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Former BBC boss Michael Grade will lead a probe into the £1bn taxpayer cost of problem gambling

Former BBC boss Michael Grade will lead a probe into the effects of problem gambling on society and the £1bn cost to the taxpayer because of the strain it puts on healthcare, housing and the police * Lord Grade is leading an investigation into the £1bn cost of problem gambling * House of Lords will look at the 'gamblification' of sports and cost on taxpayer * Follows a report which found problem gambling was a huge cost to government  By Daniel Martin for the Daily MailPublished: 02:09 BST, 14 June 2019 | Updated: 07:12 BST, 14 June 2019 A former BBC executive is to lead a major parliamentary inquiry into the damaging effects of gambling on society.Michael Grade, who sits in the Lords, will investigate the £1 billion cost of problem gambling to taxpayers.The House of Lords probe will look in particular at the effect of online gambling on society and the 'gamblification' of sport. It will also consider whether participation in lotteries can push people towards gambling problems.The panel into the 'social and economic impact of gambling' will be chaired by Lord Grade, chairman of the BBC between 2004 and 2006 and now a Tory peer. It follows a report by the Institute of Public Policy Research think-tank, which found the cost of problem gambling to the Government could be as much as £1.2 billion a year.The report said problem gambling may impose health costs through pressure on mental health services, welfare and employment costs through Jobseeker's Allowance, housing costs and criminal justice costs. It said the impact on families can be devastating.Campaigners, including the Daily Mail, are demanding the betting industry pays for the problems it causes through a new gambling levy. There are also calls for restrictions on gambling advertising during sports matches.The panel will look at the state of the industry and the lack of accurate estimates about the extent of the problem.It will consider the developments in gambling habits ...Read more

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