Flutter expects UK market share gains as gaming tax pressures smaller operators
By The Weekly Edge desk · · Updated
Summary
Flutter expects to gain UK market share as higher gaming tax pressures smaller operators, reported by iGaming Business. Richard Clarke, managing director at Paddy Power and Betfair, said Flutter expects a £500m impact from next year. He warned that faster growth in unlicensed gambling would undermine gains for regulated operators.
Why it matters
Flutter expects its scale to support market share gains, while the tax increase adds £500m in expected costs from next year.