Virginia recorded approximately $574.6 million in sports wagers in February, according to data released by the Virginia Lottery, a 3.2% increase compared to the $556.84 million reported in the same month a year earlier. Players won a total of $517.53 million during the month, while adjusted gross revenue generated tax contributions of about $9.3 million. Of […]
Evoke, the FTSE-listed gambling company that owns William Hill and the 888 online casino brand, has said it is considering a sale or breakup of the group, after warning of a £135m hit from tax increases announced in last month’s budget. In a statement to the stock market, the heavily indebted company said it had […]
Charles Allen, the chair of the British Horseracing Authority, paid tribute on Wednesday to “everyone who has played their part across the sport” after the budget announcement by the chancellor, Rachel Reeves, that the rate of duty for betting on horse racing will remain unchanged at 15%. Confirmation that racing would be exempt from tax […]
Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers. Shares in UK gambling firms began tumbling even before Rachel Reeves announced the change in her budget, after the Office for Budget Responsibility (OBR) – which assesses the likely impact […]
The UK gambling sector won an extra £1bn from punters in the year to March, according to new data expected to buoy calls for the chancellor to raise betting taxes in Wednesday’s budget. Betting companies made £12.6bn from services excluding lotteries in latest 12-month reporting period, the Gambling Commission revealed on Tuesday, marking a 9.3% […]
Betfred has said it would close all 1,287 of its high street betting shops if Rachel Reeves raises taxes on the industry (Betfred says gambling tax rise in budget will force it to shut all its UK shops, 19 October). What further encouragement can she need?John SaxbeeHaverfordwest, Pembrokeshire As great as Prunella Scales’s character was, […]
Rachel Reeves has ditched a manifesto-busting plan to increase income tax rates for the first time since 1975 in this month’s budget. The chancellor is widely expected to increase taxes as she attempts to find billions of pounds to repair the public finances. She is expected to raise between £20bn and £30bn. With an income […]