According to a recent poll conducted by GoldenCasinoNews.com, a vast majority of U.K. adults would be in favor of banning online gambling with credit cards.
The survey was performed after a recent report released by the UK Gambling Commission on how to improve safety in the market. At the moment, up to 20% of deposits for online gambling using credit cards are made with money that customers don’t have.
The poll involved 2 000 UK adults and was conducted between November 18-20, 2019.
76.7% of UK Adults Would Ban Online Credit Card Gambling
Currently, £8.6 billion in deposits to online gambling sites are made by players that do not have these funds to gamble.
Due to this reason, a large majority of UK adults are currently in favor of banning online gambling deposits with credit cards.
It is worth mentioning, that the UK Liberal Democrat Party has just announced they are planning to ban the use of credit cards for gambling. The main goal is to do so if they get a majority in the next elections on December 12.
As per the survey, 55.65% of the respondents answered that they would strongly agree with banning online gambling deposits with credit cards. Moreover, 21.05% said they somewhat agree with banning online gambling deposits with credit cards.
This would make 76.6% of the respondents in favor of banning the use of credit cards to gamble at online casinos and other betting sites.
There is a small division between genders. Female respondents are more prone to ban this method to fund online gambling accounts compared to male counterparts.
The report shows that 79,32% of the female respondents would agree or strongly agree to forbidden users to use credit cards for online wagering. This same number falls to 73.92% in U.K. males.
Only 3.4% of all the respondents said they would strongly disagree to ban online gambling deposits with credit cards. 4.05% would somewhat disagree with the prohibition and 15.85% answered they neither agree nor disagree with it.
The lowest percentage of people that mentioned they would disagree with the ban are those respondents aged between 18 and 24 with just 5.24% disagreeing.
The highest percentage of people that would not ban credit card online gambling were those aged between 35 and 44 with 10.94% of the respondents against the ban.
80% of the respondents aged over 55 said they would agree or strongly agree with the limitation. Meanwhile, those aged between 25 and 34 registered the lowest support for banning online gambling with credit cards. This represented 73.1% of the respondents in this age range.
Those individuals surveyed that were located in the North East region were those that registered the most significant support for banning the use of credit cards for betting online. 64.56% of them mentioned they strongly agree with the prohibition.
Individuals located in the West Midlands registered the largest opposition to banning this funding method. 5.52% said they strongly disagree with the proposed ban.
Surprisingly, 25% of the respondents in Scotland said that they neither agree nor disagree with this regulation for the online gambling market.
According to a recent report released by GoldenCasinoNews.com, the U.S. Iowa State Online Sports Betting Revenue Increased by 500% since August this year, three months after being legalized.
This shows that there is a great interest from individuals in playing in online casinos and gambling sites. However, using credit cards could be risky, considering up to 20% of the funds deposited on these sites are made with money consumers do not have.