Bookies fear budget hit but gaming machine self-harm killed off the old-fashioned shops
Source: The Guardian ·
A wholesale plunder of local communities via casino-gaming took place and racing was content to sit on sidelinesHas it really been almost a year since racing’s last bout of Budget-related anxiety? Apparently so, because having successfully persuaded Rachel Reeves to exempt racing from a (modest) hike in betting day in 2025, here we are again, nervously anticipating Wednesday’s budget amid…
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Has it really been almost a year since racing’s last bout of Budget-related anxiety? Apparently so, because having successfully persuaded Rachel Reeves to exempt racing from a (modest) hike in betting day in 2025, here we are again, nervously anticipating Wednesday’s budget amid warnings that John Healey could effectively sound the death-knell for high-street betting shops. Healey is widely expected to raise the rate of Machine Games Duty (MGD) in the budget, a move which could, according to some predictions, lead the closure of thousands of high-street shops with significant knock-on effects for racing’s income from off-course gambling. The prospect of a significant hike in MGD this week was initially floated by a report from the Social Market Foundation (SMF) thinktank in June. The report recommended doubling the duty rate on the profits from high-street gaming machines, from 20% to 40%, to reflect the significantly higher rates of harm associated with machine gaming compared to…