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Betting tax

  • Betfred rakes in £1.5bn as founders enjoy jackpot payday

    betting

    The billionaire brothers who founded Betfred have shared a bumper payday after the betting giant raked in almost £1.5bn. The Warrington-headquartered business has posted a turnover of £1.45bn for the 78 weeks to 30 March, 2025. New accounts filed with Companies House also show Betfred made a pre-tax profit of £188.6m over the same period. [...]

    Betfred storefront with prominent signage, displaying current promotions and customers entering and exiting the shop
  • Autumn Budget: Shares tumble as Reeves taxes bookies higher

    betting

    Shares in British betting and gaming firms, including Entain, William Hill UK, Evoke, and Flutter, fell sharply after Rachel Reeves revealed upcoming increases in gambling duties in her Autumn Budget. Shares in those and other publicly-listed companies were down between one and 19 per cent by 12:38 on Wednesday. The forcasted tax changes sent investors [...]

    The Conservatives have warned of a rise in black market betting if Labour levies a tax on gamblers to fill Treasury coffers.
  • Tories: Reeves gambling with lives over mooted betting tax

    Sport Business

    Rachel Reeves has been accused of “gambling with lives” ahead of a mulled tax rise on the gambling sector in November’s Budget. The Chancellor is tipped to hike the levy on bookies from 15 per cent to 21 per cent, in line with online casinos, in a move critics say could decimate horse racing and [...]

    Rachel Reeves has been accused of “gambling with lives” ahead of a mulled tax rise on the gambling sector in November’s Budget.
  • Budget: More than sport at stake when it comes to betting tax hikes

    September 9, 2025

    Today marks my first anniversary as chief executive of the Betting and Gaming Council. It’s a privilege to represent an industry that contributes billions to the economy and plays such an integral role in British sport and culture. But it’s also a moment of real jeopardy for our sector, and for the sports and communities [...]

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