Online Gambling in the United Kingdom
Online Gambling in the United Kingdom is legal in all its variety according to the Gambling Act 2005 which is still on effect. The fulfillment of the United Kingdom gambling regulations is supervised by the Gambling Commission, which is the body responsible for the regulation of terrestrial gambling venues as well as the online gambling sites in the United Kingdom. In this respect, all online casinos in the United Kingdom, along with the online betting sites in the United Kingdom, or other types of online gambling providers, as well as their brick-and-mortar counterparts, are licensed and regulated by the Gambling Commission. Since November 2014, all companies that intend to make an offer on the British market need to obtain a license from the UK Gambling Commission.
The UK is also a hotspot for online gambling of all kinds. Not only is it popular among residents, but it's made easy since there is nothing in current legislation which makes it illegal, or seeks to prevent British residents gambling on the internet in their own homes. In fact, the UK Gambling Commission grants licenses to companies that wish to set up online gambling sites, letting them operate from within UK territory and serve customers in other parts of the world.
Levying a 15% tax on Gross Gaming Revenue encouraged several companies to get their licenses elsewhere. Some of the UK’s largest online gambling groups moved their offices offshore, where taxes are lower. A new law which came into force on November 1, 2014, has made sure that gambling operators won’t be able to get away with this little trick. As of this date, all companies wishing to be present on the British market need to obtain a license from the UK Gambling Commission.
Gambling in the United Kingdom
All forms of land-based gambling, as well as online gambling sites in the United Kingdom, are legal as of October 2018. The Gambling Commission is the responsible regulator of the land-based as well as the online gambling in the United Kingdom. In this respect, all brick-and-mortar casinos in the United Kingdom, as well as the betting shops or any other types of gambling providers are licensed and regulated by the Gambling Commission.
The first form of gambling to be regulated was the lottery, which was established in the mid 1930s. The years following World War II saw a massive surge in the country’s interest in gambling, but it wasn’t until later that the industry became well-regulated. The early 1960s saw the emergence of regulation and taxation of everything from casinos to off-course betting shops. Initially, only small venues with a few game machines were allowed, but new regulations under the Gambling Act of 2005 opened the way for large-scale casinos.
Today, the gambling industry in the United Kingdom is enormous. Bingo is immensely popular, bingo halls can be found even in the smallest towns and there' an abundancy of online bingo sites in the United Kingdom. Besides this, most of the pubs also possess at least one gambling machine.