In a statement issued today, the government sided with the Treasury Committee’s view that taxes should be increased on online gambling, while sparing other areas of the industry which are viewed as less harmful.
The changes will see remote gaming duty (charged on operations including online casinos) increase from 21% to 40% from 1 April this year, while the tax rate for remote sports betting will jump from 15% to 25% from 1 April 2027.
Betting on horse racing and in-person gambling will be spared any tax increases, with their rates to remain the same, while bingo duty will be abolished in April this year.
Dame Meg Hillier, Chair of the Treasury Committee, said: “The decision by the Chancellor to use her Budget to increase taxes on online gambling is a victory for common sense.”
