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In the News

Government Intervention - Price Cap for Online Slot Machines to be cut

Graham Watson

22nd February 2024

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There's going to be tougher regulation of online slot machines, in line with fixed odds betting terminals (FOBT), so that under-25s will be limited to a £2 stake, and older gamblers will be allowed to stake £5. It's an attempt to limit the negative externalities that arise from problem gambling.

It will, of course, cost gambling companies a lot of money, One earlier study suggested that a £8.50 minimum stake would cost them £185m. However, this is a more stringent limit.

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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