FOBTs return 97% of the money put into them. They are deliberately low margin devices.
From Parliamentary briefing paper dated 23rd Oct 2018.
Quote:
|
Changes to the taxation of gambling (i.e. the introduction of a gross tax on profits) came into effect in October 20012 and allowed the betting industry to introduce new lower margin products, such as roulette, to FOBTs.
|
This means that you
will win if you keep playing. With gambling on something like horse racing, you can bet 1,000 times and lose each time.
Quote:
The ABB set out its position on B2s in more detail in an April 2013 paper. This claimed, among other things, that:
The average amount spent by customers on a B2 gaming machine is around £11 per machine per hour.
And 74% of B2 players play once a month or less which is hardly reflective of an addictive product. There is no evidence of a causal link between gaming machines and higher levels of problem gambling and the percentage of identified problem gamblers playing on B2 machines actually went down by 20-25% from 2007 to 2010…
|