Online Gambling Accounts for 33% Of all Gambling In the UK
The UKGC has just released numbers from the 12 month period between April 2015 and March 2016. The most interesting numbers were those of online gambling revenues which now account for 33% of all gambling in the UK. For the period between April 2015 and March 2016 online gambling operators generated a Gross Gambling Yield of £4.5 billion.
The size of online gambling in the UK means that it is now the largest sector even surpassing the National Lottery who generated £3.4 billion for the same period and the £3.3 billion by the high street. The traditional casino sector generated around £1 billion.
The £4.5 billion generated by online gambling is broken down into £2.6 billion from casino games, £1.6 billion from betting, £152million from betting exchanges, £153million from bingo and £26 million from pool betting. Online slot machine style games alone generated £1.8billion.
Programme Director of the UKGC, James Green commented on the latest figures,” Our latest statistics show that with the growth in online gambling the industry is increasingly taking a creative approach to using technology to engage consumers. As the online sector grows operators will also need to demonstrate that they are taking an equally innovative approach to ensuring gambling is safe for all online consumers.”
While last year alone over £437 million went to the Treasury’s coffers, critics are voicing concerns at the growing numbers if people with severe gambling problems which has doubled in the last three years to reach 336,000. Added to this are the critics of the FOBTs knows as the crack cocaine of gambling that made up £1.75 billion of total revenues generated.