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Can Banks Help Gambling Addicts

Can Banks Help Gamblers Gain Control?

There’s an app for that.

It’s no secret that the internet has opened up almost limitless opportunities to gamble. That instant access can lead to major problems for vulnerable people. While many might see it as an inevitable cost of the convenience of smart phones, some banks are taking promising steps toward protecting problem gamblers.

Banking giant Barclays and two mobile-only United Kingdom banks, Monzo and Starling currently give customers the option of blocking themselves from online gambling. The concept is simple. Payments from the users account are blocked from gaming sites – including online casinos, bingo, sports betting and lotteries. The ban works on a category level. So, customers don’t need to block individual retailers or operators.

In an interview, one of Monzo’s customer specialists said that prevention is the key to helping financial addiction problems, rather than supporting recovery. The mobile-only bank has already reported a 70% decrease in gambling spending since the program took effect.

As Ohio and the rest of the country continue dealing with the expansion of digital gambling opportunities, solutions like the one being implemented in the United Kingdom could go a long way toward preventing problem gambling

For the full story, click on the link below.

Can Banks Help Addicted Gamblers Gain Control?

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Some children may be gifted lottery tickets this holiday season, which means now is the time to have a conversation about the dangers of youth gambling with your child. Find fact sheets and discussion guides to prevent youth gambling at http://changethegameohio.org/education/education-for-parents.
#ChangeTheGameOhio

Concerned about your gambling habits or the habits of a loved one? Trained & understanding specialists will answer your call to the #ProblemGamblingHelpline 24/7 & offer free & confidential support. #MakeTheCall today at 18-00-589-9966 or text 4HOPE to 741741.
#BeforeYouBet

Lottery tickets might seem like an easy holiday gift for the kids in your life. But they aren’t child’s play. Lottery tickets may increase their risk for problem gambling. Get easy alternative gift ideas: https://bit.ly/3VENZko
#ChangeTheGameOhio #GiftResponsibly