You will need a license, as well as an understanding that this activity is highly taxed. You can get a license in different European countries, some of which have harsher terms and fees. Below, we have gathered the rough estimates for some of the nations. Based on this data, we advise you to continue your research on the prices, as there are many things to consider, and different services’ charges vary.
Great Britain: The license application will depend on your estimated annual income: less than 550 thousand pounds - 4693 pounds. And 41243 pounds with an income of more than 1 billion pounds.
The annual payments will cost you from £5,282 (£550k in income) to £1.077m, plus an additional £200k for every billion earned.
France: Here, the tax is levied as a percentage of revenue. Up to 100 thousand euros of income – 6%. From 1 to 1.5 million euros – 47%. More than 14 million euros – 83.5%. You also have to pay the tax levied by the city where the casino is established. The terms are covered in an agreement between the city and the casino and cannot exceed 15% of the gross gambling income.
Malta: Here, you get the fixed annual activity fee of 25,000 euros. Furthermore, depending on the specifics of your business, there are different types of licenses, but none of them offers more than a 5% fee of your earnings. So, for example, under a type 1 license, you will pay 1% for every euro over 4.5 million in revenue.
Lithuania: All licensees must pay 1 million euros upon obtaining a license, plus an additional fee depending on the license type. For slot machines, it is €300,000; for bingo and betting, it is €100,000; and for remote gambling, it is €500,000.
Also, online gambling operators must have at least €1.2 million of capital, €289,000 for online sports betting, or €144,000 for online racing bets. The tax base is 5%, on top of which market operators add tax on their activities. For example, the tax on online gambling we are interested in is 13%, and then we add the tax base and get 18% on revenue for the quarter.