EY study forecasts UK gambling tax proposals could cost £3.1bn
A study commissioned by the Betting and Gaming Council and conducted by EY estimates that proposals to raise UK gambling taxes could reduce the sector’s gross value added by £3.1bn under the IPPR recommendations. The study also forecasts 40,000 job losses and £8.4bn in bets shifting to the black market; the proposals have not been enacted.
The proposals could materially alter UK operators’ tax exposure and the projected economic effects vary by plan.