The Chancellor has announced a steep increase in online gambling tax associated with the “highest levels of harm” across the sector.
Rachel Reeves said she was reforming gambling taxes in response to the rise in online gambling, announcing an increase in remote gaming duty from 21% to 40% and on online betting from 15% to 25%.
“I am making no change to the taxes on in-person gambling or horse racing and I am abolishing bingo duty entirely from April 2026. Taken together, my reforms to gambling tax will raise over £1 billion per year by 2031.”
The reforms are expected to raise an estimated £1.1 billion [$1.5 billion] for the Government by 2029-30.
