This warning from Entain about the rapid increase in betting taxes is a valid concern, especially when considering the broader economic impact. If lawmakers push through tax hikes without fully understanding the long-term effects, it could backfire just like it did in the Netherlands. The government may collect less revenue overall due to a decline in legal betting activity, and bettors might shift towards unregulated or offshore platforms where they’re less protected.

The issue with taxing sports betting and online casinos at the same rate—despite the fact that sports betting tends to have slimmer margins—is also a key point. It could create a distorted view of the profitability of these sectors, leading to policies that harm the industry rather than help it. Worse odds and a shrinking market are definitely not ideal for players or operators.