Credit-fuelled harmful gambling 07082024 - Flipbook - Page 4
GAMBLING IS COMMON AND INCREASING
" Applicants declined because of excessive
" Applicants whose Open Banking data
gambling: 33% (2023: 29%; 2022: 25%)
showed gambling activity during the
three months before their loan
application: 61% (2023: 56%)
" Applicants who spend more than £100 per
month on gambling: 27% (2023: 22%)
Monthly gambling
spend within the three
months before applying
1% OF
APPLICANTS
2024
2023
No gambling
39%
44%
(1,771 people)
gamble an average of
0-£100 per month
33%
33%
£5,760 per month
£100-£500 per month
12%
10%
£500-£1,000 per month
5%
4%
£1,000 and above per month
10%
8%
Percentage of applicants declined for gambling by year and quarter
45
40
35
30
25
20
30.2
32.5
21.8
18.4
18.4
19.2
18.6
36.2
22.1
19.6
36.6
29.7
28.4
26.1
25.2
24
23.4
33.6
33.4
34
34.9
28.5
23.1
38.1
33
30.1
28.3
21.7
35.8
34.1
22.9
21.5
25.4
15
10
5
0
2021-3
2021-4
2022-1
2022-2
Declines for gambling (all)
2022-3
2022-4
2023-1
Male applicants,
declinded for gambling
2023-2
2023-3
2023-4
2024-1
Female applicants,
declinded for gambling
THIS DOESN9T LOOK LIKE A 8FUN FLUTTER9
Of the 58,555 people Salad declined for excessive gambling in Q1 2024:
" Over half spent more than
£440 per month on average
3 a signiocant increase in
monthly spend compared with
2023 (£350 per month)
" They make 44 gambling
transactions per month on
average, but 13% make more
than three gambling payment
transactions every day
4
" Gambling accounts for 17%
of their entire expenditure
on average, but gambling is
half of their expenditure for
6% of them
