Sport Austria seeks share of gambling reform revenue gains for sport
Regulation1 min read
Sport Austria has urged Austria’s federal government to use the planned gambling reform to secure long-term sports funding. It said studies suggest restructuring the market could raise gambling taxes and concession fees by about 25%, and called for organised sport to receive the same percentage of those additional revenues. The organisation also wants federal sports funding linked dynamically to gambling receipts.
Sport Austria has called on the federal government to use its planned gambling reform to secure long-term funding for organised sport.
Studies suggest that restructuring the gambling market could increase revenue from gambling taxes and concession fees by about 25%. Sport Austria wants organised sport to receive the same percentage of the additional revenue and federal sports funding to be linked dynamically to gambling receipts.
Inflation has already largely eroded the increase in federal sports funding from €80m to €120m. Sport Austria's general assembly unanimously agreed to develop a national sports strategy.