LeoVegas Group to roll out new responsible gaming tools with deposit limits

Responsible Gambling

LeoVegas Group, the operator behind household names like LeoVegas, BetMGM and BetUK, are set to make changes to their sites as part of their long term safer gambling strategy which bring player protection to the fore.

These products are designed to strengthen protections for all players and encourage sensible spending, with the introdcution of net deposit limits.

The subject of affordability checks has been hugely controversial, with the Gambling Commission also having run a consultation in which one possible outcome was the imposition of checks at as low a level as a net loss of £100 per month, after which customers would have to prove they could afford to lose more.

Net deposit is the sum of deposits minus the withdrawals punters made for a period. The net deposit limit is the maximum value that can be lost in the period.

Every time a punter wins and withdraw funds, the limit will adjust, allowing punters to deposit more whilst ensuring that the punter cannot lose a disproportionate amount of money. The deposit limit is usually self-imposed. This means that punters can set it and change it.

It’s a cap on how much people can deposit over a certain period. The net deposit limit is something operators apply to accounts to protect people.

RECOMMENDED