The UK online gambling industry has negative impacts, and the government plans to levy higher industry taxes

Recently, according to a report by The Guardian, a research report commissioned by the American "Fair Gambling Campaign" organization and written by the National Economic Research Association, an economic consulting agency, pointed out that the UK online gambling industry has had a "negative impact" on the country's economy.

The report shows that UK online gambling revenue increased from £4.2 billion in the 2015-2016 fiscal year to £6.5 billion in the 2022-2023 fiscal year. During the period from 2015-2016 to 2022-2023, British consumers spent an average of £5.6 billion on online gambling each year, which led to a £1.3 billion reduction in economic activity and a £2.6 billion reduction in wages each year.

Derek, the founder of the "Fair Gambling Campaign," said that the previous UK government's review of the gambling industry "failed to correctly consider the fiscal, economic and social impacts of online gambling." He believes that to develop the economy, sufficient taxes need to be levied on the online gambling industry and the stimulation brought by online gambling should be restricted. Comparing it to cigarettes, it is an activity that should be allowed but not encouraged.

Data from the UK Gambling Commission also reflects the development trend of the online gambling industry. In the face of this situation, the British government wants to levy high taxes on this industry to deal with its negative effects. At the same time, it also hopes to use this measure to balance industry development and the overall interests of the social economy. This decision has attracted widespread attention, and all sectors of society are also closely watching the specific implementation of the follow-up taxation policy and its impact on the online gambling industry and the overall economy. The future development direction of the UK online gambling industry and the government's relevant measures will continue to be a focal topic.