GamblingData has explained the basis of its calculations. At the core lies the prediction that the United Kingdom online gaming market will be worth £2.74 billion by 2015, which is more than double the 2008 volume. The present proposed rate of tax is 15%. Though this is under discussion, GamblingData has assumed this rate for its principal calculation. The research firm has further assumed that the rate of compliance will be 92.5%. Based on this the UK Treasury should collect up to £385.7 million as tax on online gambling in a 2015, which would be a revenue bonanza. Should a tax rate of 20% be eventually decided, then the tax collections would go up to a windfall amount of £514 million.
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