Isle of Man iGaming Jurisdiction

iGaming Jurisdictions - Isle of Man

Formed in 1962, the Gambling Supervision Commission of the Isle of Man has led the way with big changes throughout the world, with player protection being one of the isle's top priorities.

Unlike many other governments, the government of the Isle of Man actually encourage the develpment of online gambling business on the island. The Isle of Man was one of the first jurisdictions to introduce gaming legislation with the aim of benefiting gambling and various online firms, and have been at the middle of the internet gaming boom from the start.

Regulatory bodies ensure a gambling license is granted only if after a thorough vetting process, standards are met.

The Isle of Man are particulary aware and responsive to changes in the internet gaming market, and reguarly make changes to their policies and regulatory controls. Along with the private sector, the government works hard at creating a superior infrastructure, thus attracting more business and resulting in economic growth.

As of 2005, no income tax is taken out the the e-gaming sector, this has prompted more business and although there are less than 20 operators licenced with the island, the Isle of Man remains one of the most successful e-gaming jurisdictions around.

In order to apply for a licence, operators must pay a non-refundable fee of £1,000GBP, followed by a rigorous inspection to check the prospective operators for credibility. Applicants must also demonstrate fairness in their games, keep enough money reserved for payouts, and excel in the community as a reputable gaming provider.

Key Figures

• Annual License Fee: 35,000
• Tax on Gross Gaming Yield: 1.5%
• Corporation Tax: 0% (as long as the site does not accept bets from Isle of Man residents)
• Duty payable on retained gross profits:
  • 1.5% for gross gaming yield not exceeding £20million/year
  • 0.5% for gross gaming yield from £20-40million/year
  • 0.1% for gross gaming yield over £40million/year
• Licence Fee: £1000 application fee, then £35,000/year
• Licence Length: 5 years, after which renewal is required
• Software Testing: Certificate from approved testing house required
• Reporting Requirements to Regulators: Access to business, its systems and ausited accounts when requested by the Gambling Control Commissioners
• Anti-Money Laundering Policy: Full AML due diligence. Indemnification procedures, record keeping, internal procedures, education and training, as well as adherence to the Isle of Man Gambling Control Commissioner's Guidance Notes for the Prevention of Money Laundering.
• Country Restrictions: It is the responsibility of the operator to decide, however the Gambling Control Commissioners may request independent advice be taken.

Contact Details

Head of eGaming Development,
Department of Trade and Industry,
Hamilton House,
Peel Road,
Douglas,
Isle of Man
IM1 5EP

Tel: ++44 1624 682307
Email: egaming:@dti.gov.im