Labour government set to introduce statutory gambling levy

The UK government is expected to reveal the $125.87 million tax on gambling firms this week.

The UK White Paper outlined a statutory levy that would require online gambling operators to pay 1% of their gross gambling yield, while traditional betting shops and casinos would pay around 0.4%. The levy is expected to generate around £100 million annually for gambling harm research, education, and treatment.

 

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The UK government is set to unveil a new tax on gambling firms, expected to generate £100 million annually. Online operators will pay a 1% levy on their gross gambling yield, while traditional betting shops and casinos will contribute around 0.4%. The tax proceeds will fund gambling harm research, education, and treatment efforts.