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Norsk Tipping Sets Monthly loss Limits
Monday May 16,2016 : NORSK TIPPING TO IMPOSE PLAY LIMITS
No play once net losses reach NOK 20,000 per month.
Norwegian state lottery Norsk Tipping will impose a mandatory net loss limit on players of NOK 20,000 (USD 2,400) per month in an effort to curb problem gambling.
The Norwegian Government and Norsk Tipping have expressed their concern over the amount of money its lotto players wager in their dream to become “Lotto Millionaires”.
According to Norwegian Broadcasting (NRK), customers placing bets or paying for lottery cards will see those amounts registered and offset by any winnings. Players will be blocked from playing any further if their net loss exceeds NOK 20,000.
“There are many sad cases of human destiny here, and families ruined by gaming addiction, that’s why we’re setting a loss limit of NOK 20,000 that will regulate the amounts people can play for in a given month,” Linda Hofstad Helleland, Norway’s sports and culture minister said.
“We offer between 15 and 20 various games, and we want a limit that will track each players’ total amount of gaming expenditures,” Torbjørn Almlid,chief executive of Norsk Tipping added. “We have some customers who play for more than they should, and we want to help them stop that. We think this will lead to healthier gaming behaviour in Norway.”
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