Gambling laws differ in different regions. Gamblers in countries such as France, Macau, and the USA are required to pay a percentage of their income as tax to the government. However, in the U.K, gamblers can make millions and keep all their income to themselves. This same rule applies to gamblers in Scotland, Wales, and Northern Ireland. To know about gambling in Great Britain, continue reading this piece.
The UK is home to three of the world’s most trusted online casino regulators: The Gibraltar Gambling Commission, the UKGC and the Alderney Gaming Control Board. Online casino operations within the U.K is mostly regulated and overseen by the U.K Gambling Commission. The UKGC permits gambling website with licenses from the Isle of Man, Antigua and Barbuda, EEA Countries and Tasmania to offer their services to UK citizens. The UKGC is also actively involved in monitoring casinos to prevent unlawful gambling enterprises from operating within the U.K.
Gamblers may not be mandated to pay taxes in the U.K. However, the U.K collects revenue from gaming sites that operate within the U.K. In the last year, HM Revenue was able to gather nearly £3 billion by taxing gambling companies 15% of their annual net income.
On the other hand, casinos that operate in the U.K are thriving and dominating the gambling industry around the world. And while they do pay taxes on some of the foreign countries where they operate, Britain collects most of the tax payments.
Casinos in The UK
There are various successful casino brands in the U.K and some of these casinos sponsor popular sports team around the world. For example, Bet 365 sponsors 20 La Liga teams. William Hill, Betfair, 888 Casino, Betway, and more brands have partnerships with sports teams throughout the UK, Europe, and Northern America.
Because of the wide variety of online casinos such as Conquestador.com –https://conquestador.com/ that accept British players, some casino brands own multiple websites with games targeting specific groups of players. Playing on sites that focus on particular types of games has its benefits. You receive bonuses personalized for your favourite games. If you join a poker-focused website or a casino that offer a wide range of poker games, you receive rewards customized for poker rooms and tournaments.
Although some companies offer in-house games, most gambling sites in the UK provide games supplied by independent developers. Homegrown software maker Microgaming is featured in nearly all UK gaming websites. NetEnt comes in second with more than 100 slot games supplied to casinos.
If slot machines are your favourite casino games, look out for NetEnt and Microgaming when choosing a casino. The two companies provide more than 600 slots. They’re also responsible for the Mega Moolah and the Mega Fortune jackpots respectively, games which have turned hundreds of players into millionaires.
Additional companies known for providing entertaining casino games to UK casinos include Quickspin, Play’n GO, Playtech, IGT, Realistic Gaming, Evolution Gaming, BetSoft, and Amaya Gaming. In total, more than 50 developers are licensed to supply games in Britain, which gives players the variety to play from more than 2000 games.
If you’re like many players, you have a few providers whose games you cherish. You probably wouldn’t join a casino that didn’t support games from your favourite software supplier. Luckily, there are so many casinos in the UK that you’re almost assured of finding a platform that offers games you’ll love.
The U.K is one of the best places to gamble professionally. Players have access to the best gambling sites and don’t have to forfeit part of their winnings by paying taxes. Also, there are reliable and trusted regulators that enable a safe online gambling environment.