The Brits are becoming obsessed with gambling

Britons' £30bn gambling obsession

As the government is about to change the gambling laws, the UK has seen an increase in over the last three years in money staked on gambling from £7.3bn p/a to £29.6bn.

This is no huge surprise, as the 9% betting tax was abolished, internet betting has increased and fixed odds betting terminals have made such a huge impact - and not forgetting the phenomenal success of betting exchanges.

Its questionable as to whether the increase is a rise in 'gambling addiction' or simply latent demand by the customer - with more choice and easier access to gambling, it could be that people are less weary about placing a bet and more willing to find their relevant outlets to do so. In other words, betting and gaming has started to become acceptable - whether through the advent of the National Lottery, or the abolishment of the betting tax and the rise of the internet.

However, as the time comes closer to regulatory change, more of these stories will start to appear in the press and more questions asked. It will be interesting to see if these huge increases continue to happen, or the market is just reaching its own peak and will stabilise.

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