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UK Raises Gambling Taxes, Rwanda Follows Suit

5/1/2025

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Summary

Story summary

The UK government is set to raise remote gambling taxes from 15% to 21%, a move that could jeopardize the betting industry and drive customers underground. Meanwhile, Rwanda's lawmakers have approved a 25% tax on gambling winnings to boost revenue. In South Carolina, the ban on sports betting continues to cost the state significant potential earnings.

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Story summary

The UK government is set to raise remote gambling taxes from 15% to 21%, a move that could jeopardize the betting industry and drive customers underground. Meanwhile, Rwanda's lawmakers have approved a 25% tax on gambling winnings to boost revenue. In South Carolina, the ban on sports betting continues to cost the state significant potential earnings.