In line with recommendations outlined in the updated gambling white paper, the UK government is introducing a mandatory 1% levy on the revenues of iGaming operators. This levy will be earmarked for the National Health Service (NHS) to support research and initiatives dedicated to responsible gambling.
For land-based gambling establishments, a reduced rate of 0.4% will be applied, reflecting the higher fixed costs associated with physical venues.
This proposed iGaming levy represents a substantial tenfold increase compared to the existing voluntary contribution, which hovers around 0.1%. Based on 2022 figures, a 1% levy could potentially generate £100 million ($122 million).
This move signifies a significant shift, with the NHS taking over as the primary recipient of funding for responsible gambling initiatives, replacing the GambleAware charity. GambleAware traditionally relied on voluntary donations from the industry but faced challenges in channeling these contributions to the NHS, which did not accept such assistance.
A statement from the NHS underscores the change: "Under the proposed levy, the gambling industry will no longer have influence over the allocation of funds for research, prevention, and treatment. Instead, the Gambling Commission will directly distribute funding to the NHS and UK Research & Innovation, which coordinates research and innovation funding, following the government's strategic direction."
The UK's iGaming levy shift is a significant move towards change, with funds being directed to the NHS for gambling support. However, ensuring effective responsible gambling efforts without industry influence may pose challenges.
It reflects a commitment to protecting players and addressing the societal implications of gambling, and I am in full support of such measures that prioritize public health and responsible gaming. 🤗😉🤗
Appreciate the update on the UK government's new iGaming levy for responsible gambling initiatives. It's a significant shift, and I'm hopeful this move will contribute to a more effective support system.
Hey, thanks for the info! The UK government is telling iGaming companies to chip in 1% of their money to help the National Health Service with responsible gambling. It's a way bigger commitment than before, shifting from optional donations to a tenfold increase. Now, the NHS is in charge of funding responsible gambling stuff.
I see the UK's iGaming levy shift as a major step toward change. Channeling funds directly to the NHS for gambling support is commendable. But, removing industry influence might have its challenges in steering responsible gambling efforts effectively.