ONLINE gambling will become more expensive after Chancellor Philip Hammond hiked remote gaming duty by 6 per cent in today’s Budget.
The tax hike – which applies to online casino games such as poker and blackjack – is to help pay for a crackdown on fixed odds betting terminals (FOTBs).
The tax will increase from 15 per cent to 21 per cent from October next year.
The Government plans to use the money raised from the hike to offset the cost of reducing the maximum stakes for fixed odds betting terminals (FOTBs) from £100 to just £2 from October 2019.
“For me, it’s the commercial creativeness and ability to think outside the box, which makes the employment team at Joelson a joy to work with.”
Meera Ferguson, Head of Legal