The UK government has introduced a cap on the amount gamblers can wager on online slot games, limiting it to £5 per spin for individuals aged over 25. This measure aims to mitigate the harms associated with gambling.
A lower cap of £2 per spin will be enforced for players aged 18 to 24, as the Department for Culture, Media and Sport (DCMS) takes a step towards addressing gambling-related issues. Gambling Minister Fiona Twycross highlighted the dangers of online slots and their potential to harm finances and personal relationships.
Additionally, the government plans to introduce a statutory levy on gambling operators, anticipated to raise £100 million. Funds will be allocated to support treatment, prevention, and research of gambling harm as well as public health campaigns, according to the DCMS.
(With inputs from agencies.)
The UK government has announced plans to introduce a levy on casino and betting operators’ profits, expected to generate £100 million annually
The UK government has taken significant steps toward regulating online gambling by introducing new limits on stake amounts for online slots, respon
The British Government has announced plans to cap online slots spins at £5 per spin, addressing growing concerns ab
Gambling operators in the UK face a tax of as much as 1.1 per cent of profits on some types of games as the government there seeks £100 million (€120 million