GVC holdings has announced a cash out option for its Foxy Bingo brand, the first of its kind in online bingo.

In a "world’s first," the functionality will give players with one number to go (1TG) on their digital cards the choice to either cash out for a guaranteed pay-out or continue for the chance of a full house.

Cash Out Bingo will initially be exclusive to Foxy Bingo, before being rolled-out to GVC's other bingo brands next year; it will also be backed by a TV advertising campaign early next month.

Jonathan Bowden, Director of Foxy brands, said: "We are truly excited to be bringing this unique feature to Foxy Bingo, which we think our player’s will love.

“Thanks to GVC’s cutting-edge, proprietary technology platform, we have the ability to make such innovations and provide our players with features that are unique in the market."

Players with one number left will be given 20 seconds to make their choice after seeing the number of 1TG tickets, with the value determined by the overall prize of the game and how many players cash out.