Nationwide records 9% jump in spending on gambling
Nationwide Building Society reported a 9% increase in customer gambling spending in January, prompting concerns about potential harm.Summary
Nationwide Building Society observed a 9% rise in the total value of gambling spending by its customers in January compared to the previous year, alongside a 7% increase in the number of related transactions. While most customers manage their gambling responsibly, Nationwide is emphasizing the importance of recognizing signs of problem gambling, particularly with a busy sporting calendar anticipated in 2026, where 68% of gamblers surveyed expect to bet more. The top 10% of gambling spenders average £745 monthly. Nationwide offers gambling blocks and a 72-hour cooling-off period for these blocks, but a survey revealed 19% of gamblers are unaware of these options. GamCare highlighted the significant financial, mental health, and relationship challenges associated with gambling harm, while the Betting and Gaming Council emphasized the importance of combating the illegal black market.
(Source：Evening Standard)