UK Gambling Commission Release Latest Industry Figures
The UK is one of the most regulated gambling markets and it is always informative to see how this important market operates. The UK Gambling Commission has just released the latest figures for the period between April 2012 and March 2013. One of the more surprising findings was that the majority of non- remote companies still hold the lion’s share if the UK gambling market.
The British Gambling Industry is enjoying boom times as they generated almost £6.7 billion in the period between October 2012 and September 2013. This represents an increase if about £252 million form the previous period of April 2012 to March 2013. As we mentioned the non-remote form of gambling makes up 48 percent of the gross gambling yield (GGY) with £3.3 billion generated. Those supporting gambling often cite the employment the industry creates. Based on this latest report 104,127 people were employed across the industry which is a decrease of 3 percent form the previous reporting period.
Growth in GGY can be seen in the casino, betting, remote and lotteries sectors. The only sectors reporting a decrease in GGY were the bingo and arcade sectors. In terms of Licensed Betting Offices (LBO’s), they have declined by 45 from the previous reporting period. Despite remote operators still playing second fiddle to land operators, GGY from remote companies jumped by £127 million compared with the same period. GGY is now almost double the £632.2 million generated back in the period between April 2009 to March 2010.