Key Moments: Industry estimates indicate that up to £60m may have been bet through illegal operators during this year’s Cheltenham Festival. Recent analysis suggests the illegal gambling market accounts for roughly 6% of all betting stakes in Britain. From April 2026, duty on online casino-style products rises from 21% to 40%, while horseracing betting duty stays at 15%. Escalating Stakes in the Unregulated Market Estimates by the Betting and Gaming Council suggest illegal operators may have handled up to £60m in wagers during the Cheltenham Festival. That is about £2m…
Read MoreConcerns Rise Over Illegal Gambling Activity at Cheltenham Festival
