UK government introduces gambling levy of 0.1% to 1.1% of yield
The UK government introduced a statutory levy requiring licensed betting businesses to contribute 0.1% to 1.1% of annual gross gambling yield. The report says the rate varies by business type and risk, with online casinos paying the higher rate, and the levy is expected to raise more than £100 million annually for treatment, prevention and research. The Betting and Gaming Council supported the plans while voicing concerns about their impact.
Operators must account for a new levy on gross gambling yield, with rates depending on business type and risk.