"The specific adjustments introduced by the Treasury are among the most aggressive in the global market, with remote gaming duty set to nearly double, jumping from 21% to a staggering 40%."
"Industry leaders suggest that such 'excessive' taxation will lead to inevitable job losses across the country as firms look to trim operating costs."
"Several top-tier operators have already begun forecasting the damage to their adjusted earnings, with some expecting impacts reaching into the hundreds of millions of pounds."
"These new rates are scheduled to take effect at the start of the 2026 financial year, leaving businesses with a narrow window to restructure their operations."
The British gambling sector faces a severe tax increase following the government's autumn budget announcement. Remote gaming duty will nearly double from 21% to 40%, and a new general betting duty for remote wagering will rise from 15% to 25%. These changes are viewed as a threat to the regulated market's viability, potentially leading to job losses and reduced investment. Operators are preparing for a challenging financial climate, with many planning to cut marketing budgets and restructure operations to mitigate losses.
Read at Business Matters
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