The ban on online gambling in Cambodia is expected to make a significant cut in the expected tax revenue for 2020. This year the Cambodian government collected about $50 million in tax revenue from casinos. However, the figure will not be repeated in the next fiscal.
Cambodia’s Finance Minister Aun Pornmoniroth has pointed out that the tax revenues are likely to decline due to the online gambling ban.
Khmer Times reports that while discussing the 2020 budget with Pich Sros, president of Cambodian Youth Party and a member of the Supreme Consultative Council Mr Pornmoniroth said that casinos accounted for $50 million in total tax revenue respectively in 2018 and 2019, but will decrease next year because online gambling has been banned in the Kingdom.
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