Wednesday, October 8, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    How to Choose the Right Analytics Tools to Improve Your Payment Workflow

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Navigating the Magic of UI Animations: Unveiling the User Experience

    Application Services

    Belitsoft Lists Top 5 Trends Shaping Managed Application Services in 2025

    How Technology Ensure Safe and Secure Online Gaming with Eat and Run Verification

    Smart Building Technology Integration: Future-Proofing Hospitality Through Intelligent Systems

    Laptop

    Laptop Running Slow? A Technician’s Guide to Performance Restoration

    Woman in a red dress wears a VR headset, standing in front of a vibrant digital backdrop with blue and pink glowing lines, creating a futuristic feel.

    The Future of Online Entertainment: What’s Next for a Digital Generation

    How businesses can balance AI innovation with online security

    How businesses can balance AI innovation with online security

    Modern office with two people working at desks, each focusing on computer screens displaying code. The room is dimly lit, creating a focused atmosphere.

    Top 10 Bespoke Software Development Companies in 2025

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

    Before the Alarm Sounds: The Life-Saving Power of Fire Preparedness

  • Consumer
    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Understanding the Baby Monitor Market: What’s Driving Growth and Innovation

    Craving Connection: Why Food Gifting Is the New Love Language

    Craving Connection: Why Food Gifting Is the New Love Language

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to Celebrate Milestones from Afar: The Rise of Digital Gifting in the UK

    How to adjust glasses at home – a step-by-step guide!

    How to adjust glasses at home – a step-by-step guide!

    Why quality toilet cubicle hardware matters

    Why quality toilet cubicle hardware matters

    Common Mistakes in KYC Identity Verification

    Common Mistakes in KYC Identity Verification

    Consumer habits

    British Furniture Market Sees Significant Changes in Consumer Preferences

    Why are high-street bookmakers declining in the UK?

    Why are high-street bookmakers declining in the UK?

    Straps for smartwatches: The Complete guide

    Straps for smartwatches: The Complete guide

  • Finance
    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    Solana Crypto Casino: Why Speed Isn’t Just a Feature – It’s the Foundation

    How workplace pensions have changed in the UK

    How workplace pensions have changed in the UK

    Computer monitor, calculator, keyboard, mouse, smartphone, and wireless earbuds on a pink surface, creating a modern and tech-focused scene.

    Surprising Tools That Can Help You Manage Your Money

    Close-up of a smartphone screen showing stock data with a dark background. Companies listed include Boeing and Disney. Graph lines suggest market trends.

    Best Online Forex Brokers for High Leverage and Risk Management

    Person holding a smartphone displaying a stock market graph, with a laptop showing financial data in the background. The mood is analytical and focused.

    Top 5 Mutual Funds in the UAE (2025)

    Glass vase containing a money plant, symbolizing savings and financial growth.

    Building Generational Wealth: How Professionals Can Plan Beyond Their Lifetime

    Close-up of the word gambling

    UK gambling tax debate: simplification or squeeze?

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Net Worth of Pastor Chris Oyakhilome: 15 Key Contributors

    Visual guide on starting a business plan, highlighting key accounting and finance elements for new entrepreneurs.

    Finance vs accounting: Key differences and career paths

  • Environment
    Aerial view of London shows Thames River, bridge, and cityscape with modern and historic buildings

    Why Air Pollution Control Systems are Important

    Five Ocean Discoveries That Could Change How We See the World

    Five Ocean Discoveries That Could Change How We See the World

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Choosing the Right Sustainability Partner: How Eco-Efficient Tech Transforms Industry

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    Moving Abroad? Here’s What to Expect – and Why Cardboard and Plastic Waste Removal Is Essential After Unpacking

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    How Weather Events Like Heavy Rain or Heatwaves Affect Pest Activity

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    Building a Carbon-Competitive Advantage with Sustainability and Decarbonization Consulting

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    The Lost Art of Orienteering: Why Map and Compass Skills Still Matter

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Sustainability in Dining: Reducing Waste for a More Profitable Future

    Environmental Benefits

    What Are The Environmental Benefits Of Choosing Eco-friendly Rubbish Removal In Croydon?

  • Property
    Orange and white Mediterranean buildings with blue railings under a clear sky in Limassol, Cyprus. The bright colors and sunny day evoke a cheerful, tranquil vibe.

    Modern vs Traditional: The Range of Houses for Sale in Limassol

    Real Estate in Dubai

    Real Estate in Dubai: Strategic Investment Insights for 2025

    Safe asbestos management for homeowners

    Safe asbestos management for homeowners

    Angular, metal sheet wall with diamond patterns behind a dark railing, conveying an industrial feel. The texture is reflective and geometric.

    7 Design Concepts That Use Decorative Metal Sheets

    Worker repairs a red-tiled roof, balancing on scaffolding. They wear protective gear under a clear blue sky, conveying focus and diligence.

    The Complete Guide to Roof Repairs: What Every UK Property Owner Needs to Know in 2025

    A Comprehensive Guide on an Inline Extractor Fan

    A Comprehensive Guide on an Inline Extractor Fan

    Red door labeled "Fire Exit Keep Clear," indicating it should remain unobstructed for safety.

    Fire door compliance: Essential considerations for contractors and housebuilders

    Furnished Apartments

    London Serviced Apartments: A Growing Trend Among Modern Travellers

    Close-up of Bungalow Houses

    The Key Reasons Park Bungalows Are A Smart Investment

  • eCommerce
    Winning PPC Strategies for E-Commerce Brands

    Winning PPC Strategies for E-Commerce Brands

    SEO Agencies

    How To Audit Your Ecommerce Site Structure SEO? A complete Step-by-step Guide for Beginners

    Ecommerce Platform

    What Makes a Global Ecommerce Platform User-Friendly

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    From 1688 to shopee: the singaporean seller’s guide to paying china suppliers

    The Importance of Digital Valuations for UK Ecommerce Brands

    The Importance of Digital Valuations for UK Ecommerce Brands

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    Blink-and-Buy: Designing Checkouts That Convert in Under 10 Seconds

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    High Stakes Strategies: Lessons E-commerce Entrepreneurs Can Learn from Casinos

    Amazon Expert

    Amazon Expert: Key Qualifications to Look For

    Boosting Ecommerce Revenue with Smart Targeting Strategies

    Boosting Ecommerce Revenue with Smart Targeting Strategies

No Result
View All Result
Today News
Home Entertainment

Financial impacts of legalized sports betting on the UK economy

David Prior by David Prior
June 24, 2024
Reading Time: 4 mins read
Financial impacts of legalized sports betting on the UK economy
584
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

The legalization of sports betting has brought about a great deal of improvements in the United Kingdom’s local economies. The UK government’s relaxation of the betting law has also seen several negative ramifications. This guide covers both ends of the spectrum, highlighting the most significant financial effects of regulated betting in the UK.

These effects have been felt across different sections of the local economy, including revenue from taxes, unemployment rates, etc. Here’s a look at areas of the economy most impacted.

Related posts

Magis TV APK – Best Streaming for Live Football Sports and Movies

Magis TV APK – Best Streaming for Live Football Sports and Movies

October 6, 2025
302
Rolling Logic: Why Dice Crypto Games Keep Growing Without Changing the Rules

Rolling Logic: Why Dice Crypto Games Keep Growing Without Changing the Rules

October 2, 2025
554

Positive effects of sports betting on the local economy

These are the main advantages of regulated betting on the financial economy:

Economic growth and tax revenue  

This is the most significant effect of legalizing sports betting on the UK’s local economy. 

The sports betting sector is currently a multi-billion-pound industry, contributing to the economy’s growth. Tax revenue is also a big part of this growth. With the betting companies well regulated and millions of pounds being paid as tax, the increase in tax revenue has afforded the government more public funds to bolster its economy and maintain relevant infrastructure.                                                                                                                                                                                                                                                                                                                                                                                                              

Creation of employment

Job creation is also one of the effects of sports betting legalization in the UK’s local economy. The rapid increase of sports betting shops, online platforms, and 3rd party service providers has created more job opportunities. Shops have become heavy employers of workers in towns and cities, while the UK’s leading online bookmakers have increased the demand for customer service and IT personnel. The technology space has also grown, increasing demand for operational and security software by betting platforms.

Tourism   

Sporting events such as Football matches, horse racing, and tennis tournaments have always attracted local and international tourists.  Most of these tourists watch live events and bet on them, Particularly those from regions with strict betting laws and restrictions. This connection between sports, betting, and tourism comes with increased revenue for local economies of areas, especially those hosting sporting events.

Negative effects of sports betting on the local economy

The most significant drawbacks include the following:

Gambling addiction and care

Gambling addiction is an effect of sports betting legalization that is on the opposing side. The risk of gambling addiction becoming a problem is a genuine concern. It brings about low productivity within the workforce. It also costs the government a significant amount of revenue to set up support and mental health care systems for those who are battling with gambling problems.

Cannibalization of local business 

The financial impact of the legalization of sports betting on local businesses is an almost symbiotic relationship. Although it brings several financial benefits to the table, there are lots of downsides, too. Particularly, it draws traffic away from businesses where bettors would have otherwise spent their disposable income, such as the hospitality and entertainment sectors. Money that might have been spent in restaurants, pubs, or local stores can be redirected to betting activities.

Generally, the financial effect of sports betting on the UK’s local economies has been significant. It has provided the government with a deeper pocket and increased revenue, which has helped strengthen the economy. Other local businesses have suffered as a result, and there’s an increasing need for gambling care and addiction prevention. It’s hard to say if the benefits outweigh the drawbacks, but the current state of legal betting isn’t going to change anytime soon.

David Prior

David Prior is the editor of Today News, responsible for the overall editorial strategy. He is an NCTJ-qualified journalist with over 20 years’ experience, and is also editor of the award-winning hyperlocal news title Altrincham Today. His LinkedIn profile is here.

Previous Post

Free Spins No Deposit – A Comparative Deep-Dive

Next Post

5 Gardening Affiliate Programs To Join in 2024

Related Posts

Magis TV APK – Best Streaming for Live Football Sports and Movies
Entertainment

Magis TV APK – Best Streaming for Live Football Sports and Movies

October 6, 2025
302
Rolling Logic: Why Dice Crypto Games Keep Growing Without Changing the Rules
Entertainment

Rolling Logic: Why Dice Crypto Games Keep Growing Without Changing the Rules

October 2, 2025
554
What Should First-Time Crypto Gamblers Know Before Making a Deposit
Entertainment

What Should First-Time Crypto Gamblers Know Before Making a Deposit

October 1, 2025
369
MagiSTV
Entertainment

Is MagiSTV APK Safe? Pros, Cons & Alternatives 

September 23, 2025
444
The Comeback of Roulette in UK Casinos: Shaking Off Years of Slot Machine Dominance
Entertainment

The Comeback of Roulette in UK Casinos: Shaking Off Years of Slot Machine Dominance

September 22, 2025
486
HBO Max
Entertainment

Warner Bros. Discovery CEO Considers HBO Max Streaming Under-priced

September 19, 2025
558
Next Post
5 Gardening Affiliate Programs To Join in 2024

5 Gardening Affiliate Programs To Join in 2024

RECOMMENDED NEWS

Essential Gardening

7 Essential Gardening Tools You Need 

2 years ago
685
What Sports Give, Besides Health

What Sports Give, Besides Health

4 months ago
460
From Infrastructure to Innovation: Pape-Dawson Rises as a Trusted Civil Engineering Partner in Nashville

From Infrastructure to Innovation: Pape-Dawson Rises as a Trusted Civil Engineering Partner in Nashville

3 months ago
30
5 Best UK-Based Casino Game Developers

5 Best UK-Based Casino Game Developers

3 years ago
637

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Energy
  • Engineering
  • Entertainment
  • Entrepreneurs
  • Environment
  • Fashion
  • Finance
  • Food & Drink
  • Gaming
  • Gardening
  • Health
  • Insurance
  • Interiors
  • Legal
  • Leisure
  • Lifestyle
  • Manufacturing
  • Marketing
  • National
  • News
  • Opinion
  • Pets
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel
  • Uncategorized

BROWSE BY TOPICS

Agency AI autosmart banking Beauty business Christmas construction cyber security data digital Digital Marketing Services ecommerce entertainmnet finance fitness Forex health inflation insurance kitchen KYND lifestyle manchester music News north overseas Personal Injury Pharmaceutical Industry property Real Estate recruitment Sir Michael Morpurgo Skincare sports technology tourism travel UK vehicles Warkworth village watch workspace yorkshire

Latest news

chain

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
Kiln Dried

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
Coping

Coping with Relapse: Why Setbacks Can Become Comebacks

October 8, 2025
Personal Transformation

From Surviving to Thriving: How Recovery Unlocks Personal Transformation

October 8, 2025
Meditation

The Role of Mindfulness and Meditation in Long-Term Sobriety

October 8, 2025
Addiction

Rebuilding Self-Worth After Addiction: A Journey of Self-Compassion

October 8, 2025
Three overlapping UK £5 notes on a black background, each featuring a portrait of a woman, intricate designs, and blue-toned colors, conveying currency theme.

The Hidden Risks of Sending Money Abroad the “Old-Fashioned” Way

October 7, 2025
Black and white image of a rock band performing on stage. The lead singer passionately sings at the center, surrounded by dramatic smoke and dynamic lighting.

Manchester’s Best Musical Exports of All Time

October 7, 2025
Arsenal in Good Shape To End Premier League Title Wait

Arsenal in Good Shape To End Premier League Title Wait

October 7, 2025
Why UK Business Leaders Are Rethinking Traditional Productivity Strategies

Why UK Business Leaders Are Rethinking Traditional Productivity Strategies

October 7, 2025

Today News

  • About
  • Write for us
  • Contact
  • Privacy Policy

@2024 Rooftree Publishing Ltd

Today News in association with Kajino.com

Sign up for our newsletter




  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce

Recent News

chain

Gold vs Diamond Chain: Which One Should You Actually Buy?

October 8, 2025
Kiln Dried

Stay Warm This Winter: Why Kiln Dried Logs Are the Best Choice for UK Homes

October 8, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact