UK Budget Sparks High Street Betting Tax Hike Concerns
The UK’s Autumn Budget is poised to deliver sweeping changes to the gambling sector, with looming tax hikes threatening the viability of High Street bookmakers. Industry insiders warn that substantial increases, long backed by former Labour Prime Minister Gordon Brown and a coalition of backbench MPs and progressive think-tanks, could force hundreds of retail betting shops to close, altering the face of British gambling.
Major operators including Betfred, Entain, and Evoke have cautioned that these measures could push players toward unregulated offshore platforms, undermining both revenue and consumer protection. Horse racing, following vigorous lobbying by influential stakeholders, is expected to avoid major tax changes.
The frontline targets appear to be retail machine gaming and sports betting outside horse racing. In contrast, online gambling may emerge as a relative winner, with Chancellor Rachel Reeves’ Budget likely to accelerate the ongoing shift from physical to digital platforms, a trend highlighted during the COVID-19 pandemic.
As the gambling industry braces for the Budget’s impact, operators, regulators and punters alike await confirmation of whether these measures will curb harm or inadvertently drive players toward less secure markets. The full consequences will be revealed once the Budget is officially announced.
