In the News

What can be done about problem gambling?

Graham Watson

1st September 2017

The issue of problem gambling imposes substantial negative externalities upon society - with the fixed odds betting terminals (FOBTs) a particular cause of concern.

The latest report, from charity Gamble Aware, highlights the fact that the addicted gambler is spending "an average of £98 a day, place up to 90 bets and are more likely to gamble in the middle of the night, according to a new report." Read this report from the Guardian.

However, regulating the sector will prove difficult and there's a distinct possibility of government failure - and libertarians object to any intervention in this market.

Links to tweets on relevant articles on problem gambling

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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