UK Gambling Operators Fear Black Market Surge as Government Considers Higher Taxes
British gaming companies warn that steep tax increases could drive players toward illegal offshore betting platforms.
With the UK Treasury proposing additional tax pressure on online casinos and sportsbooks, operators are expressing concerns about unintended consequences. Industry groups argue that higher levies may push players to unregulated websites offering better payouts but with no consumer protection.
Regulators maintain that updated tax policy is necessary to modernize the gambling framework and support public funding. However, analysts caution that an increase in black-market activity could undermine both safety and transparency.
Key Points
- UK considers tax increases on gambling operators.
- Industry fears growth of offshore, unregulated betting.
- Regulators say reforms will strengthen system oversight.
- Analysts warn of reduced consumer safety.