Cyprus parliament approves betting levy increase to support football clubs

Cypriot MPs adopted a bill raising the charge on licensed betting operations from 3% to 4.5% of net earnings in a fiercely disputed vote. The Cyprus Sports Organisation will oversee the distribution of the additional monies to the Cyprus Football Association, which will be used to support football clubs and their junior academies. Ninety-seven football clubs from different leagues stand to gain from the 2019 and 2020 modified betting laws.
 
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