Britain’s Office for Budget Responsibility said finance ​minister Rachel Reeves is set to ‌increase duties on gambling in the country in a move ‌which will raise an estimated 1.1 billion pounds ) for the government by 2029-30.

The gambling industry is going to be taxed more, to raise more than £1bn, the chancellor will reveal in the budget.

The OBR’s analysis of Rachel Reeves’s budget, called the Economic and Fiscal Outlook, says that the changes to gambling taxes will raise £1.1bn.

Among the measures will be the introduction of a new rate of general betting tax for gambling online, which will be set at 25%.

But the horse-racing industry has been protected and will be exempt, along with a number of other areas.

The document states: “Several changes to gambling duties have been announced in the budget which overall are estimated to raise £1.1 billion by 2029-30. 

“From April 2026 there will be an increase in remote gaming duty from 21 to 40 per cent and abolition of bingo duty from its current 10 per cent rate. 

“From April 2027, a new rate of general betting duty for remote betting will be introduced at 25 per cent, excluding self-service betting terminals, spread betting, pool bets, and horseracing. 

“The Government has also announced a freeze in casino gaming duty bands in 2026-27 with the usual RPI [retail price index – inflation] uprating thereafter.”

The new taxes will impact companies like Ladbrokes owner Entain, William Hill UK and 888-owner Evoke ​and Flutter.