Turkey is a country that crosses two continents; Europe and Asia; it is located at the Black Sea to the North, Mediterranean Sea to the south and borders Syria and Iraq in the south-east. Being a country with highly developed legal system and strict gambling laws, it is rather important to get acquainted with the bases for Turkey Bookmakers and Turkey sports betting. In this article, it get down to providing information on the gambling laws and law making, regulatory bodies, licensing, taxes and Sport betting in Turkey.
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Table of Contents
Summary of Key Events
The History of Gambling Laws in Turkey
Early Regulations
- 1984: Tying to historical records, sports or more specifically horse race betting was also legalised in the country hence paving way for accredited forms of betting in Turkey.
- 1990: Casinos were legalised for a times but attracted regulatory attention by mid 90’s.
- 1996: Some of the measures were put in place in July while others in December and from July, the betting institutions were completely shut. The second was the authorization of the state lottery, Milli Piyango, which came into operation soon after.
Recent Developments
- 2007: Offshore gambling being a form of gambling that is not regulated by the state was prohibited.
- 2016: In the wake of the failed coup attempt for the removal Duterste’s presidency there is strict measures relating to the condemnation of the unauthorized betting.
Current Gambling Landscape
Legal Framework
So, unlike many countries, Turkey holds a rather strict categorical approach to gambling and has tightly set rules regarding both terrestrial and online betting. The only instances where the establishment is allowed is if the organization is state-owned such as in the case of Milli Piyango or IDDAA which is the state-owned sporting betting company.
Key Regulatory Agencies
- National Lottery Administration: Lotteries and numeric games are managed under it.
- Sports Toto Organization: Supervises the sports betting business which incorporates football as well as other sporting disciplines.
Licensing and Fees of the Turkey bookmakers
Types of Licenses
- Lottery License: Published by the National Lottery Administration.
- Sports Betting License: Its administration is under the Sports Toto Organization Company.
Licensing Fees
- Regarding the lottery license, there is a rather steep application fee which one has to pay.
- The government taxes non-cash prizes at fifteen percent of their face value for lotteries that require permits.
- External acquisition of prizes or products that are produced externally cost 30% permit fee.
Gambling Taxes for Turkey Bookmakers
General Tax Structure
- Mutual Odds Betting on Sports Tax: A 5% monthly tax on the total gross of the month.
- Betting on Horse Racing Tax: 7% Taxes on total revenue with a percentage of 1% ;monthly.
- Games of Luck Tax: 100% annual leasing charge for total revenues.
Additional Taxation
There is high taxation on anything that has to do with gambling to avoid uncontrolled gambling.
Prohibited and Allowed Bets
Prohibited Activities
- All forms of internet gambling as a prohibited activity.
- It is against the law to conduct or engage in gambling businesses without the license, and the law provides for serious consequences for the offenders.
Allowed Activities
- Horse Race Betting: This can be legal and approved according to the legislation of a certain state.
- State-run Lotteries and Sports Betting: It deserves its recognition since it is fully sanctioned and monitored by the government.
Sports Betting in Turkey
Popular Sports
- Football: The most cherished game, With galatasaray having teams renowned all over the world.
- Basketball: Rising in popularity with the national team being rather successful at internationals.
- Volleyball: Especially among ladies, which began to gain popularity with foreign awards.
Sporting Milestones
- 2000: This season Galatasaray became the UEFA Cup winner, and won the UEFA Super Cup.
- 2002: Turkeys national football team manages to get the trophy of the third place in the FIFA World Cup.
- 2003: Turkey women’s national volleyball team won the silver in the European championship.
- 2010: Turkish men basketball team gets silver medal in the FIBA/World championship.
- 2012: The Fenerbahçe women volleyball team beats Turkish rival Vakıfbank to clinch the CEV Women’s Champions League title.
Regulatory Oversight
Sports betting is very well monitored for the purpose for fairness and to make sure that everyone is seeing the same thing. The operation of betting is overseen by the Sports Toto Organization which complies to the laws of the country.
Conclusion
The Turkish government’s attitude towards gambling and sports betting is one of moderation, yet complete prohibition through regulated and legalised measures mainly in the state-controlled sector. Manufacturers who are keen on “Turkey Bookmakers” and/or “Turkey sports betting”, these principles of law to regulate the market are vita.
FAQ of Turkey Bookmakers
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