Punters in the UK that bet at fixed odds betting terminals (FOBT) may have the limits that they can wager lowered if the country's Culture Minister has her way.
Currently, the machines allow punters to bet up to £100 every 20 seconds and have been derided by many as the "crack" of gambling. UK Culture Minister Tracey Couch is set to cut how much punters will be able to bet on the machines, although the amount that will be reduced is not known. The minister could reduce the limits to £50, £20, or even as low as £2.
If the limits are lowered, it may help protect punters from getting in over their heads, but the betting industry will likely fight, as there will be massive hits to revenues. It's thought that clamping down on betting limits could cost bookies hundreds of millions of pounds, while taxes paid could also take a massive dive.
Gambling addiction has been rampant in the United Kingdom, as the UK Gambling Commission has stated that there are more than two million citizens that are either addicted to gambling or at risk of becoming so. The regulator has also begun cracking down on underage gambling marketing, ordering that operators stop putting out ads that market games that would appeal to children.
We'll update this story as we get firm details on the crackdown.