Italy Sets €700m Gambling Tax Target

Italy’s Council of Ministers has approved the draft 2027 Budget Law, with the Ministry of Economy and Finance expecting gambling taxes to generate €700m for the state over 2026 and 2027. The estimate narrows earlier scenarios that ranged from €400m–€500m to as much as €1bn as the government seeks revenue for a wider package of spending and tax cuts. Italy’s Council of Ministers signed off the draft Budget Law after Economy and Finance Minister Giancarlo Giorgetti presented the 2027 Draft Budgetary Plan on 15 October.