Healey raises Machine Games Duty to 25% to fund high street support
Chancellor John Healey announced in the Budget an increase in Machine Games Duty from 20% to 25% for higher-stakes machines, effective April 2027, to fund a high street support package including business rates relief. The rise is below the 40% sought by campaigners. The Betting and Gaming Council warned it could lead to nearly 1,000 betting shops and casinos closing or being at risk, citing EY modelling. Investors welcomed the smaller-than-feared increase, with shares in Entain, Rank Group and Evoke rising. The Budget also included a £100 council tax rebate for up to 20 million households in England in bands A to D, but the IFS and economists noted that frozen income tax thresholds would offset gains, with fiscal drag pulling more people into higher tax bands.
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