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Tax Changes, Internet Boost Betting Figures

UNITED KINGDOM – As reported by Ananova: "The abolition of tax on betting and the internet boom has boosted the amount of money gambled in the UK.

"It is up from £7.6bn (US$13.56 billion) to almost £40bn(US$49.27 billion) in just three years.

"Global Betting and Gaming Consultants' research attributed the explosion to the rise in online gambling and Chancellor Gordon Brown's decision to ditch tax on individual wagers.

"…Simon Holliday, a partner at GBGC, singled out the internet and the growth of soccer bets as vital to boosting UK firms' profits…"

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