Even though it will cost millions of pounds in annual revenue, pay-TV giant Sky will begin dramatically cutting the number of gambling advertisements it airs, amid rising concern over addiction and the prominence of betting in sport.
Sky will impose a limit of one gambling advertisement per commercial break on its channels from the start of the next Premier League season in August. Currently, up to four betting promotions are shown during each commercial break, with slots during live matches on Sky Sports in high demand to attract “in play” betting.
From The Telegraph:
Read more here: https://www.telegraph.co.uk/news/201...-campaign-pre/The restrictions will apply to all channels for which Sky sells advertising slots, including Channel 5, which is owned by the US media group Viacom. All forms of gambling, including bingo and online poker, will be covered by the new rules.
The move add to pressure on the gambling industry, which already faces a government clampdown on lucrative fixed-odds betting terminals. The sports minister Tracey Crouch resigned last week over a delay in plans to slash the maximum stake allowed by such machines from £50 to £2.
Self-imposed advertising restrictions are expected to cost Sky tens of millions of pounds in annual revenue. Gambling accounts for about £200m per year in television advertising sales, and Sky is thought to control nearly half of the market. The full financial impact is difficult to assess partly because advertising slots on Sky Sports are auctioned off, so prices may rise when supply is curtailed.
From 2020 Sky will also allow viewers to exclude gambling from commercial breaks entirely. Technology built into its set-top boxes and those of cable operator Virgin Media will insert alternative advertising in its place.