is pushing to change its online gambling rules. They want the country to move away from its current monopoly setup and adopt a modern system with multiple licenses. Austria Urged to Modernize Gambling Laws Amid Mounting Black Market Concerns and are the only countries left in the that still use this old-fashioned model.
The thinks this system does not do enough to protect consumers, regulate, or boost the economy. They believe it is time for Austria to catch up with today’s standards in the gambling industry. The association has pointed to to show the .
Many Austrian gamblers now use unregulated offshore sites, which skip local consumer protections and avoid government checks. This also means the state loses a lot of money. Some think that using a multi-licensing system could bring in up to €1 billion ($1 billion) more in taxes by 2030.
As coalition talks for a new government continue, the has called on , , and to take this chance to update Austria’s gambling rules. The group points out how well similar changes have worked in other EU nations, like and . brought in , and within ten years, the regulated part of its online gambling market grew from 72% to 90%.
These systems have gotten credit for making consumer safeguards better, boosting regulatory abilities, and increasing tax income. EGBA Calls for Multi-Licensing, Highlights Consumer Protection and Economic Gains The claims that moving to a would give several advantages. By putting rules on a bigger part of the gambl.
