Internet gambling plunging people into debt
by Kay Murchie
Online Gambling is becoming an increasingly popular form of gambling and there are now an estimated 1,700 gambling websites on the Internet.
However, whilst many people gamble online without any problems GamCare has started to see an increase in the amount of people contacting their helpline and counselling services who are losing control of their gambling online.
In addition, the Insolvency Service has seen a huge increase in debt caused by gambling. A spokesperson commented that the growth in online gambling is adding to this rise in debt advice. People can pay online with their credit or debit cards, they can generate as much debt as their card will allow them to.
The Gambling Commission, a government watchdog, recently established that nearly 9% of adults participated in remote gambling on a monthly basis during the 12 months to June 2007.
Discuss this in the Finance Markets forums
Story link: Internet gambling plunging people into debt
Add to Bookmarks:
Related financial stories to: Internet gambling plunging people into debt
- Transact - more people seeking help for debt problems
- British people in denial about debt
- Growing amount of people worrying about debt
- OFT widens card fee inquiry to debt cards
- An increase in debt enquiries expected after Christmas
- Many facing a lifetime of debt
- Britons in debt paying for holidays
- Average Brit is over £30,000 in debt
- Internet dominates in mortgage research
- Enquiries about debt at record high
Previous: « Quicker bank transfers by spring 2008
Next: FTSE 100 down 4.1 percent on session »
Visited 932 times, 1 so far today
