Flutter says UK gambling duties to hit EBITDA by $320 million in 2026
Published by Global Banking and Finance Review
Posted on November 27, 2025
1 min readLast updated: January 20, 2026
Published by Global Banking and Finance Review
Posted on November 27, 2025
1 min readLast updated: January 20, 2026
Flutter Entertainment anticipates a $320 million EBITDA impact in 2026 due to UK gambling tax hikes, with further increases expected in 2027.
(Reuters) -FanDuel-owner Flutter Entertainment said on Wednesday the UK government's plans to raise online gaming taxes will hit its adjusted EBITDA by about $320 million in fiscal 2026 and $540 million in 2027 before it can mitigate the impact.
British finance minister Rachel Reeves earlier today said the tax rate on online gaming will rise to 40% from 21%, while sports betting will increase to 25% from 15%.
(Reporting by Bipasha Dey in Bengaluru; Editing by Leroy Leo)
EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure used to analyze a company's operating performance and profitability.
Online gaming tax refers to taxes imposed on the revenue generated by online gambling activities. In the UK, the tax rate for online gaming is set to increase significantly.
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