Tuesday, July 15, 2025
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    First-Person Filming: Mini Cameras Transform Storytelling

    First-Person Filming: Mini Cameras Transform Storytelling

    How Institutions Protect Citizens’ Personal Data

    How Institutions Protect Citizens’ Personal Data

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    Microsoft Restructures Xbox and Sales Divisions Ahead of FY26: Fourth Wave of Layoffs Begins

    How to Use Chrome Developer Tools to Teach Math Logic

    How to Use Chrome Developer Tools to Teach Math Logic

    Cybersecurity

    How Software, Cybersecurity & VPNs Can Save You Money on Flights – Featuring VPNLY

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Is AI making Lewis Carroll’s Wonderland Weirder?

    Gbyte Recovery

    Gbyte Recovery Review: Can It Restore Deleted iPhone Contacts?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    How to Resolve “Restore Failed” Error in QuickBooks Desktop?

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

    The Future of Business Transactions: Leveraging Electronic Data Interchange (EDI)

  • Consumer
    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

    High street retailers are at a “crossroads”, says retail tycoon

    High street retailers are at a “crossroads”, says retail tycoon

  • Finance
    Understanding GBP’s Volatility Relative to EUR and USD

    Understanding GBP’s Volatility Relative to EUR and USD

    Forex

    Martingale Strategy in Forex: Theory vs. Reality in Volatile Markets

    XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make

    XRP-Led Altcoin Rally Rewrites the Crypto Playbook — Here’s Why AIXA Miner Is the Smartest Passive Move You Can Make

    Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed

    Card-to-Card as P2P Payment Infrastructure for E-commerce Platforms: Faster, Safer, No Bank Account Needed

    How to Use Real-Time Gold Charts for Better Trading Decisions

    How to Use Real-Time Gold Charts for Better Trading Decisions

    Rejoining Europe: What could it mean for the British economy?

    Rejoining Europe: What could it mean for the British economy?

    Understanding Finance and Why It Matters in Everyday Life

    Understanding Finance and Why It Matters in Everyday Life

    A Simple Guide to Buying Bitcoin for First-Time Investors

    A Simple Guide to Buying Bitcoin for First-Time Investors

    VPS Low Latency: Why It’s Important for Forex Traders

    VPS Low Latency: Why It’s Important for Forex Traders

  • Environment
    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?

    Why You Should Hire Waste collectors for efficient waste removal

    Why You Should Hire Waste collectors for efficient waste removal

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

    Choosing the Right Floating Dock Platform for Your Aquaculture Cages

  • Property
    6 Common Admin Mistakes that Property Managers Make

    6 Common Admin Mistakes that Property Managers Make

    Property Investment Strategy

    Interest Rate Hikes and How They Impact Your Property Investment Strategy

    How Local Storage Services Make Home Organisation Easy

    How Local Storage Services Make Home Organisation Easy

    Stay safe at home: The benefits of intruder alarms in St Helens

    Stay safe at home: The benefits of intruder alarms in St Helens

    Enhancing your home projects with essential hardware selection tips

    Enhancing your home projects with essential hardware selection tips

    5 Best Lifetime Mortgage Providers in the UK

    5 Best Lifetime Mortgage Providers in the UK

    Top 10 Sell House Fast Companies in the UK

    Top 10 Sell House Fast Companies in the UK

    Efficient storage solutions for stress-free home renovations

    Efficient storage solutions for stress-free home renovations

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

    Chelsea Residences – Exclusive Living in Dubai’s Prime Location

  • eCommerce
    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

    Personalized Shopping: How Technology is Transforming Retail

    Personalized Shopping: How Technology is Transforming Retail

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    How Can Ecommerce Businesses Learn From Entertainment Platforms?

    Magento Web Development Company: Unlocking the Power of E-Commerce

    Magento Web Development Company: Unlocking the Power of E-Commerce

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
580
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

The Big Bass Series Rise to Stardom

The Big Bass Series Rise to Stardom

July 15, 2025
481
10 Casino Tricks: How to Make Visitors Spend More Money?

10 Casino Tricks: How to Make Visitors Spend More Money?

July 11, 2025
471

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

The Big Bass Series Rise to Stardom
Entertainment

The Big Bass Series Rise to Stardom

July 15, 2025
481
10 Casino Tricks: How to Make Visitors Spend More Money?
Entertainment

10 Casino Tricks: How to Make Visitors Spend More Money?

July 11, 2025
471
The Best Slots Released in Recent Years
Entertainment

The Best Slots Released in Recent Years

July 10, 2025
482
Which Casino Games Should You Play Online?
Entertainment

Which Casino Games Should You Play Online?

July 10, 2025
476
Top Online Casino Games in the UK: A Comprehensive Guide
Entertainment

Top Online Casino Games in the UK: A Comprehensive Guide

July 8, 2025
403
Is Self-Exclusion Enough? Exploring Alternatives for Gamblers in 2025
Entertainment

Is Self-Exclusion Enough? Exploring Alternatives for Gamblers in 2025

July 8, 2025
489
Next Post
5 Gardening Affiliate Programs To Join in 2024

5 Gardening Affiliate Programs To Join in 2024

RECOMMENDED NEWS

Effective Cost-Cutting Measures for Start-Ups in 2024

Effective Cost-Cutting Measures for Start-Ups in 2024

12 months ago
502
How To Buy Fantom (FTM) Cryptocurrency: A Step-By-Step Guide

How To Buy Fantom (FTM) Cryptocurrency: A Step-By-Step Guide

2 years ago
553
Factors to Consider when Installing Solar Panels

Factors to Consider when Installing Solar Panels

3 years ago
460
London and Madrid Connect Nightlife To Claim Electronic Music and Club Culture as a Tourist Attraction

London and Madrid Connect Nightlife To Claim Electronic Music and Club Culture as a Tourist Attraction

2 years ago
405

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

Studs vs Hoops: Online Shopping Tips for The Best Earrings

Studs vs Hoops: Online Shopping Tips for The Best Earrings

July 15, 2025
Interview stress? Here’s how to manage your nerves and perform your best

Interview stress? Here’s how to manage your nerves and perform your best

July 15, 2025
The Big Bass Series Rise to Stardom

The Big Bass Series Rise to Stardom

July 15, 2025
How a Digital Marketing Agency Can Deliver Affordable Local SEO with Real ROI

How a Digital Marketing Agency Can Deliver Affordable Local SEO with Real ROI

July 15, 2025
Enhance Comfort, Style and Ambience with an Electric Fireplace Built to Last

Enhance Comfort, Style and Ambience with an Electric Fireplace Built to Last

July 15, 2025
Top Books and Resources for PEBC Exam Preparation

Top Books and Resources for PEBC Exam Preparation

July 15, 2025
The Benefits of Routine Cleaning Services for Busy Families and Professionals

The Benefits of Routine Cleaning Services for Busy Families and Professionals

July 15, 2025
Online Business

Home-Based Hustles: 3 Profitable Online Business Ideas

July 15, 2025
OEM

The Difference Between OEM, Aftermarket, and Manufacturer-Direct Excavator Parts

July 15, 2025
One-Day Culture

Micro-Experiences: How Londoners Are Embracing One-Day Culture

July 15, 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

Studs vs Hoops: Online Shopping Tips for The Best Earrings

Studs vs Hoops: Online Shopping Tips for The Best Earrings

July 15, 2025
Interview stress? Here’s how to manage your nerves and perform your best

Interview stress? Here’s how to manage your nerves and perform your best

July 15, 2025
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact