A recent YouGov poll indicates that a significant 90% of UK betting shop customers engage in additional spending or activities in their local area during their visits. The survey, which involved 1,475 adults across the UK, revealed that nearly five out of ten users do this on almost every visit.
The report, shared by prominent operator Entain, emphasizes the economic contributions of retail betting establishments in the UK, especially in light of the upcoming autumn budget. Entain operates multiple betting shops under the Ladbrokes and Coral banners.
Bejay Patel, managing director for the UK and Ireland at Entain Group, noted that the research highlights the importance of betting shops to both high streets and local economies. “This research confirms what our hard-working colleagues know to be true – betting shops are a cornerstone of every high street and provide a boost to local business,” Patel stated. He urged recognition of the essential role these establishments play in the economy and local communities.
In addition to economic implications, the YouGov survey also touched upon the social role of betting shops. It found that 68% of respondents view these shops as established parts of high streets, and 60% believe they help sustain local jobs. Moreover, 76% of betting shop patrons view them positively as social venues, with ratings comparable to those of cafés (77%).
Entain has launched the What’s at Stake campaign to highlight the benefits of betting shops.
However, the current landscape for UK retail betting shops is challenging. Both Betfred and Evoke have shut down numerous locations this year. Recently, Flutter announced that around 1,400 jobs within its UK and Ireland operations are at risk due to a restructuring effort.
The sector has faced substantial strain from the increase in remote gaming duty from 21% to 40%, effective from April. Additional pressures are anticipated ahead of the autumn budget, with Labour MPs urging Chancellor John Healey to raise machine games duty, possibly from 20% to 40%. Reports suggest it may be limited to 25%.
Grainne Hurst, CEO of the Betting and Gaming Council, expressed concern over any potential tax hike, asserting that even a 5% increase would further burden an industry already grappling with significant tax rises. “Any further tax increase would heap more pressure on an industry already facing substantial tax rises, threatening jobs, high streets, and vital funding for British racing,” she remarked. Hurst urged the Chancellor to weigh the broader economic impacts of further tax increases, advocating for the protection of jobs, businesses, and British sport dependent on the regulated betting industry.
