What you need to know about gambling laws in the UK

Online gambling is a very large part of the economy of Britain. It is one of the most popular pastimes for Brits today. The UK is home to some big bookmakers and the industry is regulated quite well in order to protect the interests of the players. There are various advantages for UK players when they are gambling at these sites. The best news however, is that all the money you have won through gambling is tax-free. Considering the number of countries out there which don’t have a stand with regard to gambling, the UK has a pretty clear stand.

Gambling is rooted quite deeply in the culture of Britain with lotteries, sports betting and bingo being a very important part of the country since the 20th century. With the rise of the Internet, a lot of these industries have moved online and quite a bit of online traffic is coming from online casinos in the UK. Gambling services can only be offered by operators licensed by the UK Gambling Commission. Before this commission existed, gambling was regulated by a number of outdated legislature pieces. All of the legislation made no sense in the world of online gambling. So it’s kind of a good thing that this changed.

The UK Gambling Commission was set up as a separate, non-departmental body funded by the Department of Culture, Media & Sport in the UK. It’s the premier authority when it comes to online gambling in the UK. It is responsible for all forms of commercial gambling in the country. It oversees every sector of gambling including betting, arcades, bingo, lotteries, casinos, gaming machines, etc. The only thing that doesn’t fall under the purview of the commission is speed betting. So, if you decide to go online and gamble in the UK, you don’t need to worry, you’re interests are very well protected.