Flutter to cut up to 1,400 UK and Ireland jobs after gambling duty rises
Flutter blames higher UK gambling duties for the restructure of its division of about 9,000 staff, with costs of $80m-$90m due in Q4 2026.
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RegulatedOnline casino, betting, bingo and B2B software licensed by the Gambling Commission under the Gambling Act 2005.
Great Britain is one of the largest regulated online gambling markets in Europe. Anyone who provides remote gambling facilities and advertises to consumers in Great Britain needs a licence from the Gambling Commission, and the licensing regime also covers B2B software suppliers and game hosts.
The Commission's Industry Statistics for April 2025 to March 2026 put total Gross Gambling Yield (GGY), including all reported lotteries, at £17.5 billion. The Remote Casino, Betting and Bingo (RCBB) sector generated £8.3 billion of that, up 6.9 percent on the previous financial year. Most of the regulatory work of the past two years has targeted online slots, promotions and customer spend controls.
The Gambling Commission licenses and regulates gambling under the Gambling Act 2005. It offers three types of operating licence: non-remote, remote and ancillary. Applicants do not have to be incorporated in any particular jurisdiction. However, section 69 of the Act requires a UK address at which documents can be served, and that address has to be kept for the life of the licence. When it assesses an application, the Commission looks at identity and ownership, finances, integrity, competence and criminality.
The Commission's list of licence activities covers the main online verticals:
Affiliates are not licensed directly. The operators they work for are responsible for them.
9 April and 21 May 2025: online slots stake limits. A new condition on all remote casino operating licences caps the stake per online slots game cycle. The £5 limit for all adults started on 9 April 2025. The £2 limit for customers aged 18 to 24 started on 21 May 2025. The caps cover online slots only, not games such as roulette or blackjack.
6 April 2025: statutory levy. The statutory gambling levy started under the Gambling Levy Regulations 2025. It replaced voluntary research, education and treatment contributions. The Commission collects it and DCMS sets the rates.
31 October 2025: financial limits. Operators must now:
These requirements are set out in the Commission's 7 October 2025 update.
19 January 2026: promotions. The wagering cap and the ban on mixed-product offers took effect.
1 April 2026: Remote Gaming Duty. HMRC raised Remote Gaming Duty from 21% to 40% and abolished Bingo Duty from the same date. A new 25% remote betting rate within General Betting Duty is due from 1 April 2027. Remote bets on UK horse racing are excluded and stay at 15%. HMRC's rates table lists 40% for the 2026 to 2027 tax year.
7 July 2026: Financial Risk Assessments. The Commission confirmed a staged rollout of Financial Risk Assessments, which Credit Reference Agencies will carry out:
23 July 2026: B2B supply-chain enforcement. Evolution Malta Holding Limited, which holds gambling software and game host licences, agreed to pay £4.75 million after its games appeared on six unlicensed websites accessible from Great Britain.
30 September 2026: deposit limits. After an implementation extension, operators must now offer gross deposit limits. Only this type of limit may be called a "deposit limit", and it must be shown with at least equal prominence to other financial limits. The same date, Ruth Evans began a five-year term as the Commission's Chair.
Flutter blames higher UK gambling duties for the restructure of its division of about 9,000 staff, with costs of $80m-$90m due in Q4 2026.
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