History of the gambling industry in UK
It is noteworthy that British gamblers have been familiar with gambling since the 12th century. And with the advent of Internet technologies, this type of entertainment began to develop at a frantic pace. Today it is considered one of the main hobbies of many connoisseurs of gambling.
However, already in the XII century, Casimir II himself played dice. Three centuries later, British players were conquered by card games imported from neighboring Germany. The rapid development of the gambling sector over the centuries allowed to reach maximum heights, after which gambling is still in demand in Great Britain today.
Already in 1956, Totalizator Sportowy operated on the territory of our country, which showed the residents the intriguing world of gambling. Then there were bookmakers and lotteries. Initially, fans of gambling could place bets exclusively on the games of the British Football League. Then they started playing Toto-Lotka and other gambling games like lotto.
Who does the ban law apply to?
In 2009, a law banning gambling was introduced in Great Britain, prohibiting not only legal casinos in UK, but also bookmakers. All gambling companies that did not have a license from the Ministry of Finance were banned. The main reason for introducing the law was to bring the economy out of the shadows. This meant the lack of payment of taxes to the state treasury of clubs that did not receive a license on the territory of our country.
Already in 2017, amendments were made to the law, which concerned the ability to place bets on the Internet. But in this sense, we are talking about bookmakers that can issue a business license by contacting the Ministry of Finance. The situation with casinos is much worse, because the only existing gambling establishment is Total Casino, which is the property of Totalizator Sportowy.
Our legislation clearly defines the characteristics of legal internet casinos in United KIngdom. In accordance with the established rules, a British gambling establishment must have a minimum number of card and board games in the amount of 4 pieces. The number of slot machines and slots varies from 5 to 70 pieces.
Given such a “rich” collection of entertainment, such a club can hardly be called an attractive casino. In this case, a gambling establishment must be the property of a joint stock company or a limited liability company. The latter format involves the placement of a legal online casino in UK or abroad (but in the countries of the European Union). This opened access to foreign gambling establishments, as well as bookmakers licensed in Malta or Cyprus. Another rule or amendment to the law is the presence of special equipment that records the course of the game and ensures quality control of entertainment.
Taxation of gambling establishments
Thanks to the desire to work legally, the clubs began to replenish the state treasury. In general, the taxation system for all types of gambling sites is as follows:
- Bookmakers undertake to pay 12% of the turnover amount. This fact makes them pay tax in any conditions: whether the betting coupon was played or not.
- Cash lottery – pays 15% of the turnover.
- Poker tournaments – 25%.
- Slot machines, craps and card games – 50%.
Users are racking their brains over the idea of paying tax on winnings. However, in this case, we are talking only about large profits in the amount of 2 280 zlotys. If you managed to earn such a win, you will have to pay 10% tax. Often, such conditions are accompanied by money bets, games such as lotto, telebingo, and other types of lotteries and drawings. However, fans of slot machines, card and board games can breathe a sigh of relief.
So do connoisseurs of gambling need to pay tax on winnings at online casinos? If you started playing remotely at a casino registered in another jurisdiction, then you are not required to pay any type of fees to the British treasury. This is due to the fact that this operator does not operate under the laws of our country. The user does not need to record the amount won in the personal income tax calculation. But it’s important to choose real legal online casinos 2021. And our fan site will help you with that.
About legal casinos in United Kingdom
Fans of gambling prefer to play for real money in a verified and licensed club. So which online casinos are legal in United Kingdom? This list includes those gaming resources whose owners have received a license from reputable jurisdictions. At the moment, the license of the UK, the Maltese Gambling Authority or the license of the island of Curacao is considered the top one.
Despite this, lately, every country in the European Union has come up with methods of regulating gambling. To create a comfortable environment for players and to get dividends from it, countries are developing separate licenses. For example, Sweden created its own license to fill the state budget. The same can be said about the Netherlands or some US states.
Due to the lack of the possibility of obtaining a British license and the monopoly of the above casino, players from our country prefer to make money in clubs licensed from other neighboring countries. The question remains: “So can we consider foreign mobile legal casinos or regular PC clubs not prohibited in Great Britain?” Unfortunately not. Despite the amendments made to the law banning gambling in the country, online casinos continue to be considered illegal. Concessions attributed to bookmakers. All domains from the blacklist or the registry of prohibited domains are considered illegal. Hence the fact that Total Casino is the only gambling club. This is a monopoly owned by the British government.
Many people wonder why the law allows bookmakers from Europe to operate in Great Britain, which have received a local license and do not allow playing slots or cards online? The answer to this question is given by officials, who call slot machines and other casino entertainment more unsafe for residents. They say they are more addictive than sports predictions. There is simply no evidence for these words. In any case, you should not abuse gambling. Always stay in control of your game.
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