Betting and Gaming Council
BGC: Further Tax Raid on Betting Threatens 40,000 Jobs and £3B Blow to UK Economy, Warns New Analysis
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A further tax raid on Britain’s betting and gaming industry would devastate jobs, undermine the economy and drive billions into the hands of the gambling black market, according to independent analysis by EY.
New research, commissioned by the Betting and Gaming Council, reveals plans being championed by the SMF and IPPR think tanks would risk over 40,000 jobs, channel £8.4bn in stakes to the black market, and wipe £3.1bn off the sector’s UK economic contribution, while raising a fraction of the amount claimed by the think tanks.
BGC members currently contribute £6.8 billion to the UK economy, pay £4 billion in tax and support over 109,000 jobs across the country – including thousands of high-skilled tech roles in areas like Stoke-on-Trent, Manchester, Leeds, Nottingham, Sunderland and Warrington.
But new tax hikes threaten to dismantle that success, with serious consequences for workers, the Treasury and Britain’s high streets.
Grainne Hurst, Chief Executive of the BGC, said: “It is now clear these further tax rises are a direct threat to British jobs and economic growth.
“The figures speak for themselves – tens of thousands of jobs lost, billions diverted to the black market, and a possible £3 billion hit to the economy.
“Tax raids like those proposed would mean fewer betting shops, casinos and bingo halls, fewer jobs, and a huge boost to the growing, unsafe gambling black market, while not raising anywhere near the tax claimed.”
Both the SMF and IPPR recommended increasing – and in some cases doubling – taxes on betting and gaming.
Currently, bookmakers pay tax on Gross Gambling Yield – takings minus customer winnings – at 21% for online games like bingo, 15% for sports betting and 20% for machine gaming.
Both the SMF and IPPR recommended rates of 50% for online gaming, or Remote Betting Duty, and 25% for sports betting, termed General Betting Duty.
While the IPPR’s plans would cost 40,000 jobs, channel £8.4bn in stakes to the black market, and wipe £3.1bn off the sector’s economic GVA, an analysis of the SMF proposals showed it would cost 30,200 jobs, drive £8.1bn in stakes to the black market, and cost the sector £2.5bn in lost GVA to the economy.
The IPPR had claimed these tax increases would generate £3.2 billion in revenue. However, analysis by EY indicates the actual short-term gain would be closer to just over £1 billion.
But when additional factors such as lost employment, reduced corporation tax, lower National Insurance contributions and venue closures are taken into account, EY’s modelling suggests the Treasury’s net gain could fall to under £500 million.
Industry experts warned that the short-term gain would plummet as the hikes bed in and punters abandon the regulated sector amid worse odds, fewer promotions and a reduced offer for bookmakers.
Both think tanks have also ignored the 2023 Gambling Act Review White Paper – the most comprehensive reform of UK gambling laws in a generation –which is already projected to reduce sector revenues by around £1 billion.
Their projections also assume a 31% growth rate for the sector by 2025, whereas EY calculates that growth between 2023 and 2026 will sit at just 4%.
Hurst added: “Balanced regulations and a stable tax regime guarantee a growing regulated sector. But these proposals would achieve the absolute opposite of that and undermine the very consumer protections that keep people safe by pushing customers towards the unregulated black market, where there are no safeguards, no tax receipts, no jobs, and no support for the sports we all love.
“Britain’s betting and gaming sector is a world leader – employing thousands, paying billions in tax, and investing in British sport.
“The choice is clear: back a successful, sustainable, regulated British industry – or risk losing jobs, investment and growth.”
The post BGC: Further Tax Raid on Betting Threatens 40,000 Jobs and £3B Blow to UK Economy, Warns New Analysis appeared first on European Gaming Industry News.
Betting and Gaming Council
Betting and Gaming Council Appoints Kane Purdy as New Chair
The Betting and Gaming Council (BGC) has appointed Kane Purdy, Managing Director at Gamesys Operations Limited, as the new non-executive Chair with immediate effect.
Kane takes on the role after 20 years in the betting and gaming industry, bringing extensive operational experience, deep sector knowledge and a strong track record of leadership across the regulated sector.
In addition to his role at Gamesys Operations Limited – part of Bally’s Intralot – Kane has played an active role in driving industry collaboration, including as Chair of GamProtect, the single customer view initiative designed to enhance player protection and raise standards across the industry.
The Chair position will be filled on a rotating basis by BGC members, with each term lasting 12 months.
Kane succeeds Executive Chair Michael Dugher, who stepped down earlier this year after six years at the BGC.
Grainne Hurst, Chief Executive Officer of the Betting and Gaming Council, said: “Kane brings a huge amount of experience, expertise and talent to this role, built over two decades in the industry.
“He is a highly respected leader with a deep understanding of both the opportunities and the responsibilities that come with operating in a regulated environment. He has also demonstrated a strong commitment to collaboration, helping to drive forward initiatives that strengthen standards and protections across the sector.
“I look forward to working closely with him as we continue to champion our members, raise standards and support a well-regulated industry that delivers for customers, the economy and communities across the country.”
Kane Purdy, Managing Director at Gamesys Operations Limited and non-executive Chair of the Betting and Gaming Council, said: “I am honoured and delighted to take on the role of Chair of the Betting and Gaming Council.
“After 20 years in the industry, I understand the importance of working collectively to meet challenges, raise standards and ensure the regulated sector continues to thrive.
“I look forward to working collaboratively with Grainne and the team, as well as with members from across the industry, to build on the strong progress already made and help shape the future direction of the BGC.”
The post Betting and Gaming Council Appoints Kane Purdy as New Chair appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Betting and Gaming Council
BGC: Black Market Cashes in on Grand National as Criminal Bookies Target Millions
The harmful gambling black market cashed in during the Grand National, with up to £100m potentially staked with illegal operators across the Aintree Festival, including as much as £40m on the big race alone, the Betting and Gaming Council (BGC) has warned.
The Grand National is one of the biggest betting events in the sporting calendar, attracting millions of punters and billions in wagers each year.
But these figures underline the growing threat posed by illegal gambling operators, who target major events while offering none of the protections required of regulated firms.
The BGC warned that rising costs on licensed operators, alongside the threat of increasingly intrusive checks requiring customers to hand over personal financial details, risk driving more punters towards the unsafe, unregulated market.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, said: “The Grand National is one of the biggest moments in the sporting calendar, enjoyed safely by millions.
“But the criminal harmful black market will also have tried to cash in, targeting punters with illegal betting that offers zero protections.
“Rising costs and increasingly intrusive checks will only make it harder for legitimate operators to compete.
“The priority must be keeping punters in the regulated market, where safeguards are in place, rather than driving them towards dangerous illegal operators.
“Licensed betting firms in Britain must meet strict standards, including age verification, anti-money laundering checks and safer gambling protections. By contrast, black market operators act outside the law and offer no safeguards to customers.”
The regulated betting and gaming sector supports over 109,000 jobs, contributes £6.8bn to the UK economy and raises £4bn in tax each year, while also providing vital funding for British horseracing.
The BGC said tackling the criminal gangs behind illegal gambling sites must remain a priority to protect punters and support the regulated sector.
The post BGC: Black Market Cashes in on Grand National as Criminal Bookies Target Millions appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
Betting and Gaming Council
BGC: Government Tax Hike Boost for Black Market
The Betting and Gaming Council (BGC) has warned that the incoming British tax hikes will boost black market activity.
Based on a new polling by Anacta reported in February 2026, there are concerns that proposed UK government gambling strategies, particularly regarding increased taxes, could contradict their intended harm-reduction goals.
While ministers have launched a consultation to ban unlicensed operators from sponsoring football clubs, including in the Premier League, ordinary punters fear the Government’s new tax rises could drive millions straight into illegal gambling sites, the new poll reveals.
The poll, conducted found:
• 52% of people who bet believe higher taxes will make punters more likely to use unlicensed black market sites.
• 66% of those who bet say tax increases will make betting and gaming less enjoyable.
• 57% think UK gambling is already heavily regulated.
With around 22.5 million adults placing a bet each month, the Government’s disastrous tax hikes will drive millions more to the harmful black market.
Grainne Hurst, Chief Executive of the Betting and Gaming Council, said: “When you tax responsible, regulated betting and gaming companies harder, you do not reduce demand you simply drive customers towards the unsafe, unregulated black market.
“Illegal gambling sites do not pay tax. They do not contribute to British sport. They do not invest in safer gambling and they do not protect vulnerable people.
“If the Government wants growth and genuine consumer protection, it must back the regulated sector not make it less competitive against criminals.”
The regulated sector supports 109,000 jobs, contributes £6.8 billion to the economy and generates £4 billion in tax revenue, funding everything from the NHS to schools and local communities.
The post BGC: Government Tax Hike Boost for Black Market appeared first on Eastern European Gaming | Global iGaming & Tech Intelligence Hub.
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