Gambling Industry

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I was sent this article fom “The i” which makes interesting reading:

“The gambling industry made
£16.8bn in the year to March after
paying out prizes – up 7.3 per cent
on the year before, figures show.
The Gambling Commission said
the annual industry statistics,
which report on the customer￾facing industry in Britain, showed
the rise in “gross gambling yield”
(GGY) was largely driven by online
punts, which rose by more than
£900m to £7.8bn.
The remote casino, betting and
bingo sector made up 46 per cent
of the market, it said. The land￾based sector had 29 per cent of the
market, at £4.8bn.
Meanwhile, licensed lotteries,
including the National Lottery
and society lotteries, formed a
quarter of GGY at £4.2bn.
The figures follow reports that
the Chancellor could raise the
rate of tax paid by bookmakers on
online earnings in today’s Budget.
Two influential think-tanks,
the IPPR and SMF, have both
recommended that remote
gaming duty, applied to online
games of chance and the largest
of the duties because it is charged
on the fast-growing online sector,
should be more than doubled to 50
per cent.
But the Betting and Gaming
Council, which represents the
gambling industry, said: “The
headline growth in the betting
and gaming industry masks a
mixed picture.
“While some products have
expanded in response to customer
demand, land-based operators
including betting shops have faced
a real-terms contraction, with
over 30 closures this quarter.”

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