Susan Elan Jones MP has submitted detailed evidence to the Government’s Gambling Review Consultation to support her call to reduce the maximum stake of £100 for Fixed Odds Betting Terminals (FOBTs) to £2.
FOBTs are commonly seen to be the one of the most addictive forms of gambling – with the potential for players to lose £100 every 20 seconds on some versions of the machine. There are around 35,000 FOBTs across the UK which bring in a total revenue of £1.7 Billion per year for bookmakers. Research has shown that they are more likely to be situated in poorer communities.
Following her submission of evidence to the consultation, the Clwyd South MP said: “I am delighted that this consultation has taken place. The case for reducing the staggering £100 stake for these machines to £2 is overwhelming. All of us who have campaigned on this issue know the misery the FOBTs can cause. Problem gambling affects 430, 000 people in the UK annually and generates huge costs to the UK economy, which is estimated at £1.5bn a year. The industry needs to ensure that it plays its part in reducing gambling-related harm”.