonuses at the internet’s finest casinos!