Growth in Machine Games Duty shows value of game machine hire
Gaming machine hire is a way for venue owners and managers to tap into a multimillion pound market, particularly during the summer months.
The latest Betting, Gaming & Lottery Duty Bulletin, published by HMRC and the ONS, shows tax receipts up to and including June 2014.
In that month alone, £15 million was collected in Machine Games Duty, a relatively new tax that replaced Amusement Machine Licence Duty (AMLD) in February 2013.
For the three months up to and including June 2014, £44.2 million in duty was collected by HMRC.
Compared with the previous quarter’s £29.2 million, this is a sequential growth rate of around 50% – and seasonal effects are partly responsible.
For example, under the previous AMLD system, some operators would apply for a short-term licence to allow them to run gaming machines only during the short summer holiday season.
If you have an indoor venue though, game machine hire is a way to make sure you are providing gaming machines to your customers all year round.
This can help you to tap into a growing and lucrative market, which in turn makes a substantial contribution to the nation’s economic stability.