Rules and Regulations for Gambling in the UK
Gambling is part of the economy in the UK and with online gaming becoming increasingly popular it will only become more a part of the economy. Are you interested in learning how to gamble online in the UK? Perhaps you’ve been playing for quite a while but never really looked into the laws and regulations of online gambling? Maybe you just want to educate yourself without having a desire to play? Either way, there are some basic things to know when it comes to UK casino regulations.
First, let’s talk a little bit about the history of gaming laws in the UK. In the UK gambling has deep roots. It’s been around since early on in the 20th century. Sports betting, bingo, and lotteries are all forms of gaming in the UK. In fact, the very first national lottery took place in England in 1694, which parliament authorized.
In order to advertise and offer gambling services to UK residents and operator or an individual needs to be fully licensed by the UK Gambling Commission. However, it should be noted that with 35% of gambling in the UK coming from online casinos sometimes residents are playing under foreign laws.
In 1960, The Betting and Gambling Act allowed for commercial bongo halls to operate legally. On May 1st, 1961 Betting Shops became legal and within six months of that about 10,000 shops sprung up. Bookies were forced to “go legit” or risk losing their hole empire.
In 1968, The Gaming Act was passed and that allowed for table games at commercial casinos to be set up. The Betting and gaming duties Act of 1981, established guidelines for offshore betting.
The Gambling Act of 2005 was a way the authorities tried to ensure regulations on gambling so it didn’t become a source of crime, prevent underage betting, and provide an open and safe gambling environment. The law states that if you want to operate and advertise to British players then you have to be licensed with the UK Gambling Commission. The Act also states that it is completely legal to gamble online if you are a UK resident. You can also establish a gambling service if you so desire, as long as you are credentialed.
The gambling Act of 2015 established the UK Gambling Commission and pretty much was the full circle of the cycle and UK residents now have a great environment to gamble in.
One of the basic laws in the UK is that anyone over the age of 18 is allowed to gamble whether it be online or in a casino. You will not be required to pay taxes on your gambling winnings, however, the UK does have several strict regulations that are in place to ensure fair play.
UK residents should feel completely at ease because they are playing in one of the safest gambling environments around.