£12.1m gambled away on Greenwich FOBTs

Posted on March 19, 2014 by admin
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The recent report by The Campaign for Fairer Gambling at the beginning of the month on Fixed Odd Betting Terminals (FOBTs), termed the crack cocaine of gambling, has provided detailed data on usage across the country in 2013. These are the machines that enable gamblers to stake up to £100 per spin with only seconds between spins. They generate big profits for the gambling companies and you can see why. The report contains a map and it shows that in 2013 there were 53 licences and 196 machines in Greenwich Borough. They had £64m of cash stuffed into them, with £342.4m gambled and £12.2m lost. That is a lot of money.

Read the full blog from Chris Smith online.