UK Gambling Tax Hike Sparks Black Market Concerns
Britain’s gambling sector is entering a period of uncertainty as a major tax increase takes effect, prompting warnings about the expansion of illegal betting markets and financial strain on licensed operators. From April 1, the Remote Gaming Duty applied to online casino revenue has risen sharply from 21% to 40%, a change introduced in Chancellor Rachel Reeves’ Autumn Budget. Industry representatives and analysts say the move could reshape the market, with some warning that it may drive customers away from […] The post UK Gambling Tax Hike Sparks Black Market Concerns appeared first on World Casino News.
Britain’s gambling sector is entering a period of uncertainty as a major tax increase takes effect, prompting warnings about the expansion of illegal betting markets and financial strain on licensed operators. From April 1, the Remote Gaming Duty applied to online casino revenue has risen sharply from 21% to 40%, a change introduced in Chancellor Rachel Reeves’ Autumn Budget. Industry representatives and analysts say the move could reshape the market, with some warning that it may drive customers away from […]
The post UK Gambling Tax Hike Sparks Black Market Concerns appeared first on World Casino News.
