Hounslow Council has welcomed the announcement today that the maximum stake users will be able to place on fixed-odds betting terminals (FOBTs) will be cut from £100 to £2.
Published: Thursday, 17th May 2018
The Department for Digital, Culture, Media and Sport has decided that £2 should be the maximum amount permitted following its public consultation.
High street bookmakers receive more than half of their revenue from fixed-odds betting terminals (FOBTs), which allow bets of up to £100 every 20 seconds.
A Hounslow Council spokesperson said: “We have long campaigned for this change and warned our residents about the dangers of fixed-odds betting terminals (FOBTs), known as the crack cocaine of gambling, and the impact they have on some of the most vulnerable people in our borough.
In the past, our licensing team has worked hard to protect our young people from these highly addictive machines by working with under-aged people to test the effectiveness of controls to protect minors from gambling, but there is only so much we can do at a local level. We’d like to thank the government for seeing sense on this issue and we welcome the cap to come into effect as soon as possible.”