BGC STRONGLY OPPOSED TO TAX RISES ON REGULATED INDUSTRY - STATEMENT

A Betting and Gaming Council Spokesperson said: “We strongly oppose proposals to raise taxes on the regulated betting and gaming industry. Such a move would be short-sighted, harming jobs, investment, and sports funding, while failing to deliver more revenue.

BGC members already contribute £6.8 billion to the economy, pay £4 billion in taxes, and support 109,000 jobs. Piling further tax rises onto the sector, on top of reforms that have already cost over £1 billion, risks undermining a responsible industry.

Every time the Treasury squeezes the regulated sector, it strengthens the unsafe black market, which pays no tax, offers no consumer protection, and puts UK jobs and growth at risk.”