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Betfred to close 132 betting shops – and will slash over 600 jobs
Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleBetfred is to shut 132 shops, affecting 600 workers (Jordan Pettitt/PA)Betfred is set to close 132 of its betting shops and cut over 600 jobs from September. The company attributes these significant reductions to increased taxation, higher employer national insurance contributions, wage inflation, and wider economic uncertainty. This move will affect more than a tenth of Betfred's retail estate, leaving approximately 1,100 shops across the UK. Other major betting firms, including William Hill and Paddy Power, have also closed numerous stores recently due to similar economic pressures. The closures follow an increase in remote gaming duty from 21 per cent to 40 per cent from April 2026, and a new 25 per cent online sports betting duty (excluding horse racing) from 2027. In fullBetfred to shut 132 shops and axe 600 jobs after gambling tax hikesMore bulletinsThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in
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independent.co.uk
Betfred to axe 600 jobs and close over 130 shops after gambling tax hikes
Betfred ahas announced significant job cuts following gambling tax hikes
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Betfred to shut 132 shops and axe 600 jobs after gambling tax hikes
The company said it has launched a consultation over the closures, which will hit more than a tenth of its betting shops.
