What are fixed odds betting terminals and why are they known as the ‘crack cocaine’ of gambling?

Posted on December 13, 2016 by admin
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Problem gamblers are costing the Government up to £1.2 billion per year, new research has found.

A study carried out by the Institute for Public Policy Research and commissioned by GambleAware estimates that problem gamblers cost the Government between £260 million and £1.2 billion each year.

The report covers the use of fixed odds betting terminals (FOBTs) which have frequently come under fire in the past, even labelled as the “crack cocaine of gambling” by the former boss of Paddy Power.

The report found that those aged between 16 and 25 use FOBTs the most, with 12% saying they had used them in the past year.

Read more in ITV News.