Nationwide records 9% jump in spending on gambling
Nationwide Building Society reported a 9% increase in customer gambling spending in January, raising concerns about potential gambling harm.Summary
Nationwide Building Society observed a 9% rise in the total value of customer spending on gambling 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 for 2026. Their data shows the top 10% of gamblers spend an average of £745 monthly, and a survey indicates 68% expect to bet more this year. Nationwide offers gambling blocks on accounts, but 19% of gamblers are unaware of this option. Experts from GamCare highlight the significant financial, mental health, and relationship challenges associated with gambling harm, while the Betting and Gaming Council emphasizes the risks posed by the unregulated black market. Nationwide provides a list of potential signs of gambling harm, including withdrawal, mood changes, financial difficulties, and dishonesty.
(Source：LBC)