Betfred Warns Gambling Tax Hike Could Force Closure of All UK Shops
High-street bookmaker Betfred has issued a stark warning in national press that a planned increase in gambling taxation could force the closure of all 1,287 of its UK sportsbooks, putting around 7,500 jobs at risk.
The company claimed that if the tax burden on retail betting shops rose to around 35-40%, the operation would no longer be profitable. Current speculation ahead of the UK Budget points to a possible 30% tax rise on sports betting, and increases from 20% to 50% for online slots.
Betfred’s chief executive described the situation as “not being alarmist” but said the business faces grave risk. The warning comes amid a broader industry backlash, with rivals such as William Hill and Entain also hinting at significant downsizing if tax changes go ahead.
23 October 2025
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