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British Gambling At Records Levels, Report Says

by Brian Pempus  |  Published: May 25, 2017 |   Gamblers in Britain spent a record £13.8 billion ($17.8 billion USD) in the 12-month period ending in September 2016, according to a report from the country’s Gambling Commission . The commission said that nearly £4.5 billion ($5.8 billion) came from all forms of online gambling, an increase of about seven percent from the £4.2 billion ($5.4 billion) won from April 2015 to March 2016. “Remote gambling (mostly online) is the largest sector and has been regulated by point of consumption in Great Britain since November 2014,” the executive summary said. “This sector constitutes 32 percent of the overall market and £4.5bn [gross gambling yield]. Within the remote sector, casino games have generated the highest turnover and £2.4bn in GGY, predominantly through slots games (£1.6bn). GGY for remote betting, including betting exchanges and pool betting, totals £1.9bn and is dominated by football and horses.” Brick-and-mortar casinos contributed nearly £1.2 billion ($1.5 billion) to the total, according to the report. That’s up 15 percent from the last report. The $17.8 billion figure for the overall U.K. gambling market includes revenue from the lottery. For comparison, U.S. casinos (commercial and tribal) win about $70 billion a year from gamblers, with lotteries in America adding another $70 billion to the overall gambling market.

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By contrast, those numbers have risen to nearly 15 percent for a gambling problem and 6.3 percent for a gambling disorder. Center director Lia Nower said she was surprised by the high prevalence of gambling problems the survey found among Hispanics, who typically do not match other ethnic groups in the frequency of mental health problems. The survey also matched findings elsewhere that a disproportionately high number of Asians were problem gamblers. For that reason, the report urges the state to make sure its gambling addiction prevention programs are also offered in Spanish and Mandarin. Online gambling by itself doesn't appear blackjack strategy to be the single cause of more gambling problems among players, the report concluded. "There has been a lot of panic, or fear about online gambling," Nower said. "What we find is that it appeals to a younger demographic, but that in isolation, it it doesn't appear online is driving a a real spike in problems." The survey also confirmed differences in the gambling preferences of men and women. Women gamble less often and tend to prefer scratch-off or lottery tickets along with bingo. Men are more likely to engage in sports betting, live poker, casino table games, along with betting on horses.

For the original version including any supplementary images or video, visit http://www.nj.com/healthfit/index.ssf/2017/05/post_19.html