The United Kingdom Gambling Commission announced that gaming revenues have risen 6 percent during the 2013-2014 year among licensed operators, totaling £6.8 billion.
Brick-and-mortar casinos represent 47 percent of that yield.
The figures come only from casinos that held U.K. Gambling Commission licenses before the new gaming act became law, which require licensing and taxation of online gaming operations.
The Gambling (Licensing and Advertising) Act 2014 took effect on December 1. It requires that operators from around the world offering gaming to U.K. residents have licenses within the U.K.
This means that gaming operations that fled offshore to avoid paying U.K. taxes will now be required to pay those taxes when they offer gaming services to those living within the United Kingdom.
Operators will have to pay a 15 percent consumption tax in addition to paying for a license. The U.K.’s position is that no matter where the service is being provided, if it is being provided to a U.K. resident, the service must be taxed.
