UK Slot Machine Betting Limit

The British government's decision to cut the maximum betting stake on fixed-odds betting terminals (FOBT) from £100 to £2 is already making its mark. The new law, which came into effect in April of this year, has led to the closure of many high street betting shops over the past three months. But what does it mean for online casinos? Visit one of them and learn more here.

More Customers for Online Casinos

Online casinos will get a lot more traffic. Between 2017 and 2018, online slots accounted for 36% of online gambling revenue and that figure's expected to increase this year. Why? Well, the £2 maximum betting stake restriction doesn't apply in cyberspace so traditional slot players can bet hundreds of pounds on a spin online if they wish. Plus, since remote casinos boast bigger slot game libraries, more flexible payment methods and better return to player percentages (RTP) than betting shops, the bookies will have trouble enticing players back.

Better Customer Service found Online

Online casinos will have to improve customer service. Since more people will be playing slots online, internet casinos will have to come up with new ways to attract customers. Presently, prospective slot players are offered free spins, free games and even free cash by casinos in cyberspace. What's more, once people join online casinos, they're often rewarded for their loyalty through loyalty schemes. But you'll probably be offered more cash, games and spins and be rewarded for introducing friends. In fact, you'll be spoilt for choice and the casinos that are better at looking after their customers will be the ones who thrive in cyberspace.

Stricter Regulations

Nevertheless, there could be a raft of new regulations online soon, too. In fact, the UK Gambling Commission (UKGC) has already introduced a law to protect people gambling online. In May, new identity and age rules were introduced to guard against the risk of children gambling online and stop self-excluded gamblers from gambling. The UKGC is currently working on a couple of other changes, too. For instance, they're exploring the idea of banning the use of credit cards online as they believe people go through money too quickly with these. And the UKGC are also trying to improve the way online casinos deal with problem gambling.

More Safe Gambling Practices at online slot sites

Online casinos will also have to do more to promote responsible gambling. For example, they may have to monitor the time and money customers spend playing slots. In addition, they'll have to help gambling addicts more, include warnings on their sites about gambling addiction and stop certain groups from being exposed to their products. New videos, software and advertisements will be required to do all these things.

Final Thoughts on the limit

The new £2 maximum betting stake on slot machines is going to drive more people to online slots, improve customer care, lead to stricter regulations, and encourage casinos to introduce more safe gambling practices. And because of theses changes, your slot experience is only going to improve.