Gambling Harms
Debate between Abtisam Mohamed and Max Wilkinson(1 month, 3 weeks ago)
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Max Wilkinson
In most cases, a financial loss to the individual who takes part.
These people are unable to talk to their friends and family about the losses and their addiction. They are unable to seek help, despite the repeated suggestions from gambling companies that when the fun stops, people should stop gambling. The gambling companies know what we in the Chamber know: addicts cannot stop. They are not able to, no matter how many times they see a gentle nudge on a fun advert on the television. It is estimated that 48% of people in the UK regularly gamble and that the gambling market is now worth about £15 billion. But, as has been said, that is revenue, and then there is other revenue. We must be clear about where the revenue is coming from.
Receipts from April to September last year total more than £1.7 billion, a 6% increase on the previous year. A study by the University of Liverpool found that over 290,000 betting accounts experience losses of over £2,000 each year. This leads directly to loss of life. Public Health England estimates that there are 400 gambling-related suicides every year: more than one a day. Every single death is a tragedy. Despite this worrying picture, regulatory action has been slow and has lagged behind the technology, the pervasive level of advertising and changing consumer habits.
Abtisam Mohamed
Does the hon. Member agree that we cannot allow the sector to regulate itself? If allowed to, its members will do what benefits them and ensure they prioritise profit, not the needs of vulnerable users.