£2k Maximum Limit In Monthly Deposits Called For In UK

The UK Gambling Commission gaming review which began in November and is now planned to conclude on the 9^th February following an extension because of the huge involvement in the consultation.

Indeed so many areas concerned about gambling and those who have worries towards the industry being heavily effected have recently sent a letter to all MPs and now is doing the rounds within the sporting groups.

The letter has no name to it but is believed to have originated within the UK political world, if focuses on horse racing mainly and the worry that the industry that has already endured a torrid year because of the COVID-19 pandemic could be damaged even further by Gambling Commission plans.

One of the concerns not just the racing industry has but overall within the gambling sector both land based and online is the strengthening of “affordability checks,” should the Gambling Commission take a hard line the maximum limit could be £100 per month.

This the letter says would do massive harm to the horse racing industry that claims problem gambling within that sector is much lower than other areas within gambling.

The letters author is pleading with MPs, the government and the Gambling Commission to consider a top limit of £2,000 per month, this however is unlikely to happen however much the gambling industry would like it to be.

The hope is that a figure somewhere near the upper limit would be decided on as the racing industry alone could suffer a £60 million a year decline in revenues.

Indeed all areas of the gambling industry would see large declines in revenues and the greater fear is that a huge rise in unregulated gambling could emerge because of the stricter limits.