Flutter 首席执行官警告称更高的税收将推动投注者转向无牌运营商

Lea Hogg October 15, 2024

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Flutter 首席执行官警告称更高的税收将推动投注者转向无牌运营商

Flutter Entertainment的首席执行官 Peter Jackson对美国多个州近期提出的增加赌博税的提案发出警告。他的担忧是,这种税收上涨可能会无意中将消费者推向无牌、免税的运营商,从而削弱受监管的企业和州收入。这是一个立法者应该重视的警示,尤其是在美国不断增长的在线博彩市场中,管理的复杂性日益增加。立法者面临的挑战是要认识到,在最大化税收收入的追求中,他们可能会直接促使无牌运营商获益。风险从未如此之高,而做错的代价可能是灾难性的

无牌运营商的削价竞争

Jackson的批评集中在提高税收对市场行为的影响。像Flutter这样的大公司(旗下拥有FanDuel品牌)在吸收更高的税收方面比其小型竞争对手更具优势。然而,他警告称,即使是大型运营商也可能难以与那些完全不缴纳税款的黑市运营商竞争。这些无牌运营商可以提供更具竞争力的赔率、较低的价格,以及受监管公司在税负增加下难以匹敌的诱人促销活动。

这种因税收而转向非法平台的现象带来了严重的挑战。寻求更好交易的客户可能会转向离岸、无监管的网站,这些网站提供匿名性且运营成本更低。结果是?各州可能会失去急需的税收收入,并陷入一场无法胜过的“超税与免税”竞赛。

Jackson明确表示,他的呼吁并非出于企业的自我利益,而是基于经济原则的警告。“如果税率过高,人们就会选择非法运营商,税收收入反而会减少,”他在接受《金融时报》采访时表示。他甚至引用了拉弗曲线(Laffer curve)这一著名的经济模型,表明更高的税率并不一定带来更高的税收收入。在某种程度上,增加税收只会激励避税行为。

蓬勃市场中的威胁日益增长

自2018年美国最高法院取消联邦禁令以来,美国体育博彩市场的扩展异常迅猛。如今,包括华盛顿特区在内的38个州允许合法的体育博彩。作为全球最大的运营商之一,Flutter抓住了这一蓬勃发展的机会,贡献了其2023年全球32亿英镑税收中的很大一部分,美国市场占据了其中的三分之一。

然而,这种扩展也伴随着成长的烦恼。正如Jackson所指出的,纽约51%的体育博彩税率是全国最高的,已经让部分FanDuel的客户转向邻近的税率更低、激励更佳的新泽西州。他警告称:“如果客户觉得其他地方性价比更高,他们就会转向。”这凸显了在提供有竞争力的客户服务与满足税收义务之间的微妙平衡。

问题所在

这一问题不仅限于纽约。伊利诺伊州和俄亥俄州也最近提高了博彩收入的税率,而新泽西州的立法者正在考虑将在线博彩的税率提高到30%。这些举措在短期内可能有利可图,但却可能会削弱他们所要规范的市场。更高的税收可能导致客户成本上升,削弱受监管运营商的吸引力,使无牌平台成为一个有吸引力的替代选择。

此外,非法赌博市场规模庞大、易于访问且深深植根于市场中。这些平台不遵守州法规,不为公共资金做出贡献,也不具备保护合法市场消费者的任何保障。从公共政策的角度来看,这种转变将是灾难性的,因为各州可能看到收入减少,并面临更严重的赌博问题、欺诈和洗钱风险。

Flutter的应对策略

就Flutter而言,公司似乎致力于在美国市场上迎接挑战,同时倡导合理的税收结构。Jackson建议18%左右的税率是最佳水平,他认为这一水平既能为各州带来稳定的收入,又能保持消费者在监管体系内。“像我们这样的大公司可以调整,”他表示,公司可以利用其规模来抵消更高税收的影响。但Jackson迅速指出,这种灵活性并非普遍适用,尤其是对于那些缺乏资源的小型运营商来说,难以与黑市竞争。

在美国,Flutter的策略是实现可持续增长。公司预计到2027年,其核心利润将翻一番,其中美国市场将占将近一半。然而,Jackson和他的团队明白,这一增长轨迹取决于一个稳定、具有竞争力且受监管的市场——一个在鼓励合法博彩和抑制非法运营商之间取得适当平衡的市场。

随着各州力图从蓬勃发展的行业中榨取更多税收,Jackson的警告带来了一个严肃的提醒:过度施压,市场可能会完全脱离控制。无牌运营商的诱惑是真实存在的,其后果可能是可怕的。

最终,税收政策与市场监管之间的微妙平衡将决定美国合法博彩的未来。如果弄错了,无牌运营商就在一旁等待。

这里订阅SiGMA每周十大新闻时和SiGMA的周报,以保持最新的iGaming新闻,并享受仅限订阅者的优惠。

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