UK Gambling Industry Latest Data Shows 12.5 Percent Increase In Gambling Yield
The UKGC (United Kingdom Gambling Commission) has just released data for the period between October 2014 and September 2015. According to data provided the total gross gambling yield for the period was £12.6 billion which is an increase of 12.5% from the £11.2 billion for the period between April 2014 and March 2015.
Regulated online betting made up £3.6 billion on the entire gambling market which includes online bingo and casinos. The growth rate in the online industry is stagnant due to factors like the point of consumption tax. The National Lottery saw figures increase by 2.1% from £1.67 billion during the period of April 2014- March 2015.
The highly controversial fixed odds betting terminals or FOBTs made up £1.71 billion which is a record high. According to the UKGC there are still over 34,700 FOBTs around the country despite over 200 high-street bookmakers having closed down.
Programme Director James Green said in a recent statement on the data,” “For the first time the figures include almost a full year’s worth of data relating to online gambling operators – the market share of the online betting, bingo and casino sector is 29% and we’ll be interested to see how this varies over time. Offline we’re seeing changes. For instance, there’s been a reduction in the number of betting shops, arcades and bingo halls in the last two years.”