Rank Urges Treasury to Create Flat Gambling Tax

Submitted by Guest on

Written by :

Guest

Published on :

Rank today called for a radical overhaul of the taxation system for betting, suggesting that a flat 15% rate would make sense of a hotchpotch regime.

Seven different tax rules cover sports betting, bingo, casino games, card room games, amusement machines and the football pools.

The betting group's chief executive, Ian Burke, said: "The gaming and betting activities of UK consumers are subject to a patchwork quilt of taxation without any apparent logic or relationship to social policy.

"Some games are subject to a multiplicity of tax rates, depending on where and how they are played."

The highest taxes are paid by casinos, which have the best supervision and lowest levels of underage gambling, Burke noted. Offshore betting, a growing industry, pays zero tax.

Burke has been chief executive of the gaming group for four years this week. Today he was able to unveil annual results showing his turnaround is going well.

Revenue for 2009 is up 3.4% to £540 million, though profits slumped 3.8% to £58 million due to higher taxes. Rank resumed dividend payments of 1.35p after a two-year gap.

Burke said: "There is a sense of momentum in our business."

Debts have been cut by £40 million to £187 million.

Source:  This Is London

 

Related Content

California, Oklahoma Tribes Partner With Prediction Market Kalshi

California, Oklahoma Tribes Partner With Prediction Market Kalshi

Each tribe will own its app and control the customer-facing part of the business while Kalshi operates the underlying exchange including clearing the trades, Kalshi said Wednesday.
Casino Outside Des Moines Iowa Rewards Nine Jackpot Winners the First Week in October

Casino Outside Des Moines Iowa Rewards Nine Jackpot Winners the First Week in October

Lakeside Hotel & Casino in Osceola, Iowa is celebrating nine jackpot winners who collectively took home more than $85,000 during the first week of October.
Maxxed Builds Member Community Ahead of Crypto Casino and Sportsbook Launch This Month

Maxxed Builds Member Community Ahead of Crypto Casino and Sportsbook Launch This Month

Maxxed, a crypto casino and sportsbook, has opened its Discord and X channels and launched a $10,000 community giveaway before its platform even goes live this month (October 2026).
New Nonstop Las Vegas Flight Announced From Brownsville, Harlingen, McAllen Texas

New Nonstop Las Vegas Flight Announced From Brownsville, Harlingen, McAllen Texas

Great news for those residing in the Rio Grande Valley of Southeast Texas as Valley International Airport — also called VIA — has announced new nonstop flights to and from Las Vegas.