Gambling-Related Harm Costs England £1.27bn per Year
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Gambling industry in the UK is generating a profit of around £14.2bn in 2020. Public Health England estimates that gambling-related harms cost England at least £1.27bn ($1 billion) in 2019 and 2020, including bankruptcy, family issues, and health harms such as suicide.
PHE released a statement on the government website on Thursday revealing details of its study. It linked gender and mental health with the likelihood of a person experiencing gambling harm. Men are over four times more likely than women to gamble. People with mental issues are twice as likely to have gambling problems than those without. Areas with higher levels of poverty and alcohol consumption are at a greater risk of gambling.
Gambling Act 2005 review continues. DCMS confirms that the results will inform action on prevention and treatment of gambling-related harms. MPs will consider staking limits for online gaming, the issue of loot boxes, and gambling marketing.
Gambling-related harm costs England £1.27bn per year. Spain and Denmark have the joint-lowest rate of problem gambling in Europe. The amount of land-based gambling dropped significantly in Spain in 2020 due to the COVID-19 pandemic.
