https://777spinslot.com/the-british-have-lost-more-than-13-billion-in-fobt/

The British have lost more than £13 billion in FOBT

The Gambling Commission of Great Britain has provided information that a record £13.8bn was lost by British gamblers for the period from October 2015 to September 2016, which is 2.9% more compared to the previous period.

The British have lost more than £13 billion in FOBT

In the Commission’s report, it was stated that 1.82 billion pounds of the total amount were lost by players through FOBT gaming terminals (fixed-rate betting terminals), which are usually located at the betting offices. Compared with the previous period, this indicator grew by 9%.

Data on gambling losses in Britain leaked in the media from the report of the gambling commission, which should be published in a few weeks. October 2016, the Minister of Sport, Media and Tourism of the United Kingdom Tracey Crouch announced the results of the study of the large spread of FOBT in Britain and its highly addictive impact.

Crouch said at the time, that it was significant for gambling regulations to “strike the right balance between allowing the industry to contribute to the economy and enable people to bet responsibly whilst ensuring consumers and communities are protected.”

While online gambling accounts for one-third of the total loss, a record £ 1.7 billion was lost by British citizens on FOBTs in 2015, as they players could bet £100 every 20 seconds on igames like roulette.

The FOBT terminals have recently become the subject of heated discussions in Great Britain on the part of the Labor Party and the Liberal Democratic Party, which have actively supported limiting the amount of the maximum stake from £100 to £2, thereby helping to reduce the number of problem players.

A recent study found that since 2008, the British have lost more than £ 11 billion FOBTs. Approximately 40% of the losses is on the account of 300 thousand problem players, each of which lost an average of $ 19.31 thousand. Since 2008, players have been betting a total of $ 64.38 billion. This indicates that on average, everyone spent $ 10.3 thousand.

The Gambling Commision stressed that the losses of players on FOBTs are about £5 million daily throughout the year and this tendency is likely to grow. The figures show that although the amount of the gaming machines increased only by 9%, the losses on them grew by 73%, which proves that stakes became higher.

Carolyn Harris, an MP for Swansea East in the General Election 2017, campaigned for a reduction in stakes on FOBTs. “Losses on FOBTs are spiralling out of control. Every year more and more is lost on these addictive machines, so the next government must act to reduce the maximum stake to £2 a spin.”

Bookmakers, who receive over 50% of their income from the machines, defend the FOBTs. But according to representatives of the Campaign for Fairer Gambling, the amounts lost on FOBTs could provide a salary of thousands of jobs.

Association of British bookmakers said, “The increase in revenue from gaming machines in betting shops of 3% [compared with the last report] is in line with the average growth in revenue across the whole of the gambling industry (3%) and growth in the economy as a whole.”

Try out our Slot Machines for Free More Slots
Game description
The cherry, bell, gold bar and lucky seven symbols are back with this revamped classic slot machine game. Try it! Are you curious about the Twin Spin Slot?
Play for free
Game description
Incredible for its colorful design, a new slot machine "Gonzo's Quest" created by European experts in the field of gambling flash games - Net Entertainment, surprises with its originality and picturesque.
Play for free
Game description
You’ll feel like dancing and watching Pulp Fiction after playing the Starburst slot – learn why this is true by reading this review! Starburst Slot Perk: Get the Wilds Spinning!
Play for free
Game description
Like gambling and look for a great slot machine? Don’t waste time anymore and learn more on Sparks Slot Game Online, its characteristics, key features and play for fun or earn real money right now.
Play for free
Game description
Hot As Hades slot that has an impressive three-dimensional graphics, pleasant music and fun story and make your dream come true!
Play for free
Game description
Be ready to meet a real king of western films while playing John Wayne slot game. John Wayne is familiar to everyone because he is a real king starred by Marion Robert Morrison.
Play for free
Game description
Iron Man 3 slot game for UK players is the latest video game developed on the basis of famous and exciting movie well-known all over the world.
Play for free
Game description
Would you like to overcome a fierce dragon and save the princess? If so, Steam Tower slot is the right for you! Read our review, learn where to get free spins on the Steam Tower slot! Play for free and develop your strategy!
Play for free
Game description
Find yourself inside a physical lab where some interesting device is experienced and test it in practice with Attraction slot!
Play for free
Game description
The Sopranos slot is for the real fans of mafia, adventures and big money: once you try it, you will not be able to stop playing it
Play for free
Game description
Great Blue slot was presented by the company Playtech. Great Blue combines the beauty of the underwater world and exciting adventures.
Play for free
Game description
Beautiful 3D graphics enhances the good impression of the game in the Merlin's Millions slot machine and its numerous additional features will enrich every player
Play for free
Game description
Game of Thrones slot machine online, which offers freedom of choice to players to play on 15 lines or 243 winning combinations, and to selects how many spins and what multiplier he will get.
Play for free
Game description
Are you looking for a way to spin your fortune upside down? If so, then try the Mega Fortune Dreams slot and best of luck while doing so! Mega Fortune Dreams Slot and its Functions: Bonus Functions!
Play for free
Game description
Trying to see if the Lost Island slot game is worth your time? Start by reading our review of that pristine machine! Try this slot for free, find out about the best Lost Island free spins offers, learn all the cheats and see where you can play for real money. Lost Island Slot Wilds: Flowers are more than they look!
Play for free
Game description
Do you yearn to play the slots in a busy retro American café but lack the place to do it? Well, not anymore you don’t! Play Super Nudge 6000 Online and Win Big!
Play for free
Game description
Relive the year of 1976 and the Rocky saga with this amazingly addicting slot machine game – it is definitely worth it! Rocky Slot: He Hits Faces, You Hit Jackpot!
Play for free
Game description
If you love the green isle of Ireland and all it has to offer, then you’ll love this revamped classic slot machine title. Plenty O’Fortune Slot: Pursue the Leprechaun’s gold trail!
Play for free
Game description
Mega Joker slot presents the right paradigm, if you are looking for a slot machine game inside a slot machine game. Read our review, learn where to get free spins on the Mega Joker slot. Play for free and develop your strategy!
Play for free
Game description
Check this slot machine game out. Playtech developed it with one person in mind – the player! Enjoy! Feel like a Superhero: Play The Iron Man 2 Slot!
Play for free
Game description
If you think Bruce is always angry then you have that right, at least in the slot machine we are currently reviewing. Play the Incredible Hulk Slot Machine: 3D Graphics and Great Audio!
Play for free
Game description
Enjoy Gladiator slot machine online! Be a Winner with this genuine Playtech slot. ⭐️ Here's your chance to experience the glory of an arena without risking your neck. Play the Gladiator slot for free here, learn all the tricks and cheats here! ☝️ The RTP is 94%.
Play for free
Game description
The Amazing Fantastic Four slot quartet is meeting the best slot machines have to offer in this one-of-a-kind game! The Slot’s Quartet: The Fantastic Four meet Slot Machines!
Play for free
Game description
From the primordial soup up until millions of humans are playing slots every day, we have walked a long way. Reels Evolution slot: An Evolution-Themed Experience!
Play for free
Game description
If you’re looking to see what Dolphin Cash slot is all about and what are its main pros and features enjoy this small article about all of it! Dolphin Cash: Some Trigger Amazing Events!
Play for free
Game description
If you are itching to know more about the great slots game “Blood Suckers”, then read this! Here comes the slot game of the evening – the one and only, the Blood Suckers slot game
Play for free
Game description
Net Entertainment worked on a slot machine game that could have been developed by National Geographic – check it out! Beetle Frenzy Slot Elements: Bugs, Fireflies and Flowers
Play for free
Game description
Rare conditions amazed people back in the days, and in the Twisted Circus slot you can see a 20s freak show depicted. wisted Circus Slot: See the Ringmaster for Bonuses!
Play for free
Game description
The Hollywood movie was a hit, but the slot machine title is not far behind, see why by spinning the Dark Knight Rises Slot machine! Dark Knight Rises Slot: Batman’s Symbol Scrambler!
Play for free
Game description
There’s a side-game out there that may put some coin in your pocket, and you may find it in the Reel Strike Slot machine. Choose Two Boats: The Reel Strike Slot Bonus Game!
Play for free
Comments 0
Help block
Help block
Help block