Report: U.K. gambling tax would drive players away

[The Buzz]

A study by accounting firm Deloitte and commissioned by bookmaker William Hill found that a new U.K. online gambling tax would drive players towards unregulated sites.

From the Telegraph:

It finds that as much as 27pc of current revenues would disappear into the “grey”, or unregulated, market. At 15pc tax, the figure rises to 40pc.

William Hill has submitted the report, seen by The Daily Telegraph, to the Treasury, which is reviewing a new tax regime for remote gambling.

UK consumers currently spend about £1.7bn a year – roughly 18pc of total UK gambling revenues – with online gambling companies.

[Caruso]

Laughable.

The UK economy would suffer if taxation was achieved. Of course, at currently zero tax, the economy is much better.

Jeez, how hard the accountants paid to find that particular angle of spin must have worked. The gambling industry never fails to underwhelm.

[DaveL]

The tax is one thing, shame they haven't gone all in with only allowing UK licensed operators to provide games to UK players. That would stop the likes of Cassava and Cozy taking the pee with their abusive practices that hurt UK people as much as unregulated sites do. Somehow, I can't see players going to unregulated sites when they're not allowed to promote themselves in the UK anyway.

[SlotsAff]

Laughable.

The UK economy would suffer if taxation was achieved. Of course, at currently zero tax, the economy is much better.

Jeez, how hard the accountants paid to find that particular angle of spin must have worked. The gambling industry never fails to underwhelm.

Quality post

[Anthony]

I don't see a mass exodus of UK players. But, there is a point where too high of a tax will cause issues, like we have seen in France.