{"id":16288,"date":"2024-02-23T12:18:30","date_gmt":"2024-02-23T12:18:30","guid":{"rendered":"https:\/\/instantcasinos.com\/?p=16288"},"modified":"2024-02-23T12:56:38","modified_gmt":"2024-02-23T12:56:38","slug":"uk-set-to-announce-2-max-stake-on-slots-for-under-25-year-olds-in-online-casino-shake-up","status":"publish","type":"post","link":"https:\/\/instantcasinos.com\/blog\/2024\/02\/23\/uk-set-to-announce-2-max-stake-on-slots-for-under-25-year-olds-in-online-casino-shake-up\/","title":{"rendered":"UK Set To Announce \u00a32 Max Stake On Slots For Under 25 Year-Olds, In Online Casino Shake Up"},"content":{"rendered":"

The UK government will shake-up the online casino slots industry by limiting stakes per pin for certain age groups.<\/strong><\/p>\n

This casino slots ‘staking shake-up’ was revealed on 23rd Februry, but won’t come into play until September 2024, pending a secondary legislation – with under 25 year-old slot players to be limited to \u00a32 per spin and over 25’s \u00a35 per spin.<\/p>\n

Prior to this ruling there was no legal maximum stake of UK online slots players – but several platforms that include Flutter did implement slot limits at \u00a310 back in September 2021.<\/p>\n

The gambling industry as a whole in the UK has been in the spotlight in recent months with the government keen to tighten regulatory controls on the online casino providers in a bid to reduce problem gambling and addiction,<\/p>\n

Prior to these new \u00a32 and \u00a35 per spin limits, there had been talk of limits between \u00a32 and up to \u00a315.<\/p>\n

White Paper Highlights Online Players Aged 18-24 Most Vulnerable<\/strong><\/h3>\n

Back in April a white paper that was published set out that that even reducing the stake to \u00a38.50 would result in a \u00a3185m drop in financial revenue for the industry.<\/p>\n

With the white paper showcasing that new limits should be advised at the lower end of the age range, with online gambling players between 18-24 more vulnerable.<\/p>\n

Labour MP Carolyn Harris and chair of the All-Party Committee on Gambling Related Harm, told the Guardian newspaper – “I am pleased that the government has seen sense and opted for a \u00a32 limit for people under 25,\u201d said Harris. \u201cThere is, however, clear evidence that a \u00a32 limit should be in place for everyone to prevent harm. The government has sided with the industry and should rethink.\u201d<\/em><\/p>\n

Stuart Andrew, Gambling Minister added:<\/p>\n

\u201cAlthough millions of people gamble safely every single day, the evidence shows that there is a significantly higher problem gambling rate for online slot games.”<\/em><\/p>\n

“We also know that young adults can be more vulnerable when it comes to gambling related harms, which is why we committed to addressing both of these issues in our white paper.”<\/em><\/p>\n

“The growing popularity of online gambling is clear to see, so this announcement will level the playing field with the land-based sector and is the next step in a host of measures being introduced this year that will protect people from gambling harms.\u201d<\/em><\/p>\n

During 2023 online casinos (including slots) in the UK were responsible for \u00a34 billion of the industries overall \u00a311 billion revenue.<\/p>\n

With the ongoing affordability checks debate going too, there is also a strong chance that further restrictions will come into place for online casino players in the UK.<\/p>\n

These include loss thresholds that will be triggered when a player posts a \u00a31,000 net loss over a 24-hour period or \u00a32,000 over 90 days.<\/p>\n

Visit Instant Withdrawal Casinos<\/a> to experience lightning-fast payouts on online slots.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UK government will shake-up the online casino slots industry by limiting stakes per pin for certain age groups. This casino slots ‘staking shake-up’ was revealed on 23rd Februry, but won’t come into play until September 2024, pending a secondary legislation – with under 25 year-old slot players to be limited to \u00a32 per spin … <\/p>\n","protected":false},"author":53,"featured_media":15810,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[],"class_list":["post-16288","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feature"],"acf":[],"yoast_head":"\nUK Set To Announce \u00a32 Max Stake On Slots For Under 25's<\/title>\n<meta name=\"description\" content=\"UK Set To Announce \u00a32 Max Stake On Slots For Under 25 Year-Olds, In Online Casino Shake Up and \u00a35 per spin for over 25's.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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