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A 1% Voluntary Levy Provided by Casinos Is “Not Good Enough.”

Recently, the biggest gambling companies in the United Kingdom suggested to increase the money they tender to the government for solving the problems in the gambling industry.

Thus, the owners of the biggest gambling platforms such as Betfair, William Hill, Coral, Ladbroke, Paddy Power, Bet 365 and Skybet expressed their willingness to increase the voluntary fee to 1 % during the next five years. It is worth remembering that for the moment the free-will levy is 0.1 % of the profits received as a result of their gambling activity. It is also worth noting that brands that have casino welcome bonuses in UK will give back part of the revenue.

casio chipThis novelty will provide a total of £100 million per year for gambling charity organisations, whereas the voluntary levy raised during the year 2018 constituted only £10 million. A considerable list of other online casinos in the United Kingdom is ready to support this initiative, including Virgin games slots which have acquired enormous popularity during the last years.

Nevertheless, this step from gambling corporations was criticised for failing to go far enough. Thus, a decision made by the top five gambling corporations to increase their fee up to 1 % over the future five years is considered by the experts to be not good enough. They suggest to the government to introduce a mandatory levy of 1 % for all the gambling companies just now without delay.

casio chipThe statistics show that the number of gambling addicts has grown up to 30 % during the last period. If a 1 % levy introduction is postponed, the treatment of these gamblers risks failing because of the budgeting lack.

The solve the problem, gambling experts appeal to contribute more funds to gambling research, treatment of casino addicts, as well as education in order to prevent the escalation.

Actually, a net profit of the gambling industry reaches up to £14.4 billion annually. With a gambling fee of £3 billion, the experts consider that it is impossible to provide for all the needs the education, research, and treatment has in the current situation.

 

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