UK Budget gambling tax hike: Key points and what you need to know
The UK Parliament released its long-awaited Budget statement this afternoon, with details on how the gambling industry will be affected moving forward.
The UK Parliament released its long-awaited Budget statement this afternoon, with details on how the gambling industry will be affected moving forward.
Rachel Reeves delivered the Budget statement to Parliament this afternoon, with gambling tax reforms estimated to raise £1.1bn ($1.45bn) by 2029/30.
The inclusion of the former Tottenham Hotspur player in the X post was deemed to be appealing to under-18s.
All newspaper retailers in the nation will now be required to perform ID, age and EPIS checks on players from May 2026.
The enforcement action follows months of scrutiny over illegal gaming operations, cross-border fund transfers, and gaps in India's regulatory framework for real-money gaming.
The decision ends a seven-month injunction that had allowed Kalshi to keep offering sports-related event contracts in Nevada while it challenged a cease-and-desist order from state regulators.
The $1.35bn in total gaming revenue produced throughout October was primarily accounted for by the Clark County area, which increased revenue by 5% year-over-year for a total of $1.17bn.
Both companies expect the transaction to be approved by relevant regulatory bodies during the first quarter of 2026, with Mississippi's approval having been obtained in November 2025.
A Federal Meteorology portal briefly displayed a "jogo do tigrinho" ad after a malicious redirect altered its homepage.
Having already increased the tax rate on operators to as high as 40%, the new legislation would enforce a 10.25% tax on revenue generated from wagers placed within Chicago's city limits.