|by Earl Williams |
The British government, as it did for betting shop wagering some time ago, has removed the 9% tax gamblers paid on online sports betting. In return, the larger bookmakers, such as William Hill and Ladbrook's, have promised to remove their offshore operations, which were exempt from the tax to begin with, and take them to other countries, lessening the competition for land based gambling enterprises.
The removal of the hefty tax and this agreement with the operators could make the UK a Mecca for both offline and online gambling. Players will bet tax-free with recognized gambling operators, and on dry land.