Under-25 Online Slot Players Face a £2 Maximum Wager

In an ongoing effort to curb problem gambling, the UK Government plans to introduce restrictions on how much can be wagered on online slots.

On Friday, February 23, 2024, it was revealed that new betting caps would be imposed to limit potential damages from gambling. These caps are effective as of September 2024.

What Are The New UK Slot Limits?

Two tiers of limits will be implemented in September 2024, specifically targeting online slot players both under and over the age of 25.

Those aged 18 to 24 will have a maximum stake of £2 per spin, while the cap for those aged 25 and up will be set at £5.

When Exactly Will the New Betting Caps Take Effect?

Starting September 2024, the revised betting rules for online slots will be in force, a topic broadly discussed since the Government's reports. white paper on gambling reform in April 2023 .

Though existing laws focus only on per-spin stakes, new limits are expected to lead to hefty financial impacts on gambling operators.

The initial proposal recommended per-spin stakes between £2 and £15. An £8.50 stake was predicted to cost the industry £185 million; the finalized £2-£5 limit could be even more impactful. online casinos far more.

Why Are The Limits Being Enforced?

The freshly announced limits on online slot stakes resemble the £2 caps previously imposed on fixed-odds betting machines in 2019. Earlier, players could wager up to £100 per spin.

With a focus on safeguarding players, the UK Government and Gambling Commission continually review policies aimed at minimizing gambling addiction. online slot sites Boasting vivid visuals, familiar themes, and alluring bonus rounds, online slots are often highly engaging and potentially financially troubling.

In 2023, online casinos generated a massive £4 billion in revenue, with £3.2 billion coming from slots alone.

What’s Next For Safer Gambling?

The Government has introduced measures like slot limits, fixed-odds betting terminal caps, and a ban on quick spins to fight gambling-related harm.

It's expected that further restrictions will be introduced soon.

A section of last year’s gambling reform report discussed possibly levying fees to fund addiction treatment, research, and education.

Surveys indicate solid backing for affordability tests among gamblers, though there's resistance from the horse racing community fearing negative outcomes.