Maximum stake for fixed-odds betting terminals cut to £2 - News Summed Up

Maximum stake for fixed-odds betting terminals cut to £2

Ministers ignore pleas from bookmakers and decide to reduce stake from £100The maximum permitted stake on controversial fixed-odds betting terminals (FOBTs) will be cut from £100 to £2, the government has announced after ministers ignored pleas from bookmakers and branded the machines a “social blight”. Fixed-odds betting terminals (FOBTs) are machines, found largely in bookmakers and betting shops, that allow customers to stake up to £100 every 20 seconds on digital versions of games such as roulette. Nearly 14% of people who use FOBTs are problem gamblers, according to Gambling Commission figures from 2016, higher than every other popular form of gambling. The Association of British Bookmakers, which has campaigned against a stake cut, said: “This is a decision that will have far-reaching implications for betting shops on the high street. “These machines have increased the risk of problem gambling, which carries a very significant social and economic cost.

Source: The Guardian May 17, 2018 06:05 UTC