Fecoljuegos reports 30% fall in Colombian online gaming gross revenue
Fecoljuegos said gross gaming revenue in Colombia had fallen 30% since the government imposed 19% VAT on deposits to online gaming platforms. The association said some platforms had seen deposits and average spend per user fall by as much as 50%. Fecoljuegos proposed developing a technical indicator with the government to measure the tax’s impact.
Operators can assess the deposit tax’s reported effect on revenue and user spending when considering customer-retention responses.