Do you believe that the Deposit threshold can minimize gambling addiction in the poor sector?!
That’s what our lawmakers believe. Right now, you can deposit as low as 1 dollar in our local casino through our local e-wallet, and because of this, many poor people become addicted to games like Bingo, scatter, and other luck-based games.
So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.
This law is also the reason why stocks from gambling platforms are taking a big hit and suffering from a plunge, because a big number of their players come from poor and middle-income earners.
The bill proposes raising the minimum age for players to 21, prohibiting the use of popular e-wallets such as GCash and Maya for gambling payments, and enforcing a minimum deposit threshold of PHP10,000 ($175) to reduce participation from financially vulnerable groups.
This could work, yeah, or what exactly do you think? This can actually work, a minimum deposit of $175 could indeed go a long way in making sure that the poor have a had time participating in gambling again since and if they can not afford this amount of money to deposit in the casino.
But on the other hand, this is also if casinos will honor the law if and when the bill passes, because it is one thing to make a law, and it is another for affected parties to obey it, if casino will obey the law, then this could cub gambling addiction from poor people in the country, but may as well increase crime a bit because already addicted people may want to find a means of raising this money to deposit and continue to play, even if it means stealing it.