Research carried out by Lloyds Bank found that 50% of people would like banks to take further action to help prevent gambling harm, with monthly gambling limits being one of the most supported features amongst respondents. Research from the Gambling Commission shows that approximately one in three UK adults participate in gambling (excluding lotteries), and up to three percent of UK adults are estimated to be at some risk of harm due to their gambling, of which 0.3% is considered to be ‘problem’ gambling.
Available within the Lloyds banking app, users will be able to set a monthly debit card gambling limit of any amount to the nearest whole pound, when spending online, in person or over the phone.
