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Racing TV survey uncovers vital black market menace | European Gaming Industry News
A latest Racing TV survey has drawn a robust response amongst its members, with more than 3,500 having their say on the Gambling Act Review and the spectre of the black market.
Racing TV is absolutely supportive of the aims of the Gambling Act Review in defending these at risk of gambling hurt. In what is the primary client survey to evaluate the size of the black market and affordability checks, the important thing findings have been:
- 80% of the three,469 respondents stated they might not prefer to see obligatory limits imposed by bookmakers
- 15% of three,539 respondents stated they bet, or know somebody that bets, with an unregulated online bookmaker
- 22% of three,575 respondents stated they’ve been requested to provide private information
- 50% (404 respondents) of these requested to provide this information, refused to take action
- 92% of three,237 respondents stated they might think about using a distinct bookmaker if no private information was required
Affordability checks and loss limits have been key focal areas of the continuing Gambling Act Review and can draw most consideration when the White Paper is printed.
Stories in the media final 12 months indicated {that a} leaked draft of the White Paper contained fastened loss limit thresholds. These are extremely contentious for our survey respondents. Almost 80% of the three,469 respondents stated they might not prefer to see obligatory limits imposed by bookmakers.
Maybe probably the most worrying of those findings was that 15% of the 3539 respondents to the under query stated that they bet, or they know somebody that bets, with an unregulated online bookmaker.
Within the absence of clear path from the Gambling Fee, and whereas the look forward to the publication of the White Paper goes on, many bookmakers have launched affordability checks, a few of which, akin to requests for payslips, financial institution statements or P60s, could possibly be thought of intrusive.
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Greater than 22% of the three,575 respondents to the under query steered that they’ve been requested to provide such paperwork.
Simply over half of those that had been requested to provide such paperwork declined to take action.
As well as, more than 92% of three,237 respondents to the under query steered they might think about using a bookmaker, which didn’t require documentation.
Martin Stevenson, CEO of Racing TV’s guardian firm Racecourse Media Group, stated: “The widespread response to the Racing TV survey exhibits how much the continuing Gambling Act Review, mixed with their latest experiences, is affecting our members.
“Our survey revealed that 15% of respondents bet, or know somebody that bets, with an unregulated bookmaker, which is of real concern. With thousands and thousands of consumers betting on racing, the findings of this survey point out that a whole bunch of hundreds of punters are doubtlessly utilizing the black market.
“This survey is clear proof that exhibits that the black market is real and substantial and means that affordability checks are having the impact of transferring a big number of affected punters out of the UK-regulated atmosphere and so exposing them to potential hurt. This should be a pyrrhic victory and the alternative to what affordability checks got down to obtain.
“We’ve shared this information with the Gambling Fee and hope that they can take account of this in their evaluation of the black market. The proof suggests it exists and is solely constructing.”
Stevenson went on: “Almost 1 / 4 (22%) responded sure to the query on whether or not they had been requested for private information, with 50% refusing to conform. This is a strikingly high share, demonstrating shoppers’ rejection of this intrusion on their leisure exercise.
“The inference that 22% of racing punters are at risk of hurt is very difficult to imagine and seems extreme in comparison in opposition to the general prevalence of problem gambling.
“As well as, RMG has seen a cloth decline in online betting turnover on horseracing in 2022. The Racing Submit has estimated the sport might lose as much as £40m of funding every year. Everybody concerned in the industry must be deeply involved. The impression of affordability checks is that the sport is struggling a heavy monetary toll.”
The previous Minister with duty for Horseracing and Gambling, Paul Scully, lately indicated how the Authorities have been approaching affordability checks, saying: “It is not the position of the federal government, it is not the position of the Gambling Fee, to inform individuals how much of their wage they’re ‘allowed to’ spend on gambling.”
Stevenson continued: “I hope that the brand new Minister with duty for Horseracing and Gambling will even think about the outcomes of this survey as a part of the continuing work on the Gambling Act Review. It has been lengthy overdue, in this course of, to contemplate the attitudes of the shoppers themselves in regard to how they select to spend their time and money. I was very glad to listen to the previous Minister acknowledge that in his latest speech.
“Making use of common limits doesn’t recognise the wide selection of pure betting behaviours, occasions, seasonality or differing particular person monetary circumstances. The undoubted spotlight of the Jumps season, the upcoming Cheltenham Competition – which is the most important focus for a lot of punters – is clearly a case in level. To that finish, I was happy to see the previous Minister stating {that a} ‘one measurement suits all method’ was not the intention.
“I’d prefer to thank all our members who took half in the survey.”
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UbetMobile.com Article Base: Racing TV survey uncovers vital black market menace uBetMobile – 2023
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