Online Betting Can Legalize In South Korea

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April 14, 2022
2 minutes

Korea racing authority, korea racing authority, a public company, created to control the branch of the industry in south korea, proposed to introduce online rates on horse racing in order to reduce the level of illegal betting.

Online Betting can legalize in South Korea

Representative betting kra said that the office imposes hopes for the introduction of online rates on the jumps and said that the authorities held a debate on the korean national assembly with the participation of stakeholders.

At the moment, in south korea of ​​the online lottery and sport rates are legal out out only on the racetracks, as well only on the racetracks, as well as in the letsrun ccc brand, and are available only for foreigners. Also in the country are not alloded online casino.

Kra manages and has exclusive batting rights on three south korea racetracks, here include:

  • Letsrun park jeju;
  • Letsrun park busan – gyeongnam;
  • Letsrun park seoul.

At all rates, a tax of 16% is paid. Kra, in turn, takes a commission of 4% for rates for winning and place, and 11% – for other bets. To date, the project on the legalization of online rates on racing in south korea has not yet been filed for consideration of legislators. Kra clarify that this question is in the first stages of implementation.

We will remind, earlier we told how russians belong to betting and what is the awerage rate today.

See also: representativetive of bk «olympus» spoke about the deal with «okko sport»

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