To mark its 25th anniversary year, GamCare is looking into the key issues surrounding gambling harms, from the increases in cost-of-living to cryptocurrency, to raise awareness and encourage those impacted to reach out for support. The charity has commissioned a survey with You Gov, asking a nationally representative sample of 4,000 people, across the UK, for their views on key issues from online gambling and sport betting to newer activities facing gamblers today.
The survey has revealed a link between gambling losses and worries about rising cost of living. You Gov data shows nearly half (46%) of those surveyed are worried or very worried about their financial situation. The figure is significantly higher in those who report losing significant amounts of money gambling- 61% of this group are worried or very worried about their finances.
Insights from the GamCare run, National Gambling Helpline, shows callers, including recovered problem gamblers are turning to gambling to tackle rising cost of living. The charity has taken nearly 500,000 calls since 1997 through the helpline, to tackle the emotional and physical side-effects associated with gambling
Recently, advisors have reported that a number of callers, on Universal Credit, are gambling as a way to make extra money to cover their bills but have unfortunately ended off in a worse financial situation as a result. Advisors on the helpline have also reported repeat callers, who previously felt they had recovered from gambling, but have relapsed as financial pressures have heightened and have needed to seek more support for their gambling. Callers have also reported increasing costs as a barrier to tackling their existing debts through gambling and are further struggling to pay them back.
Latest annual figures from the charity show that 75% of gamblers and 53% of affected others using the National Gambling Helpline reported financial difficulties, and 66% of gamblers disclosed having debt. In treatment, 80% of gamblers and 56% of affected others reported financial difficulties and 66% of gamblers reported debt.
Increased accessibility of online gambling and prevalence of traditional gambling
The rising cost of living coupled with the increased accessibility of online gambling, which was, at times, the only form of gambling available during the pandemic, can be particularly challenging for those harmed by gambling. Despite the increased popularity in newer forms of betting such as skins and loot boxing, more traditional forms of betting like horse and greyhound racing are still prevalent today.
- The YouGov data shows that horse racing (36%) followed by football (21%) are the most popular sporting events to place a bet on in the last 12 months
- Problem gamblers and those with a moderate level of problem gambling mostly bet on football matches (56% and 60%) and horse racing (29% and 48%)
- 6 in 10 (59%) of 16–24-year-olds who gamble have not placed a bet on a sporting event in the last 12 months, but a 17% of this group report that they own cryptocurrency
High-risk trading and investing, such as cryptocurrency, are a growing concern for problem gamblers
As well as traditional gambling- like football or horse race betting, GamCare is seeing a growing risk to consumers from high-risk trading and investing, including cryptocurrencies. Although many people invest without experiencing harms, there is an increasing concern for people experiencing issues related to cryptocurrencies, particularly for problem gamblers. The survey data suggests that those who have experienced serious gambling harms are more likely to experience negative impacts when trading.
- 43% of problem gamblers own cryptocurrency
- Two thirds of low-level problem gamblers (66%) are motivated to buy cryptocurrencies to make money, this is significantly higher than problem gamblers (24%)
- Those whose gambling is classed as problematic are much more likely to report negative impacts from purchasing cryptocurrency than the general population. One quarter (25%) of this group want to invest more to recoup their losses (v 7%), 22% say they have not been able to pay essential bills (v 4%) and 21% say they have felt overwhelmed by the situation (v 6%)
Lack of parental awareness
GamCare is becoming aware of new activities that could pose a risk in the future. Nearly a fifth (17%) of all 16- to 24-year-olds surveyed said they owned cryptocurrency, with 16- to 34-year-old males being the most likely to report owning cryptocurrencies – 33% have bought it at some point. The survey also shows that parental awareness and levels of confidence in speaking to children about newer trends are low.
- Half of parents of children aged under 18 (51%) would feel unconfident explaining what cryptocurrency is
- 42% of parents of children aged under 18 would not be confident talking to their children about loot boxes, compared to a third of this audience (33%) who would. Among all parents, the number of women (50%) who are not confident is higher than men (33%)
- 79% of parents of children aged under 18 have never heard of skins betting
Anna Hemmings, chief executive at GamCare, said: “For 25 years, GamCare has helped people experiencing problems with gambling. Over this time, we’ve gained knowledge and expertise from working collaboratively, including with people who have lived experience, on how to best support those affected by gambling harms – including gamblers, their family and friends.
“Our helpline advisers are hearing that the cost of living is impacting people’s gambling behaviours- particularly those gamblers who have recovered. We are currently developing a new in-house Money Guidance Service to better support people using our services, with financial difficulties and debt.
“We also know that our team are hearing from more and more people who are reaching out for help around crypto trading. It is concerning to see the survey data, which suggests that those who have experienced serious gambling harms are more likely to experience negative impacts when crypto trading, such as chasing their losses, feeling overwhelmed and not being able to pay their bills.
“As we turn 25, and look to the upcoming Gambling Act Review, we will continue to raise awareness of gambling issues, including newer trends, and become more accessible to help people spot the signs and reach out for support. We urge anyone who is struggling with gambling to contact us. Whether you’re concerned for yourself or for others, we’re here to support you.”