New £2 maximum stake for under 25s playing online slots
The UK Government has announced now plans to place more restrictions on online gambling, specifically in relation to young people. From September the intention is that:
Stake limits for online slot games will be introduced for the first time in September, the intention is that there will be:
Maximum £2 stake for 18 to 24-year-olds for online slot games to be introduced
£5 limit for adults aged 25 and over brings stakes in-line with casinos
It is believed that online slot games are one of the most addictive forms of gambling and so to counter the increased risk of significant harm and life-changing losses from online slot games, the Government will introduce a £5 stake limit for adults aged 25 and over.
This decision comes following a 10-week consultation period in which the majority of respondents agreed with the gambling white paper proposal to introduce statutory limits for online slot games to help reduce the risk of gambling harm.
Gambling Minister Stuart Andrew has said:
CEO of GambleAware Zoë Osmond said:
The limits will come into force in September this year, following secondary legislation. There will be a six week transition period for operators to become compliant with the general £5 stake limit rules, followed by a further six weeks for the development of any necessary technical solutions to ensure operators are fully compliant with the lower stake limit of £2 for young adults aged 18-24.
You can read the full report published on the UK Government website external linkExternal links are prohibited