IsleOfMan.com – UK government plans to impose a new taxation regime for online gambling will leave Island firms facing higher costs and more administration.
That’s the verdict of a KPMG report commissioned by the Remote Gambling Association.
The UK Treasury last year announced plans to tax online gambling on a place of consumption basis at 15 per cent. At present tax is applied at the source of the bet – where the operator is based.
A detailed report on the implications for the industry has just been produced by KPMG’s economics research team.
It means Island based e-gaming firms with UK customers, and those which advertise in the UK, will in future need a UK gaming licence.
KPMG’s director of e-Gaming Russell Kelly says firms will be forced to absorb extra costs when the profitability of a bet is taxed in the UK.
Our Most Recent Gambling Headlines:
2026-10-23
SAHARA Las Vegas has officially become the first major resort on the Strip to accept cryptocurrency payments for gaming. The property announced that patrons can now fund their casino play...
2026-10-22
US Senator Ted Cruz is seeking state control of Prediction Markets through new legislation that would give state and tribal governments jurisdiction over sports-related contracts offered by trading platforms. The...
2026-10-21
A new civil lawsuit has been filed, as Utah sues Kalshi alleging unlawful gambling operations across the state. Attorney General Derek Brown announced the legal action in Utah Third District...
2026-10-20
Mötley Crüe is heading back to Las Vegas for a brand new limited engagement next spring. The legendary rock band announced an exclusive run of eight shows scheduled to take...
2026-10-19
Prediction Markets face intense legal scrutiny as the National Football League recently filed a 32-page amicus brief with the Supreme Court urging review to protect competitive integrity across professional sports....
2026-10-16
Management at Westgate Las Vegas announced the official rollout of four distinct seasonal theme suites designed to attract leisure travelers and vacationers during the fall and winter months. The property...
