French Betting Tax Increased To Eleven Per Cent, Daily Racing Form, 1920-06-09

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FRENCH BETTING TAX INCREASED INCREASEDTO TO ELEVEN PER CENT PARIS June S Six hundred million francs were bet on horse races in France in 1019 and it is estimated that the total bets on the courses this year will be more than 1000000000 francs francsThe The government receives a percentage from tho betting which is on the parimutuel plan and it is the government report which shows that at Longchanips Auteuil Aincenncs MaisqnLafitte St Cloud and Enghicn 562000000 francs were wagered last year and the betting on the pro ¬ vincial tracks brings the total up to 600000000 600000000Of Of this sum the state received 52000000 francs The tax which was eight per cent was raised to ten per rent last August and is about to be in ¬ creased to eleven per cent centThe The race courses are now enjoying record pros ¬ perity and because of tht freedom with which the noveaux riche are betting as well as because of the presence of many tourists the knowing ones say that the 1920 betting will amount to more than 1000000000 francs


Persistent Link: https://drf.uky.edu/catalog/1920s/drf1920060901/drf1920060901_3_4
Local Identifier: drf1920060901_3_4
Library of Congress Record: https://lccn.loc.gov/unk82075800