Bishop of St Albans asks about gambling reform

The Bishop of St Albans asked a question on the positive economic effects of instituting reform of the gambling industry on 29th June 2023:

The Lord Bishop of St Albans: To ask Her Majesty’s Government, further to the report produced by NERA Economic Consulting for the Peers for Gambling Reform group Economic Assessment of Selected House of Lords Gambling Reforms, published on 26 May, what assessment they have made of the positive economic effects of implementing the recommendations of the Select Committee on the Social and Economic Impact of the Gambling Industry (HL Paper 79, Session 2019–21).

I beg leave to ask the Question standing in my name on the Order Paper and declare my interest as a vice-chair of Peers for Gambling Reform.

Baroness Barran (Con, DCMS): My Lords, we are carefully considering the report by NERA Economic Consulting, along with the large amount of evidence we have received in connection with our review. There are clearly difficulties in making precise predictions, but we welcome this analysis. We aim to publish a White Paper by the end of the year, setting out our conclusions and the next steps for the gambling review.

The Lord Bishop of St Albans: (…) the IPPR estimates for the cost of problem gambling are between £270 million and £1.17 billion per annum, but there is evidence to suggest these are underestimates. 

Extrapolating problem gambling costs from studies in other jurisdictions suggests it could be as much as £6.5 billion—far beyond the £3 billion in annual tax contributions provided by the gambling industry. Will the Government commit to researching the costs of problem gambling, so we can determine whether the contributions from the gambling industry are offset by the damage caused by it?

Hansard