New biggest stake for UK online slot players

 

The equity limit on online slot games will be introduced for the first time in September as the government continues to implement measures to protect people from gambling damage.

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Easily accessible online slot games are one of the most addictive forms of gambling, and can be related to big losses, long sessions, and binge play. Unlike track and field game consoles such as casinos, there is no legal equity limit.

To counter the serious damage caused by online slot games and the increased risk of loss due to changes in life, the government will introduce a £5 equity limit for adults over the age of 25.

Based on the evidence, the low-level equity limit for young people aged 1824 is set at £2 per spin. This age group has the highest average problem gambling score for all groups, as well as common life stage factors such as low disposable income, continuous neurological development affecting risk perception, and managing money for the first time. This evidence also indicates a stronger link between gambling-related harm and suicide in young adults.

The decision follows a 10-week consultation period in which a majority of respondents agreed to a proposal for a gambling white paper to introduce legal limits on online slot games to reduce the risk of gambling harm. The consultation responses included comments from industry, academia, treatment providers and individuals.

Gambling Minister Stuart Andrew said:

"While millions of people are gambling safely every day, the evidence shows that online slot games have a much higher rate of problem gambling."

"We are also committed to addressing both of these issues in the white paper because we know that young people may be more vulnerable to gambling-related harm."

"It is clear that online gambling is growing in popularity, so this announcement will level the land-based sector and the playing field, and it is the next step in the various measures introduced this year, which will protect people from gambling harm."

Evidence from the Health Improvement and Gap Closing Office suggests that adolescents may be particularly vulnerable to gambling-related harm, and those under 25 have the highest average problem gambling scores among all age groups.

NHS survey figures show there is a problem gambling rate of 8.7% for online gambling in slots, casinos or bingo games, one of the highest rates across gambling activities.

GambleAware CEO Joe Osmond said:

"We welcome the government's announcement to lower the online equity limit for under-25s as an important mechanism to protect young people. Our research shows increased harm from gambling in this age group and online slots are a very high-risk product."

"As we continue our efforts to address the growing public health challenges, we will work with governments and other agencies across the gambling-damaged sector to ensure that there is no missed opportunity as we introduce strong precautions, including these new regulations."

The limit is due to take effect in September this year under the second round of legislation. There is a six-week transition period for operators to comply with the typical five-pound equity limit rules, and it will take an additional six weeks to develop the necessary technical solutions to allow operators to fully comply with the lower equity limit of 2 pounds for the 1824-year-old.

While most people gamble without problems, the restrictions introduced today are just some of the proposals set out in government white papers to modernize the gambling sector and fit the digital age.

These include statutory levies for research, prevention, and treatment, and the introduction of financial risk checks designed to prevent fatal life-changing losses. The Gambling Commission and the government continue to listen to the concerns of campaigners, the general public, and the gambling and horse racing industries alike as part of a consultation process on these checks. The Gambling Commission continues to improve its approach to design to achieve the right balance between protection and freedom.  프라그마틱 슬롯 사이트

In addition to introducing measures to protect people from gambling-related damage, the white paper package includes proposals to support the land-based gambling industry to thrive. The industry supports thousands of jobs nationwide, and the government has made it clear that it does not want to harm its success.