DCMS: Stake limits expected to reduce online gambling GGY by £166m

The UK government decision to implement of new £2 and £5 stake limits for online slots, set to take effect later this year, is anticipated to impact the annual gross gambling yield by £166.2 million.

As announced on Friday by the Department for Culture, Media & Sport (DCMS) from September a maximum stake limit of £2 on UK online slots for anyone aged between 18 and 24 years old, as well as a £5 limit for anyone aged 25 or over will be applied on online operators.

The stake limits will bring online slots in line with land-based casinos and follow a 10-week consultation period in which the government says the majority of respondents – who were industry workers, academics, treatment providers and individuals – agreed with the statutory limits for online slots stated within the gambling white paper.

The DCMS has published its response to the online slot stake limits, to which it stated that the annual reduction to GGY is expected to be £166.2m, with a 5.2 per cent drop in online slots G..

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