A new study conducted by the Social Market Foundation has revealed that over half of Britons support increasing taxes on online gambling. The survey, which included over 2,000 participants, found that 52% of respondents were in favor of increasing taxes on the rapidly expanding online gambling industry.
The findings come at a time when online gambling has become increasingly popular in the UK, with millions of Britons participating in online betting and casino games every year. The industry has seen significant growth in recent years, bringing in billions of pounds in revenue annually.
However, the survey also found that many Britons are concerned about the negative effects of online gambling, particularly on vulnerable individuals such as problem gamblers and young people. Over 60% of respondents said they were worried about the potential harm caused by online gambling, such as addiction and financial problems.
The Social Market Foundation has called for action to address these concerns, including increasing taxes on online gambling to fund support services for problem gamblers and to deter excessive gambling behavior. The think tank also recommended stricter regulations on online gambling operators to ensure they are acting responsibly and protecting vulnerable players.
The call for increased taxes on online gambling has been supported by several organizations, including the Royal College of Psychiatrists and the Salvation Army. They argue that more funding is needed to address the growing problem of problem gambling in the UK, especially among young people who are increasingly exposed to online betting and casino games.
The government is currently reviewing its policies on online gambling, with a focus on balancing the economic benefits of the industry with the need to protect vulnerable individuals. The findings of the Social Market Foundation survey are likely to influence the government’s decision-making process, as they reflect the concerns of a majority of Britons about the negative effects of online gambling.
Overall, the survey highlights the growing public support for increased taxes on online gambling in order to address the social and economic harms associated with the industry. As the government considers its options, it will be crucial to strike a balance between promoting responsible gambling and ensuring that online gambling operators contribute their fair share to support services for problem gamblers.