Fixed-odds betting terminals take billions from gamblers

Average UK punter loses £8,000 on 'addictive' machines since 2008 - with some out for £15,000

Amusement arcade
(Image credit: Christopher Furlong /Getty Images)

British gamblers have lost a total of £11bn on fixed-odds betting terminals (FOBTs) since 2008 - an average of £8,000 per person, according to new figures.

However, adds research consultancy Landman Economics, a core of 300,000 "problem gamblers" account for around 40 per cent of total, losing almost £15,000 each.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More