
British Shadow customs Secretary Harriet Harman, who week that is last her plans for an extra levy on all types of sports betting, online and off. (Image: theguardian.com)
The stock market had reacted badly to news that the UK Labour Party is planning a levy that is multimillion-pound all sports betting, online and off, should it be elected in 2015. Ladbrokes plc dropped 3.16 percent, while William Hill plc fell 2.88 percent immediately following the statement by Labour’s Shadow society Secretary Harriet Harman week that is last. The levy shall be much like that currently applied to horseracing betting, the revenue from which, some £82 million ($139.314 million) in 2014, is ploughed back in the horseracing industry.
More Money, More Sports
The scheme that is new element of Labour’s ‘More Sport for All’ incentive, which will start to see the extra revenue raised from sports gambling going primarily to the growth of grassroots activities, with some going to the remedy for problem gambling. Harman also said the introduction is being considered by her of a ‘proper levy’ on revenue derived by the Premier League through the purchase of soccer television rights, which are going to be used on developing grassroots soccer.
‘we had been all proud to host the Olympics and Paralympic Games in London couple of years ago but instead of seeing increased involvement, things have got worse especially amongst young people as a result of Continue reading
