Maximum Stake for Fixed-Odds Betting Terminals Could Drop to £2

A government review could see the maximum stake a player can bet at a fixed-odds betting terminal drop from as much as £100, down to £2 as an attempt to help problem gamblers.

The new limit being considered by ministers is said to be between £2 and £50, and there is no sign currently as to where the final decision will land, but there is no doubt that a drop to £2 would have a huge impact on the machines.

Cost against reward

A government consultation has stated that cutting the maximum stake to £2 would cost the gambling industry over the next two years, but problem and vulnerable gamblers say that action must be taken immediately, and that cutting the stake should be one of many changes that are implemented.

The government review looks to consult with the UK Gambling Commission (UKGC) to work out how to best protect online players, draw up an ad campaign with broadcasters and industry insiders to promote responsible gambling, at a cost of up to £7 million a year, restrict under 18 access to gambling content on social media, and insist that gambling companies increase their funding of research, education, and treatment for problem gamblers.

Critics

The gambling industry has its critics, and many believe that more needs to be done. Tom Watson, MP, said that the government was kicking the issue into the “long grass” and that action was necessary, while Minister for Culture, Tracey Crouch, said laws on machines were “inappropriate”, adding:

“It is vital that we strike the right balance between socially responsible growth and protecting the most vulnerable, including children, from gambling-related harm.”

It is not yet known when the final decision will be made, but one for is for sure, there are changes on the horizon.