Betting

Department for Digital, Culture, Media and Sport written question – answered at on 27 March 2020.

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Photo of Richard Holden Richard Holden Conservative, North West Durham

To ask the Secretary of State for Digital, Culture, Media and Sport, whether the Government plans to review the use of dormant betting accounts.

Photo of Nigel Huddleston Nigel Huddleston Assistant Whip, The Parliamentary Under-Secretary of State for Digital, Culture, Media and Sport

The dormant assets scheme enables money from dormant bank and building society accounts to be used for good causes. The government has recently launched a consultation on expanding the scheme to include a wider range of assets in the insurance and pensions, investment and wealth management, and securities sectors. Dormant betting accounts are not currently being considered as part of the expansion. The consultation invites comment on the government's proposals, including the range of assets proposed for inclusion. The consultation closes on 16 April and can be found at: https://www.gov.uk/government/consultations/consultation-on-expanding-the-dormant-assets-scheme

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