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New research by the University of Bergen has revealed a 62 percent increase in the problem gambling rate in Norway, calling into question the efficacy of the country’s monopoly. The study, commissioned by the Norway Gaming and Foundation Authority, surveyed 9,000 residents between the ages of 16-74 and found that 55,000 people are currently impaired by problem gambling, with an estimated additional 122,000 at risk.

Maarten Haijer, European Gaming and Betting Association (EGBA) secretary general commented: “european gambling monopolies might be falling. Gamblers tend to shop around for the best betting odds or bonuses”.

“That’s why the vast majority of European countries have rejected monopolies in favour of licensing-based online regulation and it’s only a matter of time before Norway will have to do the same. Providing the consumer with choice leads to better channelling, better tax revenues for the state and better consumer protection.”

Source: Smart Live Gaming