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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.

The United Kingdom of Great Britain and Northern Ireland sits to the north-west of mainland Europe. The United Kingdom shares a border with The Republic of Ireland and has coasts on the Atlantic Ocean, Celtic Sea, North Sea, Irish Sea and English Channel. The population of the UK is approaching the 67.6 million mark leading to a fairly densely populated land mass. The gambling sector in the United Kingdom is entirely regulated and licensed by the UKGC – the United Kingdom Gambling Commission. Should players resident In the UK wish to gamble with foreign based operators there is no history of this being treated as a criminal offence, but high levels of protection exist for UK residents playing with UK licensed operators.

Disclaimer:

The above information is what we believe to be the the legal status of online gambling, however information on this topic is limited and hard to find. We accept no liability for any errors or ommissions. It is the reader’s responsibility to ensure that they know the legality of online gambling in their country before engaging with any online gambling service.