Punters lost more than £1.7 billion last year in fixed-odds betting terminals which now account for more than half of betting shop profits Chris Harris/The TimesA review into the maximum stake levels on fixed-odds betting terminals will be announced this week as new research shows that gambling has the ability to alter the brain permanently. The former chancellor George Osborne was accused this year of blocking a review because of the tax revenue they generate but Theresa May wants the issue examined. Fixed-odds terminals (FOBTs) allow users to place bets of up to £100 every 20 seconds on games such as blackjack and roulette. The review could lead to the maximum stake being cut to £2 if the damage they are suspected of wreaking is…

Source: The Times September 11, 2016 23:06 UTC