A staggering £63m gambled on Isle of Wight high-stakes gaming machines in 2016

£63m was gambled and £2.9m was lost in FOBTs (Fixed Odds Betting Terminals) on the Isle of Wight last year according to figures published by Howard Reed of Landman Economics.

fobts

Data released by the Campaign for Fairer Gambling and the Stop the FOBTs Campaign reveals that staggering amounts of money is being gambled and lost in FOBTs (Fixed Odds Betting Terminals) on the Isle of Wight.

The campaign has released what they refer to as ‘best estimates’ (by Howard Reed of Landman Economics) about the amount of money being gambled on the touch screen electronic gaming machines found in betting shops across the Island.

The sort of games appearing on the FOBTs includes Roulette, Poker, Black Jack, slot games and virtual racing.

Up to £100 per spin can be bet every 20 seconds on casino games.

FOBT Data for the Isle of Wight

Number of betting shops15
Number of FOBTs55
Cash inserted in 2016£11,756,743
Amount gambled in 2016£63,208,292
Amount lost in 2016£2,939,186
Cumulative amount lost 2008-2016£19,912,545

Campaign for Fairer Gambling
According to their Website, the Campaign for Fairer Gambling “wants the maximum stake on FOBTs reduced to £2 spin to bring them in line with all other gaming machines in the UK”.

They say they’re aiming to gather public support to put pressure on the Government to take action on the “crack cocaine of gambling” – which are available in betting shops on every high street.

Find out more by visiting their Website.

Source: Jim Waterson – Buzzfeed

Image: chingster23 under CC BY 2.0

Monday, 21st August, 2017 9:25pm

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ShortURL: http://wig.ht/2fzX

Filed under: Island-wide, Isle of Wight News, Top story

Any views or opinions presented in the comments below are solely those of the author and do not represent those of OnTheWight.

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4 Comments on "A staggering £63m gambled on Isle of Wight high-stakes gaming machines in 2016"

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michael5rydeeast
Thank you for raising this issue and I am saddened about how big the issue is on the Isle of Wight. I worked for many years as a counsellor and psychologist and worked with a number of individuals addicted to fixed odd betting machines. They had severe long term mental health issues including severe OCD, Obsessive Compulsive Disorder, and they believed that one day they would beat… Read more »
davimel
I am STAGGERED by this story.. Not being a gambler I had never heard of this FOBT but it seems that I am in a very small minority judging by the money being spent on the things. I accept that this is not a scientific result but a ‘best guess’ figure however it seems so vast that surely either folk are richer than they claim, or they… Read more »
Nitonia

Bookmakers deliberately target areas where there is poverty and deprivation and people are more vulnerable to a hint of a get rich quick scheme.

Governments do not prevent this.

https://www.theguardian.com/society/2017/jun/06/tories-fobt-gambling-labour

Steve Goodman

Private Eye (1451, p.9) now reports that the government is delaying it’s review of FOBTs, and that the decision may be influenced by the amount of tax received from bookies/ lobbying by bookies/ donations to the Cons. by directors and shareholders of high street bookies with FOBTs.