Tag: Taxes
Steep increase in online gambling tax to address ‘highest levels of harm’; land-based casinos, horse racing spared
The Chancellor has announced a steep increase in online gambling tax associated with the “highest levels of harm” across the sector.... more
British betting industry reels from online gambling tax hike
A host of Britain’s best-known bookmakers have warned that jobs will be cut, profits will be hit and investment in the UK reduced as they... more
UK tax hit worse than expected, Jefferies analyst says
Markets were expecting a UK tax rate hike on certain gambling revenues on the order of 25% to 30%, reported Jefferies Equity Research... more
William Hill owner Evoke to slash thousands of jobs after taxes rise
The owner of William Hill and 888 warned of thousands of job cuts after a £1.1 billion raid on the gambling industry, writes Ella... more
End of two-child benefit cap praised amid criticism of tax-hikes in UK budget
UK Chancellor Rachel Reeve’s latest budget has been criticized for its tax hikes during a day that saw several protests held across... more
South Africa weighs 20% tax on online gambling to curb risks
South Africa is considering imposing a 20% tax on online gambling to curb its rapid growth and address related social harms. “Due to the... more
Illinois House Democrats urge Chicago to kill proposed tax on online sports bets
Thirty Illinois House Democrats have urged the City Council to spike Mayor Brandon Johnson’s proposal to tax online sports betting for... more
UK gambling firms spent £2 billion on advertising last year, boosting calls for tax hike
British gambling companies spent an “astronomic” £2bn on advertising and marketing last year, according to a new estimate that has... more
Pennsylvania: Barstool influencers push anti-tax sports betting message during budget talks
Pardon My Take podcast host Dan ‘Big Cat’ Katz, along with fellow Barstool Sports personalities Adam ‘Rone’ Ferrone and Max... more
Flutter’s Sky Bet relocates HQ to Malta to slash its UK tax bill by up to £55m a year
One of the UK’s largest gambling firms, Sky Bet, has relocated its headquarters to Malta – in a move that could cut its UK tax bill... more
