Overview
- The Gambling Commission reported GGY of £16.8bn in the year to March, up 7.3%, with online gambling at £7.8bn accounting for 46% of the market.
- Online casino winnings reached £5.0bn, rising nearly 15% year on year and standing 55% above pre‑pandemic levels.
- IPPR and the Social Market Foundation have urged more than doubling Remote Gaming Duty to around 50%, and reports suggest the Budget could increase online gambling taxes.
- The industry is lobbying hard, with the BGC warning of job losses and growth of the unregulated market, and Betfred saying it could shut 1,287 shops if taxes rise.
- Racing Post data show online betting turnover on racing fell 6% to £7.88bn as the sport warns of knock‑on funding risks, with the Budget announcement due Wednesday.