UK’s Online Gambling Revenue Declines
by Glenn Baird - November 29, 2019
For the first time ever the UK’s online gambling market has suffered a reduction in revenue from the previous year.
Figures released yesterday by the UK Gambling Commission show that in the 12 months before March 31 2019 there had been a reduction of 0.3% compared to figures from the previous 12 months.
This is the first time since the market has been established that figures have shown a decline in the size of the profit being generated from online gambling in the UK.
Despite this, online gambling is still the largest gambling market in the UK, making up 37.1% of the sector. The largest decline within the online market came from sports betting, which is likely to be down to the spike in sports betting that took place in 2018 during the FIFA World Cup in Russia, combined with a 15% reduction in the amount being spent on horse racing.
On the other hand, online casino betting was actually on the rise with a 6% increase, along with a 7.4% increase in Bingo GGY.
There was an increase in the number of new accounts being opened but a decrease in the number of active accounts.
For the first time in a decade the GGY of betting machines in bookmakers was down, with the numbers showing that whilst the profit on B3 machines was down, it was up on B2 machines, which were already set at a maximum £2 bet limit.
There was a rise in Lottery sales and fall in the GGY for land-based casinos.