A major report expresses worry about low firm intervention and calls for a government investigation.
According to a major analysis, more than 420,000 British gamblers lose at least £2,000 each year, with losses on the most addictive products “highly skewed” towards deprived communities.
The analysis reveals the devastating losses suffered by the most ardent gamblers and expresses “alarm” about the low degree of intervention by gambling businesses in order to protect them from harm.
Its findings rekindled calls for a government review of gambling legislation, which is expected to be completed in the coming days, to include strict affordability checks and stake limitations on online slot machines, which allow players to wager big sums on a single “spin.”
Researchers from the National Centre for Social Research (NatCen) and the University of Liverpool have expressed special alarm about online gambling, a £4 billion-a-year industry that includes online bingo and casino but is dominated by virtual slots.
According to an analysis of 140,000 accounts with seven gambling organizations, an estimated 129,000 gaming clients lost at least £2,000 in a year, more than the average residential gas and electricity tariff.
Because the data only represents 37.5 percent of the British online gaming sector, the actual number of people who have lost money is likely to be significantly greater.