Regulations On Games Of Chance In Turkey

The Omnibus Law numbered 7146 ("Omnibus Law") was published in Official Gazette number 30498 on 03 August 2018. Apart from the other amendments, the Omnibus Law amends the Law of Regulation of Tax, Fund and Shares from Revenue of Chance Games numbered 5602 ("Law"). Pursuant with Article 14 of Omnibus Law, Article 4 of Law has been modified. According to amendment, the maximum amount of annual total prize which will be paid to the contributors has been increased to 83% from 59% of revenue. In order to reach the percentage mentioned above, it is expected from official bookmaker in Turkey to regulate the betting system. The probable moves are listed below:

• The rates will approach to the rates of foreign bookmakers.