India Plans to Introduce 28% Tax on Online Gambling
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India is considering a law change that would increase the law applied to online gambling operators to 28% of the face value of each bet.
Lawmakers agree that online casinos and their gambling companies should pay at least as much, if not more, in tax. The changes will come as part of a new goods and services tax or GST. It is proposed to apply the tax to chips bought prior to gambling at casinos, and not on individual transactions. Horse racing tax should remain at 28%.
Goa and Sikkim have been collecting a 28% tax on the face value of bets since 2017. The average revenue fell from INR18 million ($230,000) to INr7.2 million $93,00 in 2022. It's unclear how the 28%.% of the bet amount will be applied to online gambling.
