The British gaming sector has long been renowned for its favorable tax environment. Numerous well-known gaming behemoths have been functioning in the local market for decades and generating enormous revenues.
The United Kingdom has the world’s most complex gaming regulations (in terms of regulation). In addition, local gambling rules are very advantageous for poker professionals who play online and overseas yet have British citizenship. This is because any money won outside of the United Kingdom is tax-free.
Due to this, a large number of players from other European nations seek permanent residency in this country, where local authorities have begun to tighten their tax policies regarding poker players.
Despite the fact that anti-gambling sentiment is regularly promoted by the British media, the local gaming industry continues to produce enormous profits. Recently, SafeBettingSites presented the most recent information on the profitability of the gambling industry in the main nations where it has been legal for decades.
According to the survey, the overall gross income of legal gambling in the United Kingdom topped $12,500,000,000,000 last year, placing it #1 among all nations with a legal gaming industry. This is remarkable given that the United States ranks second with an annual income of $11,000,000,000 despite having three times the population of the United Kingdom.
Australia, as predicted, is in third position with $6,500,000,000. Italy follows with a revenue of $ 4,500,000,000, while France finishes out the top five with a gross gaming market revenue of $ 3,800,000,000.
As more and more states allow gambling, it is probable that the United States may soon surpass the United Kingdom in terms of profitability in the next year. However, it is uncertain if this will occur this year.