Stat: Gambling spend is fuelled by mobile devices

Gambling is increasingly a mobile-first activity, according to a new report by software company Iovation. The study, which analysed more than 518m transactions, found that 70% of online gambling transactions are now made using mobile devices. Furthermore, financial transactions processed via mobile devices grew at an average annual rate of 95% from 2012 to 2018.

As gambling becomes more mobile – and arguably more frictionless – FinTech companies are experimenting with ways to re-introduce spending and access limits. In December 2018, Barclays became the first traditional bank to offer in-app controls that allow customers to block their own gambling spend.