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Investing.com -- Britain’s finance minister Rachel Reeves plans to increase duties on gambling in a move that will raise an estimated £1.1 billion ($1.45 billion) for the government by 2029-30, according to the Office for Budget Responsibility (OBR).
The OBR published its outlook on its website ahead of Reeves delivering her budget to parliament.
The tax changes will affect companies including Ladbrokes owner Entain, William Hill UK, 888-owner Evoke, and Flutter.
"From April 2026 there will be an increase in remote gaming duty from 21 to 40 per cent and abolition of bingo duty from its current 10 per cent rate," the OBR said.
The OBR added: "From April 2027, a new rate of general betting duty for remote betting will be introduced at 25 per cent, excluding self-service betting terminals, spread betting, pool bets, and horseracing."
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