University students are spending an average of £1,700 a year on betting – study
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University students are spending an average of £1,700 a year on betting – study

According to a study of the gambling epidemic in the UK, university students spend an average of £1,700 a year on betting. The study found that one in six students who gamble have a “problem” with it, and 57% said they had used borrowed money, including payday loans, to place a bet in the past year.

Nearly half of the students surveyed said that betting had caused them to miss lectures and impacted their grades. A former student revealed to The Mail on Sunday that he had become so addicted to gambling that he blew his £1,200 student loan within 24 hours.

The survey of 2,003 students found that the average student wagered £33.77 a week, or £1,756 a year. The most popular forms of gambling after the National Lottery were online sports betting and online bingo.

Worryingly, four in ten students said they had invested in cryptocurrencies in the last 12 months, which experts have warned is no different from gambling due to the wildly unpredictable swings in value of the digital currencies.

The research was commissioned by the Young Gamers and Gamblers Education Trust (YGAM) and GamStop, a free service that allows punters to restrict online gambling. YGAM chief executive Dr Jane Rigbye said, “A large percentage of the student population is gambling on a regular basis, many in a way that causes them to experience some level of harm.”

Recovered gambling addict Bray Ash said he once blew his entire £1,200 student loan grant in one day while he was studying at Leeds Beckett University. Ash said that gambling is so glamorised, and he thinks that the problem is getting worse among students.


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