Posted: 23.03.2023

The British gambling sector is now the most lucrative in the world.

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.

Comments (2)

  • The text provides information on the favorable tax environment for the gaming sector in the United Kingdom, which has attracted many players from other European countries. Despite the anti-gambling sentiment promoted by the British media, the UK gaming industry continues to generate significant profits, ranking first globally in terms of gross income.

  • Verner.watsica

    This text highlights the favorable tax environment for the gaming sector in the UK and the significant revenues generated by well-known gaming companies. Despite the complex regulations and tightening tax policies, the UK ranked first in terms of gross income from legal gambling, followed by the US, Australia, Italy, and France. The possibility of the US surpassing the UK in profitability in the near future is mentioned, but it remains uncertain if this will happen this year.

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