State-owned playing operator Norsk Tipping has introduced stricter loss limits for gamers aged 20 to 24. The new measures, efficient February 1, 2025, goal to additional defend younger adults from gambling-related dangers.
New Loss Limits for Young Players
Under the up to date coverage, gamers aged 20 to 21 can lose not more than NOK 3,000 monthly, whereas these between 22 and 24 will face a barely larger restrict of NOK 5,000. These caps apply to all video games out there by way of Norsk Tipping.
This follows a previous determination in May 2023 to set a most month-to-month loss restrict of NOK 2,000 for gamers aged 18 to twenty. For these aged 25 and above, the present cap stays at NOK 20,000 monthly, with higher-risk video games like on-line slots and casinos topic to a stricter restrict of NOK 5,000.
Protecting Vulnerable Young Gamblers
Norsk Tipping emphasised that these changes are essential to defend younger adults, a demographic recognized as being notably vulnerable to playing issues. Research from the University of Bergen and the Norwegian Gambling Helpline underscores that people below 25 are at higher danger of growing playing issues.
Internal surveys carried out by Norsk Tipping revealed that one in 5 males aged 18 to 25 is vulnerable to dangerous playing conduct. Financial vulnerability, mixed with rising residing prices, exacerbates the challenges confronted by youthful gamers.
“Young people generally have more vulnerable finances than older people. Higher living costs generally increase this vulnerability. Young people therefore end up in trouble more quickly if their losses are large and frequent,” Norsk Tipping defined.
Head of Responsible Gaming Supports Stricter Limits
Bjørn Helge Hoffmann, Norsk Tipping’s Head of Responsible Gaming, endorsed the discount in loss limits as a key measure in stopping gambling-related hurt.
“The most important accountability measure is that players must set their own limits before they play, and on average, players set their limit to NOK 3,600 per month,” Hoffmann said. “For those who are unable to limit themselves, the maximum loss limit is an important safety net. When this limit is lowered, it will contribute to the prevention of problem gambling and it will limit the damage for those who still have problems.”
Norsk Tipping additionally famous a rise within the variety of younger individuals participating with playing platforms, additional justifying the necessity for tighter restrictions.
Setting a Global Standard
Norway’s playing market, which is understood for its stringent protections towards playing hurt, continues to set excessive requirements for accountable gaming. However, Norsk Tipping acknowledges that extra might be performed to reinforce safeguards, particularly for youthful demographics.
With these up to date measures, the operator hopes to create a safer playing surroundings whereas reinforcing its dedication to participant welfare.
Source:
Norsk Tipping sets lower monthly loss limits for younger players, igamingbusiness.com, January 15, 2025.
