New research has shown that nearly half of all gamblers aged between 18 and 24 have risked more than they can afford to lose.

Of those who had gambled in the last 12 months, 42% said they had taken financial risks, while 36% said they had either borrowed money or sold possessions to fund their bet.

The findings show the impact is not just on financial health with 39% of young adult gamblers admitting to experiencing mental health problems, and a majority sharing they felt guilt over their behaviour.

Whilst the Gambling Commission reported in March a decline in the number of young adult gamblers (28.9% compared to 35.8% in 2019), the latest research shows that young people who continue to bet are more of a concern than those in the older age-brackets.

The policy charity CARE is calling for a change in the law to address problem gambling, including for younger years.

The charity is suggesting that a low maximum stake on online “slot machines”, which currently have no limit, must be introduced. As well as affordability checks for vulnerable gamblers.