News DCMS announces FOBT stake cut from April 2019
Category B2 Gaming Machine stakes to be cut from £100 to £2
- Date: 14 November 2018
- Author/Solicitor: Richard Bradley
“ The Secretary of State for Digital, Culture, Media and Sport has today announced that the widely anticipated stake cut for Fixed Odds Betting Terminals (FOBTs) is to be brought forward from October to April next year.
The Government’s planned increase to Remote Gaming Duty, which is paid by online gambling operators, will also be brought forward to April to cover any negative financial impact on public finances.
We previously commented on the FOBT stake reduction earlier this year and details can be found here.”
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