Table of Contents
ILLEGAL black market bookmakers are poised for a lucrative Boxing Day, with Britons expected to wager up to £100 million.
Industry analysis indicates that these accounts generate billions each year.
Illegal black market bookmakers are poised for a lucrative Boxing DayCredit: Getty
She is being urged to reconsider the proposed increases.
Independent EY modeling suggests that the cumulative effect of the tax hikes could redirect over £6 billion in wagers to the black market, representing a 140 percent increase.
“This is detrimental to consumers, employment, and public finances.”
FAQ
What is the estimated amount Britons will wager on Boxing Day?
Britons are expected to wager up to £100 million on Boxing Day.
How much could tax rises impact the black market?
The tax increases could lead to over £6 billion being redirected to the black market, marking a 140 percent surge.
Eze Chidiebere Paul
I'm dedicated to creating high-quality content that informs, inspires, and delights. If you have any questions or suggestions, don't hesitate to get in touch. Happy reading!
