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BGC warns UK gambling tax rise could drive customers to illegal sites

Regulation

The Betting and Gaming Council warned on 1 April that Britain’s illegal online gambling market could grow as the Remote Gambling Duty rate rises from 21% to 40% of gross gaming revenue. The industry body said the higher tax could weaken licensed operators’ competitiveness and argued that proposed financial risk assessments could also push customers towards unlicensed sites. The BGC cited billions of pounds in stakes on the black market, without giving a specific total.

Licensed operators face a higher duty rate while the BGC warns that customers may shift to unlicensed competitors.

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Regulation

BGC urges UK government to rule out further gambling tax increases

Reportedly, the BGC has called on the UK government to exclude further gambling tax rises from its next budget. Gambling company executives also want the government to suspend a tax increase.

The Betting and Gaming Council (BGC) has asked the UK government to rule out further increases in gambling taxation in the next budget and to suspend a planned rise in betting duty. The request was made in a letter to the Chancellor of the Exchequer, John Healey, signed by the chief executives of Entain, Flutter UK & Ireland, bet365, Bally's Corporation, evoke and Betfred, all BGC members, according to the report.

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