Chancellor, George Osbourne recently announced that taxation on fixed odds betting terminals would increase from 20% to 25%. He believed that this would bring in an additional £75 million a year to the government.
This isn’t the only way that the government has been cracking down on the gambling industry in the UK though, as they have since had reservations about the voluntary warning messages that were introduced to fix odds betting terminals earlier on in the year. Currently, these warning messages only pop up once the player has either been playing for 30 minutes, or when they have spent over £250.
The Department for Culture, Media and Sport believes these pop up messages should appear sooner and before so much money has been spent.
The Association of British Bookmakers have since written a letter to David Cameron warning him that they believe that heavy taxation and additional regulatory changes would negatively affect the UK’s gambling industry and would; therefore, put hundreds of different jobs at risk.
