# Betting, Gaming and Lotteries Act 1963 (repealed), Section 27A: Profits as a bookmaker


A bookmaker’s profits on leviable bets for a levy period are—
SM+OA−Wwhere—
SM is the aggregate of the stake money falling due to the bookmaker in the levy period on leviable bets;
OA is aggregate of any other amounts accruing to the bookmaker in the levy period in connection with leviable bets;
W is the aggregate of any winnings paid by the bookmaker in the levy period in respect of leviable bets (irrespective of when the bets were made or determined).

---
Source: https://www.legislation.gov.uk/ukpga/1963/2/section/27A (the official version)
Page: https://openlegislation.uk/betting-gaming-and-lotteries-act-1963-repealed/section-27A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.