Taxes

Illinois Sees Significant Betting Decline After New Tax Takes Effect

Illinois’ sports betting industry experienced a pronounced drop in wagering volume this September, marking the first full month under the state’s newly implemented per-wager tax. Data from the Illinois Gaming B...

United Kingdom MPs Press Reeves to Raise Gambling Taxes Despite Industry Pushback

MPs are urging UK Chancellor Rachel Reeves to dismiss what they describe as “scaremongering” from the gambling industry and impose higher taxes on its most harmful products, including high-street slot machines ...

Betfred Warns of Nationwide Closures if UK Gambling Taxes Rise

Betfred has cautioned that its entire network of UK betting shops could vanish if Chancellor Rachel Reeves proceeds with a plan to increase gambling taxes. The bookmaker’s chairman and co-founder, Fred Done, sa...

Evoke May Shut Up to 200 Betting Shops Amid UK Tax Hike Fears

Evoke plc, the parent company of bookmaker William Hill, is reportedly preparing to close a significant portion of its UK betting shop network as the government considers steep gambling tax hikes in the upcomin...

United Kingdom: Labour MPs Push for Higher Gambling Taxes to End Two-Child Benefit Cap

Rachel Reeves, United Kingdom's Chancellor of the Exchequer, is facing mounting pressure from her own backbenches as more than 100 Labour MPs demand that gambling companies pay higher taxes to help finance the ...

Latvia’s Gambling Tax Overhaul: Increased Levies and Regulatory Shake-Up in 2026

Latvia has revealed a substantial restructuring of its gambling sector as part of the 2026 state budget, which includes sharp tax increases and the integration of gambling oversight into the country’s tax admin...