Key facts These are a mix of facts from The Gambling Commission Report 2019, Guardian website, Gambling With Lives website and Google Search. The facts don’t receive much airtime; I’ll let you decide for yourself why that might be. Economic: • UK Betting Industry worth around £14.4 billion in 2018/19 (up from £8.4 billion in 2008) • UK government earned around £2.9 billion from gambling in tax year 2017/18 • In the US gambling is worth $500 billion per year • 23 million people in US go into debt because of gambling. Their average loss is $55,000. • UK has largest unregulated online betting industry, worth around £5.4 billion per year. Law: • Betting was legalised in the UK 1st May 1961. In the first 6 months over 10,000 betting shops were opened • The Gambling Act 2005 permitted gambling companies to advertise on television and radio • There was a 600% rise in gambling adverts from 2007-2014 in the UK • 18% of gambling adverts on TV today are related to gambling Society: • More than 2 million people in the UK are either problem gamblers or at risk of addiction • There are 55,000 gambling addicts in the UK aged 11-16 years old • Men are 7.5 more likely than women to be problem gamblers • 1 in 4 young men are at risk from gambling problems • While only 4% of people nationally gamble online, almost 35% of at-risk gamblers do . Health: • Gambling is a mental health disorder. It was classified in 2013 alongside alcohol and drug addictions • The industry made nearly £14 billion gross profit in 2015/16. It contributed £8m to pay for research, education and treatment • 2% of gambling addicts were able to access treatment - compared to 15-20% for drugs and alcohol addictions . Suicide: • UK and international research have found that 4-11% of suicides are related to gambling which is equivalent to 250-650 deaths per year in the UK • Research from Sweden found that gambling addicts are 15 times more likely to take their own lives than the general population • Gambling addicts are 3-4 times more likely to attempt to kill themselves than other types of addict. Facts from the 2019 Gambling Commission Report in the UK: • 8,320 betting shops • 651 bingo premises • 154 casinos • 179,556 gaming machines • 47% of people have gambled in the past four weeks (December 2019) • 21% of people have gambled online in the past four weeks (December 2019) • 50% of online gamblers have gambled through a mobile in the past four weeks (December 2019) • 15% online gamblers gambled in the workplace • 56% of online gamblers have more than one online account • 51% respondents have seen a gambling advert on TV in the last week • 0.5% or people aged 16+ in England are classified as problem gamblers according to PSGI or DSM-IV in 2018 • Only 33% of people think that gambling is fair and can be trusted; 71% think that it is dangerous to family life. Why are Betting Companies based abroad? GIBRALTOR CASE STUDY • Gibraltor is home to: Bet365, William Hill, Labrokes Coral, Unibet, Tombola, Betfred, 888 Sport, 32 Red, Playtech, GAMEIOM, Boyle Sports, bwin. • Key benefit to companies is that all marketing expenses in Gibraltor can be classified as VAT exempt (they save 20%) • They pay tens of millions per month on marketing, so this adds up to huge sums of money saved • E.g. half the Premier League football teams have shirts sponsored by betting companies. E.g. 17 out of 24 Championship football clubs are sponsored by betting companies, i.e. Derby/Wayne Rooney/32 Red (I wonder why he wears the 32 shirt) • Cooperation tax is 10% in Gibraltar (compared to 20% in UK). • There are other locations for betting companies like Malta and The Channel Islands.
Thanks for all the support guys. I've since setup The Invisible Addiction, a Podcast & Vlog investigating problem gambling in the UK. th-cam.com/channels/Ftd4a69F0uzICZ_Sq1FHwg.html
Key facts
These are a mix of facts from The Gambling Commission Report 2019, Guardian website, Gambling With Lives website and Google Search.
The facts don’t receive much airtime; I’ll let you decide for yourself why that might be.
Economic:
• UK Betting Industry worth around £14.4 billion in 2018/19 (up from £8.4 billion in 2008)
• UK government earned around £2.9 billion from gambling in tax year 2017/18
• In the US gambling is worth $500 billion per year
• 23 million people in US go into debt because of gambling. Their average loss is $55,000.
• UK has largest unregulated online betting industry, worth around £5.4 billion per year.
Law:
• Betting was legalised in the UK 1st May 1961. In the first 6 months over 10,000 betting shops were opened
• The Gambling Act 2005 permitted gambling companies to advertise on television and radio
• There was a 600% rise in gambling adverts from 2007-2014 in the UK
• 18% of gambling adverts on TV today are related to gambling
Society:
• More than 2 million people in the UK are either problem gamblers or at risk of addiction
• There are 55,000 gambling addicts in the UK aged 11-16 years old
• Men are 7.5 more likely than women to be problem gamblers
• 1 in 4 young men are at risk from gambling problems
• While only 4% of people nationally gamble online, almost 35% of at-risk gamblers do
.
Health:
• Gambling is a mental health disorder. It was classified in 2013 alongside alcohol and drug addictions
• The industry made nearly £14 billion gross profit in 2015/16. It contributed £8m to pay for research, education and treatment
• 2% of gambling addicts were able to access treatment - compared to 15-20% for drugs and alcohol addictions
.
Suicide:
• UK and international research have found that 4-11% of suicides are related to gambling which is equivalent to 250-650 deaths per year in the UK
• Research from Sweden found that gambling addicts are 15 times more likely to take their own lives than the general population
• Gambling addicts are 3-4 times more likely to attempt to kill themselves than other types of addict.
Facts from the 2019 Gambling Commission Report in the UK:
• 8,320 betting shops
• 651 bingo premises
• 154 casinos
• 179,556 gaming machines
• 47% of people have gambled in the past four weeks (December 2019)
• 21% of people have gambled online in the past four weeks
(December 2019)
• 50% of online gamblers have gambled through a mobile in the past four weeks
(December 2019)
• 15% online gamblers gambled in the workplace
• 56% of online gamblers have more than one online account
• 51% respondents have seen a gambling advert on TV in the last week
• 0.5% or people aged 16+ in England are classified as problem gamblers according to PSGI or DSM-IV in 2018
• Only 33% of people think that gambling is fair and can be trusted; 71% think that it is dangerous to family life.
Why are Betting Companies based abroad?
GIBRALTOR CASE STUDY
• Gibraltor is home to: Bet365, William Hill, Labrokes Coral, Unibet, Tombola, Betfred, 888 Sport, 32 Red, Playtech, GAMEIOM, Boyle Sports, bwin.
• Key benefit to companies is that all marketing expenses in Gibraltor can be classified as VAT exempt (they save 20%)
• They pay tens of millions per month on marketing, so this adds up to huge sums of money saved
• E.g. half the Premier League football teams have shirts sponsored by betting companies. E.g. 17 out of 24 Championship football clubs are sponsored by betting companies, i.e. Derby/Wayne Rooney/32 Red (I wonder why he wears the 32 shirt)
• Cooperation tax is 10% in Gibraltar (compared to 20% in UK).
• There are other locations for betting companies like Malta and The Channel Islands.
Gambling is terrible, u are lucky , a lost people still pain and destroy their lives!
An hour we’ll spent listening to your story. Not spoken in a few years but hearing you describe this struggle was very interesting. Well done you.
Hey Paul, thank you for taking the time to listen, your support and encouragement means a lot. I hope it helps others
I agree
Thanks for all the support guys. I've since setup The Invisible Addiction, a Podcast & Vlog investigating problem gambling in the UK. th-cam.com/channels/Ftd4a69F0uzICZ_Sq1FHwg.html
Thanks for sharing Alex
Sad gambling story thanks mate
interesting, thanks for sharing
Always remember your not alone
If u are unemployed ,you're 90% likely to gamble . I Researched that
You need to add sources when you make statements such as this
Great podcast, very honest and raw.
Well why don't you earn up to $6,000 invest in online stocks and trading,I'll guide you
Mate I felt your pain at the start of the pod cast, ive been their.. good hour well spend
Well change the habit by investing in online stocks and trading crypto