EGBA State how important responsible gambling is during Corona Virus pandemic.

We are all aware how important responsible gambling is at all times, but companies are even more aware of its importance during a time where all online gamblers are stuck indoors for the majority of the day due to the coronavirus lockdown. 

The European Betting and Gaming Association have highlighted in a recent blog the importance of this and it’s not just the online gamblers that should take care and they stated “online gambling companies should also act responsibly and be mindful of their social responsibilities during these difficult times. Common sense goes a long way.” 

If you are unaware of the steps you can take to control your gambling, we have listed a few below. 

Self-Exclusion. 

Self-exclusion will allow customers to ban themselves from accessing a specific gambling website – a safety net for those who experience problematic gambling and/or wish to stop gambling. Responsible companies already provide self-exclusion tools to their customers. 

Unfortunately, self-exclusion registers don’t apply to black market gambling websites, so make sure you sign up to a licensed operator – please read our recommend sites HERE 

Take a Break. 

Many online casinos will allow you to take a temporary break from gambling this being 1 week, 1 month, 6 months or a year – this allows a customer to pause the said account rather than closing it for life. 

Deposit limits  

All betting sites now allow you to place deposits limits on your account, this can be done from registration or buy going into you’re my account section of the site, you can set gambling deposit limits daily weekly or monthly – make sure you always gambling within your means! 

There has been a lot of talk recently that online gambling would increase during this pandemic but the EGBA have squashed that by stating that “Corona Virus will lead to less gambling online, not more!  

“While it is extremely important that online gambling companies are vigilant in protecting their customers during this lockdown, well-intentioned concerns of an “explosion of online gambling” are unfounded. 

The cancellation of major sports events and the consequent loss of sports betting revenue negatively impacts online bookmakers: website traffic and revenues will drop. That’s because sports betting makes up nearly half of Europe’s online gambling activity. In the absence of sport events to bet on, some sports betting customers might switch to other gambling verticals but most will simply stop betting altogether until sports have resumed. This is reflected in recent market updates. 

Here in Belgium, the government confirmed last week that traffic to licensed gambling websites had decreased by 38% (from pre-COVID19 levels). A significant drop which the government attributes to the decline in sports betting. 

This reality is also reflected in H2 Gambling Capital’s recent forecasts which predict a 12.5% drop in 2020 global gambling revenues (compared to 2019). While online gambling’s share of the declining gambling market is expected to increase – by 3% – from 13% to 16%, real terms online gambling will actually drop because of the overall market decline. 

This is contrary to what many predicted and disproves the concerns about dramatic increases in online gambling, which have underpinned the recent introduction of severe advertising restrictions in some European countries.” 

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Responsible Gambling