Brits Blowing Away £1.7billion on Gambling Machines

The Mail on Sunday this weekend revealed that those living in the UK are spending £1.7billion gambling on fixed-odds betting terminals.

The betting terminals, which offer roulette and slot-machine-style games, are making profits of almost £1,000 a week, while many in London and other large cities are said by industry insiders to be raking in double that, according to the paper.

From the Mail on Sunday:

Ladbrokes revealed that its 8,966 betting machines made an average of £996 in profit per week each last year, up from £913 in 2013, while William Hill saw its weekly machine profit jump from £897 in 2013 to £939 last year.

Ladbrokes said that machine revenues were up 5.8 per cent on the previous year, and it expected a similar 5 per cent growth in 2015, meaning next year the average take per machine will be more than four figures each week.

- Aaron Goldstein, Gambling911.com