Football Pools: Excise Duties

Treasury written question – answered on 29th January 2019.

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Photo of Chris Stephens Chris Stephens Shadow SNP Spokesperson (Fair Work and Employment)

To ask the Chancellor of the Exchequer, what assessment he has made of the effect on the (a) finances and (b) usage of the football pools of the reduction in pools duty from 15 per cent to 10 per cent.

Photo of Robert Jenrick Robert Jenrick The Exchequer Secretary

Pool Betting Duty raises around £4m in revenue for the Exchequer per year. Cutting Pool Betting Duty to 10% could pose a risk to the public finances from a reduction in General Betting Duty revenue as bookmakers would have an incentive to switch their products from fixed odds bets to pools bets.

It is unlikely to increase usage of the football pools which has been in long term decline due to the poplularity of other gambling products.

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