Prime Minister Edi Rama commented on the push stating that if the decision goes ahead, a number of conditions will be imposed, and all revenue will go to sports, culture, and youth. In these countries, the income from sports betting is used to develop sports and sports infrastructure and to support the youth,' they argued, as reported by the above-mentioned media. 'The regulation of sports betting by law is a practice followed by many Western countries. They also recommend the implementation of an age limit and a maximum bet limit.

Our proposal includes total fiscal transparency, league-regulated online sports betting,' the petition stated, as reported by Euractiv.įurthermore, stakeholders suggest that revenue generated from sports betting be used to support the country’s athletes, specifying that betting should be allowed via certified operators, including local and international brands. 'We are not proposing to open the entire range of gambling, including electronic casinos or bingo halls. In August, a coalition of sporting stakeholders petitioned the government to ask for the restitution of regulated and supervised sports betting, arguing it can bring much-needed revenue to one of Europe's poorest countries. Nevertheless, the activity continued in the country in illegal betting and gambling shops, leading to arrests occurring almost on a weekly basis. At the time, hundreds of betting shops and gambling sites were shut down, and efforts were made to block online sites. Experts on the matter estimate that some €17 million ($16.9 million) will be collected in tax each year.Įxcept for a selected group of licensed casinos, as of December 31, 2018, all gambling was prohibited. The measure, which has been on the cards since the summer, is set to be effective at the start of the next year. The move is expected to provide revenue for the government, which currently faces a debt of over 90%, increasing pressure to subsidize rising energy costs and calls to support the vulnerable amid the global crisis.

The measure is set to be implemented on January 1, 2023, four years after sports wagering, casinos, and online gambling were made illegal. According to local reports, Albania will reintroduce legal sports betting.

Is matched betting illegal in the us