HBLB Expecting Record £105m in Levy Payments for 2023-24

According to recent reports, the Horserace Betting Levy Board (HBLB) anticipates a record high in levy payments, estimated to be around £105m (€123m/$134m) for the fiscal year 2023-24. This marks an unprecedented growth in the betting industry, with major implications for the iGaming and sports betting sectors.

Unprecedented Growth Amid Challenges in the Industry

The HBLB's announcement comes as somewhat of a surprise, given the recent challenges faced by the industry, and serves as a clear indication of the resilience and adaptability of the U.K's betting and gaming sector. It also attests to the significant role the online gambling industry plays in contributing to the economy, particularly during trying times.

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BGC Praises Member's Commitment to the Scheme

The Betting and Gaming Council (BGC) has not held back in their praise for their member's commitment to the scheme, further solidifying faith in the industry's future. What does this mean for the future of online gambling? The unprecedented growth opens up opportunities and paves the way for innovative growth in the sector, making it an exciting time to be a part of the iGaming industry.