UK Budget sets remote gaming duty at 40%, prompting market reactions
The UK Budget set remote gaming duty at 40%, according to sources cited in the report, with Rachel Reeves announcing gambling tax changes in the House of Commons. Evoke shares fell 14% by the report’s publication, while Flutter and Entain shares rose by close to 4%; the report said smaller and medium-sized businesses could be among those most affected.
The proposed tax changes could alter UK operators’ competitive positions and increase pressure on smaller businesses.