As reported by The Guardian, the government is expected to ‘rubber stamp‘ the plans this week, detailing how the levy will operate and collect £100m from UK-licensed betting operators to fund RET organisations, projects, and initiatives.
“The levy, which multiple sources said could be announced by Gambling Minister Baroness Twycross as soon as Wednesday, is expected to take effect from next April,” The Guardian understands.
Replacing UK Gambling’s ‘voluntary scheme’, the RET Levy was announced as a key proposal in the Gambling Review’s White Paper published in April 2023. A subsequent consultation, launched in October 2023, aimed to ensure fair contributions from all licensed operators and to finalise the levy’s design.
The statutory RET Levy will impose a 1% fee on the gross gambling yield ..
