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UK Gambling Reform Economic Impact Lower Than Feared, New Study Says

ReadWrite·Paul McNally·25 days ago
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A new economic study says proposed gambling reforms in Britain would likely cause far less damage to the wider economy than industry groups have repeatedly warned. The research was conducted by the National Institute of Economic and Social Research and the University of Glasgow. It examined measures included in the government’s 2023 white paper, High Stakes: Gambling Reform for the Digital Age . Those proposals are expected to cut Gross Gambling Yield (GGY) by as much as £812 million annually. GGY measures the money gambling operators keep after paying winnings. Researchers estimated the broader economic hit from that decline would total about £134 million, or roughly 16 percent of the expected reduction in gambling revenue. Our analysis shows that of a projected £812 million reduction in GGY, £134 million—around 16 per cent of the total reduction—is translated into a net negative economic impact on the UK economy,” the report said.…

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