UK Plans to Boost Gambling Regulator Fees as Budget Tightens
The UK government is consulting on raising gambling regulator fees to address a funding shortfall at the Gambling Commission.Summary
The UK government is seeking public feedback on proposals to increase fees paid by gambling companies to the UK Gambling Commission (UKGC). This move is driven by a looming funding shortfall at the UKGC, stemming from increased costs related to enforcement, implementing changes from the Gambling Act review, and improving data capabilities. Three options are being considered: a 30% fee increase across the board, a 20% increase, or a mixed approach of 20% plus an additional 10% dedicated to combating illegal gambling. The fee adjustments will vary based on license type, with most tied to operators’ market share and risk profile. The proposed increases come alongside previously announced tax hikes for the gambling industry, raising concerns among operators. The DCMS also intends to grant the UKGC greater autonomy in setting its own fees, similar to other regulators like Ofcom and the Financial Conduct Authority. The consultation period is open until the end of March.
(Source：Gamblingnews)