UK introduces reduced Stake Limits for Online Slot Games

05/03/2024 | Categories: News | Published by: Heather | Last updated: 05/03/2024

The UK Government is taking a significant step to address the growing concerns surrounding online gambling by announcing the introduction of stake limits for online slot games. This new regulation aims to protect individuals, particularly young adults, from the potential harms associated with what is deemed by the UKGC to be easily accessible and highly addictive online slot games.

Key Stake Limits Introduced

Maximum £2 Stake Limit for 18 to 24-Year-Olds

For the first time, a maximum stake of £2 will be imposed on online slot games for individuals aged 18 to 24. This age group has been identified as particularly vulnerable due to higher average problem gambling scores. Also ongoing neurological development lower disposable income, and common factors such as managing money for the first time.

Maximum £5 Stake Limit for Adults Aged 25 and Over

To align online slot game stakes with those in land-based casinos, a £5 stake limit will be introduced for adults aged 25 and over. The decision to implement this measure is a response to the heightened risk of substantial harm and life-altering losses linked to online slot games. In contrast to their land-based counterparts, these online games presently lack statutory stake limits.

Addressing a Growing Issue

Officials in the UK Government believe that online slot games have become one of the most addictive forms of gambling, often linked to substantial losses, extended gaming sessions, and binge playing. To mitigate these risks, the government has responded to evidence indicating a higher problem gambling rate for online slot games, especially among young adults.

Ministerial Perspective

Underlining the importance of taking action, Gambling Minister Stuart Andrew stressed the importance of gambling safely. He pointed out that there is a much higher risk of people having problems with gambling when it comes to online slot games. Minister Andrew also highlighted the fact that young adults are more at risk and emphasized the government’s commitment to addressing these concerns, as laid out in the white paper.

Joint Efforts for Preventive Measures:

CEO of GambleAware Zoë Osmond expressed support for the government’s initiative. Calling the introduction of lower online stake limits for under 25s an essential mechanism to protect young people. Collaborative efforts between GambleAware, the government, and other stakeholders in the gambling harms sector will be crucial. This is to ensure the effectiveness of these new regulations.

When will the New Law come into Effect?

The stake limits will come into force following secondary legislation in September 2024. Operators will have a six-week transition period to comply with the general £5 stake limit. An additional 6 weeks will follow to develop any necessary technical solutions. This is to ensure full compliance with the £2 stake limit for young adults aged 18-24.

Broader Government White Paper Measures

While these stake limits address a specific aspect of online gambling. They are part of a broader strategy outlined in the government’s white paper. The proposed measures aim to modernize the gambling sector, making it suitable for the digital age. This includes the introduction of a statutory levy for research, prevention, and treatment. Alongside financial risk checks to prevent catastrophic, life-changing losses.

Responses to the broader white paper measures will be published soon. This reflects the government’s commitment to balancing protection and freedom within the gambling industry. The ongoing consultation process involves input from campaigners, the public, and stakeholders from both the gambling and horse racing industries.

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