Jobs impact of curbs on fixed-odds betting terminals ‘overstated’

Home / Betting & Gambling News / Jobs impact of curbs on fixed-odds betting terminals ‘overstated’

Punters lost £700m less on gambling machines in the year after fixed-odds betting terminals (FOBTs) were reined in but industry predictions of more than 20,000 job losses if ministers went ahead with the policy have not materialised.

As the gambling regulator released fresh data charting the impact of curbs on the roulette machines, campaigners said the figures showed that ministers poised to launch a wide-ranging review of gambling laws should beware industry forecasts.

Before last year’s decision to slash the maximum stake on FOBTs from £100 to £2, gambling lobbyists repeatedly warned that a cut could force 4,500 shops to close at a cost of 21,000 jobs.

However, figures for the year to the end of March 2020 show that the number of high street bookmakers decreased by 639 to 7,681 in the first full year with reduced FOBT income.

The 7.7% decline is partly a result of gambling firms wooing customers online, where its costs are far lower than running bricks-and-mortar stores. The migration was already causing the UK’s network of high street bookmakers to shrink by about 3% a year.

The Betting & Gaming Council said it believed a lag in the data meant that the number of closures was closer to 1,400, with more than 8,000 jobs lost. While that estimate is significantly higher than the Gambling Commission’s figure, it is less than a third of industry lobbyists’ previous warnings.

Matt Zarb-Cousin, who campaigned against FOBTs and now advocates for broader reform via his Clean Up Gambling group, called on ministers to take industry claims with a pinch of salt as they consider an overhaul of gambling laws.

“This shows the predictions of doom from the bookmakers were dramatically overstated. Crying wolf won’t help their credibility in the upcoming gambling review.”

The Gambling Commission’s figures show the extent to which gamblers’ spending has changed since £100-a-spin FOBTs were reined in, with punters losing significantly less overall.

The amount lost on fixed-odds betting terminals tumbled from £1.16bn to £12m in the year to the end of March 2020, as the vast majority of FOBTs were rewired to offer lower stakes “B3” games.

B3 spending jumped from £1.1bn to £1.5bn as a result, indicating a significant switch to £2-a-spin products, where average loss rates are similar over time but huge, potentially life-altering one-off losses are much less common.

Overall, gamblers’ spending on machine-based betting in bookmakers fell by £700m to just under £2.1bn. Coupled with the effects of 11 days of coronavirus lockdown to the end of March, the 26% fall in machine income sent bookmakers’ revenues down from £3.26bn to £2.4bn during the year.

The land-based casino industry supported the FOBT cut, something bookmakers have previously said indicated that casino owners hoped to pick up business from players seeking high-stakes roulette elsewhere.

But casinos do not appear to have benefited, suffering a slight decline in income to just above £1bn.

Online casino betting increased by £100m to the highest-ever figure of £3.175bn, in line with long-term trends. The biggest increase in spending came in the fast-growing online sports betting category, where punters lost a record £2.3bn. The national lottery also enjoyed a significant increase, up by more than £300m to £3.4bn.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Posts
English Premier League Players
  NamePositionAgeHeightWeight
1 Bernd Leno Goalkeeper 29 190cm
1 Kepa Goalkeeper 26 186cm
1 Hugo Lloris Goalkeeper 34 188cm
1 David de Gea Goalkeeper 30 192cm
1 Lukasz Fabianski Goalkeeper 35 190cm
1 Alisson Goalkeeper 28 191cm
1 Jack Butland Goalkeeper 27 196cm
2 Joel Ward Defender 31 186cm
2 Winston Reid Defender 32 191cm
2 Matt Doherty Defender 29 185cm
2 Héctor Bellerín Defender 25 178cm
2 Antonio Rüdiger Defender 28 190cm
2 Victor Lindelöf Defender 26 187cm
3 Eric Bailly Defender 26 187cm
3 Sergio Reguilón Defender 24 178cm
3 Marcos Alonso Defender 30 188cm
3 Kieran Tierney Defender 23 180cm
3 Aaron Cresswell Defender 31 170cm
3 Patrick van Aanholt Defender 30 176cm
3 Fabinho Midfielder 27 188cm
4 Luka Milivojevic Midfielder 29 186cm
4 Phil Jones Defender 29 185cm
4 William Saliba Defender 19 193cm
4 Andreas Christensen Defender 24 188cm
4 Toby Alderweireld Defender 32 186cm
4 Fabián Balbuena Defender 29 188cm
4 Virgil van Dijk Defender 29 193cm
5 Sokratis Defender 32 186cm
5 Georginio Wijnaldum Midfielder 30 175cm
5 James Tomkins Defender 31 192cm
5 Jorginho Midfielder 29 180cm
5 Vladimir Coufal Defender 28 179cm
5 Pierre-Emile Höjbjerg Midfielder 25 185cm
5 Harry Maguire Defender 27 194cm
6 Paul Pogba Midfielder 27 191cm
6 Scott Dann Defender 34 194cm
6 Gabriel Defender 23 190cm
6 Davinson Sánchez Defender 24 187cm
6 Thiago Silva Defender 26 183cm
6 Thiago Midfielder 29 174cm
7 Edinson Cavani Forward 34 184cm
7 Son Heung-min Forward 28 184cm
7 Bukayo Saka Midfielder 19 178cm
7 Andriy Yarmolenko Forward 31 189cm
7 N’Golo Kanté Midfielder 29 168cm
7 James Milner Midfielder 35 174cm
8 Naby Keïta Midfielder 26 172cm
8 Cheikhou Kouyaté Midfielder 31 189cm
8 Juan Mata Midfielder 32 170cm
8 Harry Winks Midfielder 25 178cm
8 Dani Ceballos Midfielder 24 179cm
9 Roberto Firmino Forward 29 181cm
9 Jordan Ayew Forward 29 182cm
9 Saïd Benrahma Forward 25 172cm
9 Gareth Bale Forward 31 185cm
9 Tammy Abraham Forward 23 191cm
9 Anthony Martial Forward 25 181cm
9 Alexandre Lacazette Forward 29 176cm
10 Christian Pulisic Forward 22 172cm
10 Manuel Lanzini Midfielder 28 167cm
10 Mesut Özil Midfielder 32 180cm
10 Marcus Rashford Forward 23 185cm
10 Sadio Mané Forward 28 174cm
10 Harry Kane Forward 27 188cm
10 Andros Townsend Forward 29 181cm
11 Timo Werner Forward 24 181cm
11 Erik Lamela Forward 29 184cm
11 Mason Greenwood Forward 19 181cm
11 Wilfried Zaha Forward 28 180cm
11 Mohamed Salah Forward 28 175cm
12 Joe Gomez Defender 23 188cm
12 Mamadou Sakho Defender 31 187cm
12 Joe Hart Goalkeeper 33 196cm
12 Willian Forward 32 175cm
13 Rúnar Alex Rúnarsson Goalkeeper 26 186cm
13 Willy Caballero Goalkeeper 39 186cm
13 Adrián Goalkeeper 34 190cm
13 Lee Grant Goalkeeper 38 193cm
13 Wayne Hennessey Goalkeeper 34 197cm
14 Jean-Philippe Mateta Forward 23 192cm
14 Jordan Henderson Midfielder 30 187cm
14 Frederik Alves Defender 21 195cm
14 Jesse Lingard Midfielder 28 174cm
14 Fikayo Tomori Defender 23 184cm
14 Pierre-Emerick Aubameyang Forward 31 187cm
14 Joe Rodon Defender 23 193cm
15 Ainsley Maitland-Niles Midfielder 23 180cm
15 Craig Dawson Defender 30 188cm
15 Alex Oxlade-Chamberlain Midfielder 27 175cm
15 Kurt Zouma Defender 26 190cm
15 Jeffrey Schlupp Midfielder 28 178cm
15 Eric Dier Defender 27 188cm
16 Mark Noble Midfielder 33 180cm
16 Edouard Mendy Goalkeeper 29 196cm
16 Marcos Rojo Defender 30 187cm
16 Rob Holding Defender 25 189cm
17 Fred Midfielder 27 169cm
17 Curtis Jones Midfielder 20 185cm
17 Cédric Soares Defender 29 171cm
17 Mateo Kovačić Midfielder 26 177cm
17 Moussa Sissoko Midfielder 31 187cm
17 Nathaniel Clyne Defender 29 175cm
18 Pablo Fornals Midfielder 25 178cm
18 Bruno Fernandes Midfielder 26 179cm
18 Olivier Giroud Forward 24 193cm
18 James McArthur Midfielder 33 178cm
18 Thomas Partey Midfielder 27 185cm
18 Giovani Lo Celso Midfielder 24 177cm
18 Takumi Minamino Forward 26 174cm
19 Stephen Henderson Goalkeeper 32 188cm
19 Nicolas Pépé Forward 25 183cm
19 Mason Mount Midfielder 22 178cm
20 Dele Alli Midfielder 24 188cm
20 Callum Hudson-Odoi Forward 20 177cm
20 Christian Benteke Forward 30 190cm
20 Jarrod Bowen Forward 24 175cm
20 Diogo Jota Forward 24 178cm
20 Shkodran Mustafi Defender 28 184cm
21 Connor Wickham Forward 27 189cm
21 Konstantinos Tsimikas Defender 24 179cm
21 Daniel James Midfielder 23 170cm
21 Calum Chambers Defender 26 182cm
21 Ben Chilwell Defender 24 178cm
21 Angelo Ogbonna Defender 32 191cm
22 Hakim Ziyech Forward 27 181cm
22 Paulo Gazzaniga Goalkeeper 29 195cm
22 James McCarthy Midfielder 30 180cm
22 Sergio Romero Goalkeeper 34 192cm
22 Pablo Marí Defender 27 193cm
23 David Luiz Defender 33 189cm
23 Michy Batshuayi Forward 27 184cm
23 Steven Bergwijn Forward 23 178cm
23 Luke Shaw Defender 25 185cm
23 Billy Gilmour Midfielder 19 170cm
23 Issa Diop Defender 24 194cm
23 Xherdan Shaqiri Forward 29 169cm
24 Reece James Defender 21 182cm
24 Serge Aurier Defender 28 176cm
24 Gary Cahill Defender 35 193cm
24 Ryan Fredericks Defender 28 181cm
24 Reiss Nelson Forward 21 175cm
24 Timothy Fosu-Mensah Defender 23 190cm
25 Japhet Tanganga Defender 21 184cm
25 Odion Ighalo Forward 31 181cm
25 David Martin Goalkeeper 35 188cm
25 Eberechi Eze Midfielder 22 173cm
25 Mohamed Elneny Midfielder 28 179cm
26 Arthur Masuaku Defender 27 179cm
26 Andrew Robertson Defender 26 178cm
26 Dean Henderson Goalkeeper 23 188cm
27 Divock Origi Forward 25 185cm
27 Lucas Moura Forward 28 172cm
27 Alex Telles Defender 28 181cm
27 Tyrick Mitchell Defender 21 175cm
28 César Azpilicueta Defender 31 178cm
28 Tanguy Ndombélé Midfielder 24 181cm
28 Facundo Pellistri Midfielder 19 174cm
28 Tomas Soucek Midfielder 26 192cm
28 Joe Willock Midfielder 21 186cm
29 Aaron Wan-Bissaka Defender 23 183cm
29 Kai Havertz Midfielder 21 189cm
30 Eddie Nketiah Forward 21 180cm
30 Michail Antonio Forward 30 180cm
30 Gedson Fernandes Midfielder 22 184cm
31 Sead Kolasinac Defender 27 183cm
31 Ben Johnson Defender 21 175cm
31 Vicente Guaita Goalkeeper 34 190cm
31 Nemanja Matić Midfielder 32 194cm
32 Joel Matip Defender 29 195cm
32 Emile Smith Rowe Midfielder 20 182cm
33 Emerson Defender 26 181cm
33 Ben Davies Defender 27 181cm
33 Matt Macey Goalkeeper 26 202cm
33 Brandon Williams Defender 20 172cm
34 Martin Kelly Defender 30 191cm
34 Granit Xhaka Midfielder 28 186cm
34 Donny van de Beek Midfielder 23 184cm
35 Gabriel Martinelli Forward 19 180cm
35 Darren Randolph Goalkeeper 33 187cm
35 Sam Woods Defender 22 185cm
36 Nathan Ferguson Defender 20 184cm
37 Danny Drinkwater Midfielder 30 177cm
38 Axel Tuanzebe Defender 23 186cm
39 Scott McTominay Midfielder 24 190cm
40 Karlo Ziger Goalkeeper 19 184cm
41 Alfie Whiteman Goalkeeper 22 188cm
41 Declan Rice Midfielder 22 185cm
44 Jairo Riedewald Midfielder 24 182cm
45 Carlos Vinícius Forward 25 190cm
46 Rhys Williams Defender 20 195cm
47 Nathaniel Phillips Defender 23 190cm
62 Caoimhin Kelleher Goalkeeper 22 188cm
66 Trent Alexander-Arnold Defender 22 180cm
72 Sepp van den Berg Defender 19 189cm
76 Neco Williams Defender 19 183cm