Whether you play slot machines in a brick and mortar casino or an online casino, it’s a good idea to be clued up on the gambling laws. Gambling regulations differ in every country and in this blog post, we’ll be focusing on the gambling regulations in the UK. Gambling laws uk are always changing and it can be hard to keep up. Wizard Slots is here to keep you up to date on the latest changes to gambling laws in the UK!
New Gambling Laws in the UK
Gambling laws are laws that must be followed by casinos and gamblers to ensure safe, legal, and responsible gambling. Gambling is regulated by the Gambling Commission in the UK. One of these regulations in the UK is that to gamble in a casino or online casino, you must be aged 18 or over. To prove you are of legal age, you’ll have to provide some form of ID.
If you win when playing uk slots online, the rules state that players do not need to pay tax on winnings. That’s great as it means you can keep all of the winnings for yourself and don’t have to worry about calculating how much money you actually won.
There are some separate gambling laws for casinos. Online casinos and traditional casinos pay 15% tax on profits made. To operate, all casinos also must have a license from the Gambling Commission and must abide by the rules.
Tighter Age Checks
Those are some of the standard gambling laws in the UK. Now let’s take a look at new laws that have passed over the last couple of years! In May 2019, a decision was made to impose stricter age check regulations to protect people.
This move was particularly aimed at children who became more interested in sports betting and are affected by problem gambling. If you’re in the UK, you’ll need to confirm your ID and age every time you sign up or log-in to an online casino.
Reduced Maximum Stakes
In 2019, there was a huge media campaign wanting to make a change for maximum stakes to be reduced. This regulation has been put in place for fixed-odds betting terminals where the maximum bet is £2 rather than £100. This is likely to be a regulation for online slots and casino games too in the near future.
Credit Card Ban
The latest gambling regulation in the UK is the ban on credit cards for online casinos. This ban was introduced in April this year. The Gambling Commission noted that banning credit cards was one key step to take to combat gambling problems like gambling addiction. This new law makes it harder for people to get into debt from chasing their losses.
Final Thoughts on Gambling Laws in the UK
Gambling laws are always changing in the UK. Notably, there have been several changes over the past couple of years and more changes are likely to be revealed soon. Keep up to date with the latest gambling regulations on the Wizard Slots blog before you set to play slot games.