PRIZE DEBT: CALLS TO REVIEW GAMBLING REGULATIONS AS CONSUMERS RACK UP MILLIONS ON CREDIT CARDS

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Consumers spent £117m on credit cards entering prize draws and competitions which are not currently regulated by the Government.

Jumbo Interactive calls for greater regulation of the prize draw and competition market and a clampdown on credit card use. Consumers spent £117m on cards entering prize draws and competitions in the last year. Promising a charitable donation makes 45% of participants more likely to enter. There is little enforcement of minimum donation percentage for prize drew and Competition companies. Lotteries give a minimum of 20% and often over 50% to good causes. For prize drawings, it's possible to play by post for the cost of a postage stamp.

Consumers are spending millions on credit cards on prize draws. The government needs to review the regulation of prize draw and competition regulations. Some of the money spent on prizes goes to charity. Society lotteries have minimum donation rates. Public trust is crucial for society lotters to operate successfully.

The Lotteries Council is concerned about the use of prize draws operated by commercial gambling companies. 15% of entrants fall foul of scams. 72% think prize competitions and prize draw should be regulated in the same way as gambling. . The Lottery Council hopes the Government will look into this issue.