In the News
Government Intervention - Price Cap for Online Slot Machines to be cut
22nd February 2024
There's going to be tougher regulation of online slot machines, in line with fixed odds betting terminals (FOBT), so that under-25s will be limited to a £2 stake, and older gamblers will be allowed to stake £5. It's an attempt to limit the negative externalities that arise from problem gambling.
It will, of course, cost gambling companies a lot of money, One earlier study suggested that a £8.50 minimum stake would cost them £185m. However, this is a more stringent limit.
- Economics
- Blog
- In the News
- Gambling
- Demerit goods
- Degree of addiction
- Externalities
- Negative externalities
Graham Watson
Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.
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