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according to RP. Not very much then. "Bookmakers would also increase their margins on racing to pay for the new tax, offering worse odds, withdrawing promotions and tightening restrictions on successful punters." How exactly would they offer WORSE ODDS ?
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It is likely way better that the % is increased rather than a turnover tax is brought in.
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I'd be surprised if it isn't at least 25% given treasury needs at the moment, and gambling would be very easy game. It doesn't mention the total predicted gain to the treasury for all betting though, at each of those proposed levels.
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yeah it's not just racing I take it. All online sports betting at 21%.
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Could actually be a boost to exchanges. If bookies reduce their odds the odds stay the same on here.
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