UK gaming tax intake rises in H1 of 2022-23, but remote duty down

UK gaming tax intake rises in H1 of 2022-23, but remote duty down

Article brief provided by iGaming Business
  • Zak Thomas-Akoo, iGaming Business
November 1, 2022 5:26 PM
  • Zak Thomas-Akoo, iGaming Business

UK provisional betting and gaming tax intake for the six months to 30 September has risen 11.0% from £1.46bn to £1.62bn ($1.85bn) compared to the same period the previous year.

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The largest contributors to this figure are the Lottery Duty, which represents 30% of the total, and the Remote Gaming Duty, which contributes 28% of the total. However, both the duties declined both in absolute terms and percentage of the total from same period the previous year.

The 2022 figures had a high degree of variability month to month, demonstrating both seasonal variation and a decreased month-to-month stability in the figures post-pandemic – as commented on by HRMC.