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The Guardian - UK
The Guardian - UK
Politics
Rob Davies

Online betting firms to pay billions more in UK tax, Reeves confirms

A hand-shaped cursor hovers over a digital roulette wheel on a computer screen
The share prices of UK gambling firms fell after the chancellor’s budget announcement, but larger players recovered much of their value later in the day. Photograph: Alex Segre/Alamy

Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers.

In her second budget as chancellor, Rachel Reeves announced duty changes expected to raise an extra £1.1bn a year by 2029-30, raiding a fast-growing sector that made £12.6bn from punters last year.

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