GambleAware Has Received £295K in RET Donations in Q1

GambleAware has published an update on the donations it received in the first quarter of the 2024/25 fiscal year. The period from April 2024 to June 2024 saw a total of £294,722.99 (approximately $388,000) in Research, Prevention, and Treatment (RPT) contributions.

The Results Are In Line with Recent Years

GambleAware, which relies on gaming industry donations to power the gaming sector, reported that this level of funding is in line with the funding the company has been receiving for the past four financial years.

The British charity elaborated that smaller Q1 contributions followed by higher Q4 contributions have been a consistent trend over the past fiscal years.  

The Q1 figures also show that GambleAware received £40,000 in regulatory settlement funding. This type of funding, the charity explained, is comprised of final transfers of monthly installments agreed between the commission and a single operator, in accordance with the Statement of Principles.

More details about this regulatory settlement are available on the charity’s official website.

The Statutory Levy Looms

GambleAware noted that the 2024/25 fiscal year is expected to be the final year in which it receives direct donations from the gambling industry. While decently effective, this voluntary donations measure has sparked concerns about the charity’s dependence on gambling operators.

As a result, the Gambling Act white paper proposed a new statutory levy system whereby operators would be required to provide a small portion of their revenues to the charity. The introduction of this system was welcomed by GambleAware, which believes that it could benefit the sector.

However, GambleAware called for continued funding during the transitional period that will ensure that RET services are undisrupted.

Zoe Osmond, GambleAware’s chief executive officer, commented on the matter:

This is anticipated to be the final year of the voluntary donation system, before moving on to a system with a statutory levy. As we transition to the new system it is essential that funding is maintained at the same level as previous years to ensure there is no disruption to prevention and treatment services for gambling harm.

Zoe Osmond, CEO, GambleAware

In other news, GambleAware just published the latest edition of its Annual Treatment and Support Survey. The study found that children living with problem gamblers are four times more likely to develop a gambling problem in the future.