London, Mar 7: Nationwide Building Society has urged customers to remain alert to signs of problem gambling after reporting a rise in betting-related spending amid a packed calendar of major sporting events.
According to the financial institution, gambling spending among its customers has increased by about nine per cent compared to last year, while the number of related transactions has risen by seven per cent.
The warning comes as several major sports tournaments are scheduled over the coming months, including the Cheltenham Festival, ongoing matches in the Premier League and the UEFA Champions League, as well as the FIFA World Cup 2026 set to take place in June and July.
Kathryn Townsend, head of customer vulnerability at Nationwide Building Society, said the organisation is concerned that heightened excitement around major sporting events could encourage some people to gamble more than they can afford.
She noted that the bank has introduced a 72-hour cooling-off period for customers who activate a gambling block on their accounts, designed to provide an additional safeguard and help individuals maintain control over their spending.
Experts say gambling-related harm can often remain hidden and may lead to financial difficulties, mental health challenges and relationship problems if not addressed early.GamCare, a UK-based charity that supports people affected by gambling problems, said large sporting events can sometimes act as triggers for those struggling with gambling behaviour.
Raminta Diliso, senior partnerships manager at GamCare, said people experiencing difficulties are encouraged to take preventive measures such as activating banking gambling blocks or contacting support services like the organisation’s National Gambling Helpline.
Specialists also highlighted several potential warning signs of gambling-related problems, including social withdrawal, frequent checking of betting results on mobile devices and noticeable changes in mood or behaviour such as anxiety or irritability.
They emphasised that early recognition and access to support services can help reduce the risks associated with excessive gambling.
