Fixed-odds betting terminals in England are allowed to accept bets as high as £100 at the time of this writing. It’s being reported by iGamingBusiness that there’s starting to be a push led by Newham Council in East London towards having those maximum bet sizes dropped to £2.
Chances of This Going Anywhere
A lot of people who see this sort of thing will have a knee-jerk reaction to it that there will not be much of a chance of it gaining much traction since it would spell a loss in government revenue through taxing gambling companies who accept the bets.
However, I believe that lower maximum bet sizes for these machines could be coming in England’s future.
Initiatives towards more responsible and more regulated gambling have been getting a lot more attention in England in 2014 than in the years before. This has happened at the same time that plenty of smaller operators have been effectively pushed out of the country because of changes in their licensing process aimed at keeping out foreign businesses who weren’t being taxed.
The operators who are left have shown a major willingness to self-regulate to keep the government off of their backs, so we could see these businesses offer to cut down the maximum bet size voluntarily as a justification for fewer regulations and a lower degree of control from the government.
I’m going to be keeping an eye on this because it’s going to be really interesting to see what happens with it, but I don’t expect there to be a drastic change no matter how the cards fall on this one. We might see a drop from £100 to £50 for the maximum bet size on these terminals, but I don’t think there’s any way that they will get a drop down to below £25 at the very least.