losses will exceed £10bn for 2008

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British punters lose £9.5bn a year across all gambling- a 36% rise on £7bn lost in 1999, the year online gambling emerged. Excluding the lottery - the "softest" form of gambling - the annual loss from hard gambling widened by 56% in eight years to £7bn.

An adviser to both the culture department and to Revenue & Customs, Professor Vaughan Williams, said deregulation and online innovation will fuel the boom next year. He conservatively predicts the losses will exceed £10bn for 2008.

Some say he’s half man half fish, others say he’s more of a seventy/thirty split. Either way he’s a fishy bastard.

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