A FRESH tax raid on slot machines would drive punters into the black market, a new report claims.
The industry is fearing a tax bashing after former Prime Minister Gordon Brown called for Machine Games Duty to double to 50 per cent.
AlamyPunters will flee to the black market if slot tax is doubled, a new report has warned[/caption]But the Budget bonanza would exacerbate illegal gambing, a report by the Adam Smith Institute claims.
Maxwell Marlow, Public Affairs Director at the ASI, added: “Adult Gaming Centres ensure that gamblers are not sold intoxication whilst they bet, and provide safeguarding for punters throughout their experience.
“Whilst there is little wrong with online gambling, it occurs without additional guards in place for if the experience turns sour.
“If the government wishes to treat gambling as a subject of public health, then adding higher taxes and regulatory hurdles to the safer forms of betting is irrational.”
“Adding higher taxes and regulatory hurdles to the safer forms of betting is irrational.”
Christopher Snowden, Head of Lifestyle at the IEA, said: “We have a government that seems intent on pushing gamblers to an unregulated, offshore market that neither creates jobs nor pays taxes in this country.”
The ASI and IEA called for ministers to scrap Machine Games Duty or cut it to 15 per cent, in line with General Betting Duty.
They call for the 80/20 rule to be reformed or binned entirely, unlocking up to £700million in extra gaming revenue.
They also want stake and payout limits on machines updated with inflation, including raising the £2 stake to £3.21 and maximum pay-outs up to £800.
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