UK Online Gambling Revenues Continue To Grow
The UK Gambling Commission has just released the figures for the UK gambling market for the period between October 2015 and September 2016. Overall gambling revenues were up 3% to £13.82 billion.
Online gambling revenues took first place and generated £4.46 billion compared to the £4.23 billion for the months between April 2015 to March 2016 which were £1.7 billion.
Contributing to remote betting revenues was Euro 2016 which helped remote betting rise by 10% to £1.7b. Online casino revenue rose 3% to reach £2.4 billion. Here online bingo performed not so well with a decline to £149m.
The amount of customer accounts increased from 23.7m in the previous period to 28.4 million with active accounts increasing from 20m to 21.4m.
Overall number of gaming machines decreased slightly to 176,420 but reported a continued increase in machine GGY in all sectors.
The infamous FOBTs generated the highest machine revenues at £1.8b which despite all the bad publicity they have attracted represents an increase of £57m on the Commission previous industry figures that were published in November. Land based casinos reported a 19% revenue increase to reach £1.19b.