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UK Minister Stuart Andrew Assures Smooth Transition to New Gambling Levy

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Stuart Andrew, the UK’s Minister for Gambling, has provided pivotal reassurances to gambling support organizations, emphasizing that the proposed statutory levy on gambling operators will bolster, not disrupt, the existing support infrastructure. Speaking at the influential GambleAware conference, he addressed key concerns about the potential impact of the new levy on community-based charities.

In a significant announcement, Stuart Andrew, the UK’s Gambling Minister, has addressed a major concern in the gambling community: the introduction of a new statutory levy and its impact on existing support services.

The government’s white paper on gambling reforms proposes a mandatory levy on operators, aiming to raise £100 million for research, treatment, and prevention of gambling-related harms. This initiative positions the National Health Service (NHS) as the primary commissioner of problem gambling support services, tasked with the responsible allocation of these funds.

Imagine a gambling support system that is seamlessly enhanced without any disruption to current services. This is what Minister Andrew envisions with the new levy. He assures a careful and measured approach to its implementation, ensuring “the right infrastructure, processes, and relationships” are in place.

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Keep a close eye on these developments, as they will shape the future of gambling support services in the UK. The transition to this new funding model promises to strengthen the support network for problem gambling, making it more effective and far-reaching.

Andrew stressed the importance of maintaining stability in existing support services, asserting that it is “absolutely crucial” there be no disruption. He conveyed the government’s intention to “walk before we can run,” suggesting a thoughtful and gradual introduction of the levy.

The Department for Digital, Culture, Media and Sport (DCMS) consultation on the statutory levy concludes next week. The proposal currently suggests that online gambling operators pay 1% on gross gambling yield, while retail betting shops and land-based casinos contribute 0.4%.

Regarding the timeline for implementing the levy, Andrew indicated a desire to proceed “as soon as we can,” though it will require parliamentary approval. He highlighted the levy’s role in providing sustainable funding, enabling the government to develop a coordinated prevention approach at various levels, thus facilitating more effective upstream interventions.

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This announcement marks a crucial step in the UK’s efforts to enhance problem gambling support and prevention, promising a more coordinated and effective system that benefits individuals and communities across Great Britain.

Jerome, a valuable addition to the Gamingo.News team, brings with him extensive journalistic experience in the iGaming sector. His interest in the industry was sparked during his college years when he participated in local poker tournaments, eventually leading to his exposure to the burgeoning world of online poker and casino rooms. Jerome now utilizes his accumulated knowledge to fuel his passion for journalism, providing the team with the latest online scoops.

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SOFTSWISS Jackpot Aggregator Sees 2.6x Surge in Bets: 2023 Report

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In a dynamic year for the iGaming industry, the SOFTSWISS Jackpot Aggregator has released its 2023 report, offering insights into significant trends and achievements.

Notably, the report reveals a staggering 2.6 times increase in bets participating in jackpots, shedding light on the growing appeal of these mechanics among operators and players alike.

A Year of Remarkable Growth

Throughout 2023, bets participating in jackpots experienced consistent quarterly growth, witnessing a remarkable 165% increase from January to December. By the end of the year, the total value of these bets had surged to an impressive 6.396 billion euros. Moreover, the number of jackpot campaigns witnessed a substantial growth of 3.8 times compared to the previous year, totaling 230 campaigns.

Expanding Reach and Impact

One of the standout achievements of 2023 was the expansion of the Jackpot Aggregator’s footprint. The number of brands utilizing its jackpot solution tripled within the year, culminating in over 70 active brands by year-end. This surge in adoption reflects a heightened level of market trust and interest in the product.

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Introducing the Prime Jackpot Campaign

A significant milestone of 2023 was the introduction of the Prime Jackpot campaign, which debuted in Q4. This innovative feature garnered considerable attention and interest from players across various casinos. The Prime Jackpot campaign allows operators to participate in shared prize pools, ensuring that rewards are drawn from the collective pool rather than from a specific brand operator. This approach not only offers larger rewards to attract more players but also enhances player engagement and loyalty while optimizing operational costs for operators.

Insights from SOFTSWISS

Aliaksei Douhin, Head of SOFTSWISS Jackpot Aggregator, shared his insights into the year’s achievements. He emphasized the noticeable increase in clients and connected casino brands, as well as the growing volume and value of bets in jackpots. He expressed satisfaction in witnessing clients actively embracing the Jackpot Aggregator and recognizing the added value it brings to their brand operations. The solution empowers operators to provide players with enhanced gaming experiences and more enticing winnings. Client feedback is actively collected and analyzed to ensure clients have access to the most sought-after tools and mechanics.

Looking Ahead to 2024

In 2024, the SOFTSWISS Jackpot Aggregator is set to extend its reach to a wider spectrum of clients. This expansion will be guided by a customized approach, ensuring that each client can tailor the product’s capabilities to meet their specific requirements.

Meet SOFTSWISS at ICE London

The SOFTSWISS Jackpot Aggregator team will be present at ICE London from February 6th to 8th, 2024. They are ready to showcase their latest advancements and engage in discussions with existing and potential clients.

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About SOFTSWISS

SOFTSWISS is a renowned international iGaming company that offers certified software solutions for managing gambling operations. With a dedicated team of over 2000 employees spread across Malta, Poland, and Georgia, SOFTSWISS holds multiple gaming licenses and provides comprehensive iGaming software solutions. Their diverse product portfolio includes the Online Casino Platform, the Game Aggregator featuring thousands of casino games, the Affilka affiliate platform, the Sportsbook software, and the Jackpot Aggregator. In 2013, SOFTSWISS made history by introducing the world’s first Bitcoin-optimized online casino solution.

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