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Taxable gaming revenue from general betting operations

Gambling Duties Regulations 2022

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—(1) For the purposes of section 6(1) of the Act, the taxable gaming revenue of an authorised betting operator for a period from its taxable gambling undertaking mentioned in regulation 3 involving general bets is as follows:(a)for fixed odds bets made in connection with any sporting event — the total amount of gross betting profit worked out under paragraph (2) in respect of those fixed odds bets made with the authorised betting operator in connection with every sporting event taking place within that period;(b)[Deleted by S 695/2023 wef 01/10/2023](c)for other general bets — the amount of gross revenue worked out under paragraph (4) in respect of those general bets made with the authorised betting operator during that period.(2) The gross betting profit of an authorised betting operator from fixed odds bets made in connection with any particular sporting event, is the excess of the aggregate value in money received from each fixed odds bet made with the authorised betting operator in connection with the particular sporting event, over the aggregate value in money of —(a)the winnings paid; and(b)the cash out bets settled,by or on behalf of the authorised betting operator in connection with those fixed odds bets relating to that particular sporting event.(3) [Deleted by S 695/2023 wef 01/10/2023](4) The gross revenue of an authorised betting operator for a period from general bets mentioned in paragraph (1)(c) is the gross amount of all money wagered or staked in every such general bet made in that period with the authorised betting operator.

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