view raw text
BETTING TAXES IN AUSTRIA-HUNGARY. Inder the new state laws for the regulation of the totallsator ami of bookmakers in Austria-Hungary, all bets made with bookmakers are whir 1 1 to a stamp duty, varying according to the liet from two kronen for a stake of 300 kronen, and four kronen of from 300 to ."iiio kronen, and ten kronen for over " ik to 1.000 kronen, to twenty kronen for any sum over t.uiNi kronen. The value of a krone is twenty cents. There is a farther duty on money won either from tin- totallsator of from a liook-maker. whea the amount of the winnings is more than three time- a- much a- the -lake, according io a progressive tariff of duties. The above duties relate only to the hacker- side of the question, bookmakers bavins lo pay on their side IS per cent, of i loir mi annual winnings, say- Deutdcher Sport. which ihvote- a lengthy article to the subject, and goes more fully into details, ami enumerates tho pains and penalties, tin. - ami brief or longer terms of :inprisoiiuiont for non-compliance with tie- law.