Gambling in the United Kingdom a licence to sell alcohol to facilitate betting on the premises. Most pubs in the UK have a one-armed bandit of one kind or another, but the prizes are strictly controlled. The law allows larger prizes in private clubs. "Betting duty" at 6.75% was applied to sports bets until 2001 when it was replaced by a 15% tax on gross profits. From 1 December 2014, the Gambling (Licensing & Advertising) Bill will change the taxation of remote gambling from a 'place of supply' basis to a 'point of consumption' basis. The betting industry alone is reported to contribute £6 billion
Tote betting an extremely popular bet in overseas racing markets, particularly South Africa where it accounts for 40% of pool turnover. Tote betting The Tote is a bookmaker in Britain which offers parimutuel betting on British horse racing in Britain. Until July 2018 the Tote was the only bookmaker in Britain allowed to offer parimutuel betting on horse racing, although as of July 13th 2018 the existing monopoly protection the Tote ceased, and a number of other tote or parimutuel suppliers entered the British market. Other bookmakers offer a Tote service through syndication, while other bookmakers will accept a Tote bet and