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Odds on for gambling

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30/05/2006

Nearly 6.7 million people – 1 in 3 British adults – will gamble over the next two months, mainly on the World Cup and the National Lottery, according to friendly society, Liverpool Victoria.

Conversely, almost a third of Britons (29%) do not intend to save any money over the same time period.

The National Lottery is the most popular form of gambling in the UK, with a quarter of Britons taking part. In the next 2 months people will spend an average of £27 but those gambling on the World Cup will bet an average of £33.

Some people will still be saving over the summer period though, with an average of £135 per person over the next two months. Nigel Snell, Liverpool Victoria’s head of corporate communications, said: “While a lot of people still intend to gamble substantial amounts over the period of the World Cup, the important message about the need to save does seems to be getting through to some people. However, the well publicised savings gap would be reduced further, if more people diverted some of their gambling money into regular savings.”

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