The Economic Ripple Effect of Offshore Gambling: A Revenue Opportunity for the UK
Briefly

UK players are increasingly choosing gambling sites based overseas, particularly in Curaçao and Malta, complicating the enforcement of local regulations and tax collection. The shift reflects changing gambling behaviors, where users seek faster services, multilingual support, and enhanced loyalty schemes beyond local limitations. Sites outside GamStop offer greater rewards and reduced restrictions, catering to evolving digital habits. The existing regulations have become outdated as they struggle to keep up with new user preferences and behaviors, highlighting the need for a reexamination of taxation methods in the gambling sector.
Gambling behaviour in the UK is shifting towards overseas sites, especially in Curaçao and Malta, complicating regulation and tax collection.
Players prefer services outside GamStop due to lighter restrictions, better rewards, faster identity verification, and broader payment options.
The UK Digital Services Tax introduced in 2020 recognizes revenue generation beyond borders, setting a precedent for potential gambling revenue taxation.
Digital habits are evolving globally, necessitating a reevaluation of gambling regulations and taxation to address current user needs and behaviors.
Read at Business Matters
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