In the UK, gambling winnings are tax-free, whether you win £50 on a football bet or £1 million in the lottery. Unlike many countries, no income tax or capital gains tax applies to prizes from casinos, sports betting, bingo, or online gambling. This rule has been in place since 2001, when the tax burden shifted
In 2025, gambling remains a massive global industry, with over 1.6 billion regular gamblers and 4.2 billion people gambling annually, representing 26% of the world’s population. The global gross gaming revenue (GGR) hit $618.69 billion, while the online gambling market alone is worth $117.5 billion, growing at a 10.6% CAGR. Countries like the USA ($63.17B)
Imagine applying for your dream home loan only to have it flagged because of a few gambling transactions on your bank statements. Gambling can affect a mortgage with a lender, but the extent depends on how you manage it. Factors such as financial instability and a history of frequent or high-risk gambling can raise concerns
Think your recent trip to the casino only affects your wallet? The answer isn’t so simple. While gambling itself doesn’t directly impact your credit score, the financial behaviors associated with gambling can severely damage your creditworthiness. This three-digit number determines your ability to secure mortgages, credit cards, and favorable interest rates. In this guide, I’ll
Men gamble significantly more than women across all categories and age groups. Males are twice as likely to engage in frequent gambling compared to females. Around 28% of men participate in regular gambling activities. On the other hand, only 13% of women are involved in gambling. This gender gap extends beyond participation rates to problem
Celebrity poker players have transformed the game from smoky backrooms to glamorous high-stakes arenas, where A-listers like Tobey Maguire and Ben Affleck compete for millions alongside professional players. These entertainers have demonstrated that poker success requires the same dedication and strategic thinking as their primary careers, with many earning genuine respect from the global professional
In the UK, gambling represents a substantial leisure activity, with British gamblers spending approximately £14 billion annually. From high-street bookmakers to online casinos, betting has become firmly embedded. While gambling is a popular pastime, its rapid growth, especially online, has sparked rising concerns about its safety and long-term effects. How safe is gambling in the
Gambling in the UK is governed by some of the world’s strictest and most detailed regulations. Every bet, spin, or wager is subject to laws designed to protect players and ensure fairness across all platforms. As of April 2025, online slot stakes are capped at £5 per spin for players aged 25 and over, and
Poker has evolved from smoky backroom games to a global phenomenon attracting millions of players worldwide. Bryn Kenney and Justin Bonomo, with earnings of over $75 million and $65 million, demonstrate how poker can create millionaires. This article examines the richest poker players in the world, exploring how they amassed their fortunes through tournament victories,
According to the latest 2024 data from the Gambling Commission, around 48 percent of adults in the UK, around 25.75 million people, take part in some form of gambling. Among them, online gambling is slightly more popular, with 37 percent preferring to gamble online, compared to 29 percent who stick to traditional offline methods. This
