Flutter Entertainment has spoken against the increased gambling tax in the UK and revealed it will hit their profitability, as starting from April 2026, the remote gaming duty on iGaming will increase to 40%. The adjusted EBITDA impact before mitigation is estimated to be $320 million in 2026 and $540 million in 2027 by Flutter’s
Flutter Entertainment has spoken against the increased gambling tax in the UK and revealed it will hit their profitability, as starting from April 2026, the remote gaming duty on iGaming will increase to 40%.
The adjusted EBITDA impact before mitigation is estimated to be $320 million in 2026 and $540 million in 2027 by Flutter’s calculations. The company plans to ease the burden by reducing promotional spending and operational savings. After mitigation, the net adjusted EBITDA is expected to be around $235 million in 2026 and $339 million in 2027.
Flutter’s UK and Ireland chief executive, Kevin Harrington, spoke on the issue:
“Today’s tax increases are a very disappointing outcome and will have a significant adverse impact on our industry. The Chancellor rightly wants to address harm, but these changes will hand a big win to illegal, unlicensed gambling operators who will become more competitive overnight. These black market operators don’t pay tax and don’t invest in safer gambling.”
Harrington assured that despite the tax raises, Flutter will be able to overcome the changes, thanks to its scale and position in the UK.
Last year, in 2024, before the tax increases were introduced, Flutter reported global revenue of $14 billion, operating brands like FanDuel, Sky Betting & Gaming, Paddy Power, Betfair, and PokerStars.