Tracey Crouch MP has confirmed that the stake cut from £100 to £2 for fixed-odds betting terminals (FOBTs) is likely to be announced in the autumn budget and that implementation should begin after the start of the next financial year in April 2019.
In Wednesday’s evidence session for the All-Party Parliamentary Group on FOBTs, Crouch told the audience of MPs, bookmakers and gaming activists that the FOBT stake slash will “hopefully” be enacted in the next financial year.
Crouch said that the Department for Digital, Culture, Media & Sport has “been crossing the Ts and dotting the Is on this. We are in the final stages of finishing and we expect it to be done within the quarter.”
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