It has recently been reported that online gaming has increased 65 per cent, with almost £14bn being staked in online gambling.
The world of online gambling has continuously grown globally, with many countries having already establishing regulations for online gambling and reaping the rewards. In the UK alone, the online gaming sector has received a 65 per cent rise in income over the past year.
According to UK newspaper giant, The Guardian, gambling companies won £8.4bn from punters in the year of 2008, and recently reported another massive victory from the punters to the amount of almost £14bn, which is a new record. This has been due to the rise of national lottery game prices, and more people playing online casinos and slots.
In today’s world, remote betting alone makes up for more than 1/3 of the gambling industry, having totalled an income of £4.5bn this year.
Fixed Odd betting terminals, or FOBTs for short, typically remove £52,887 from the hands of the punters who uses that form of gambling, with reports suggesting that there has been a 73% increase in the amount of losers since the year of 2009. With this in mind, the industry could face a massive hit if the government decides to limit the maximum amount that a punter can stake from £100 to as little as £2 in a mission to resolve problem gambling across the nation.