The maximum stakes on Fixed Odds Betting Terminals (FOBTs) are to be reduced from £100 to £2 From Monday 1st April 2019 to reduce the risk of gambling-related harm, Minister for Sport and Civil Society Tracey Crouch announced last year.
The move follows a consultation with the public and the industry and aims to create ‘the right balance between a sector that can grow and contribute to the economy and one that is socially responsible and doing all it should to protect consumers and communities’.
The Government says it wants to reduce the potential for large losses on FOBT (category B2) machines and the risk of harm to both the player and wider communities. Following analysis of consultation responses and advice from the Gambling Commission, the government believes that a cut to £2 will best achieve this.
The Gambling Commission has also been tasked to take forward discussions with the industry to improve player protection measures on B1 and B3 category machines, looking at spend and time limits