Report: fobt stakes will be cut to £2 •

Report: fobt stakes will be cut to £2 •

The maximum stake for so-called ‘crack cocaine’ gambling machines is set to be slashed to £2 following publication of a report due within weeks, it emerged today.
Sports Minister Tracey Crouch will press ahead with the dramatic reform later this month, it was reported.

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The plan is controversial because ending huge stakes played on Fixed Odds Betting Terminals will leave a £400million hole in gambling tax revenues.
But the Department for Culture Media and Sport is pressing on to tackle the problems of gambling addiction and money laundering.
A Whitehall source told the Sunday Mirror: ‘We’re going for the £2 option.

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‘No question about it.’
The decision to pursue the plans comes days after the Mail revealed Chancellor Philip Hammond had agreed to find a way to plug the hole in tax revenues.

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