Entain Warns Against Potential Sports Betting Tax Hike in the UK

Enta, a leading gambling

In a recent statement, Enhighlighted the lessons

Entain’s Conc
Currently, sports

Wood further stated, “Our sector contributes over £4 billion annually to the UK economy, and we pay more than half a billion pounds in taxes every year. We are one of the top 20 taxpayers in the country.”

Expert
This cautionMatej Novota, Head of Casino Research atCasino Guru , who no
“A sudden tax increase often hurts consumers the most. The Netherlands’ experience shows us that such hikes lead to falling legal revenues and a rise in illegal gambling. The UK should take heed before making a similar mistake.”

The proposed tax hike, which specifically targets sports betting, has sparked heated debate, with critics arguing it could ultimately do more harm than good for the industry.