Reports UK - ONLINE UPDATE
It called for several changes to the gambling sector including an overhaul of the UK gambling regulation, a ban on all gambling advertising, a ban on all VIP schemes, a review of stakes (including a £2 maximum stake limit for online slots), deposit and prize limits online, and affordability limits set and imposed by the commission.
GROWTH OF GAMBLING
Over the last decade the growth of online betting and gambling in the UK has been steadily increasing. Like a playground seesaw, as the lure of land-based casinos has declined in popularity, the GGY of the remote sector has been increasing.
Between April 2018 and March 2020, the online casino sector grew by around four per cent and remote betting grew by around 15 per cent. Between March 2020 and March 2021, the online betting sector grew by 13.6 per cent whilst the online casino sector increased by 26
Between April 2018 and March 2020, the online casino sector grew by around four per cent and remote betting grew by around 15 per cent. Between March 2020 and March 2021, the online betting sector grew by 13.6 per cent whilst the online casino sector increased by 26 per cent and online bingo grew by just over 7.5 per cent.
per cent and online bingo grew by just over 7.5 per cent.
Te UK gambling industry is on average worth around £14bn a year (in terms of Gross Gambling Yield) with almost 40 per cent related to remote gambling.
In 2020, the GGY dropped to around €6bn in total which was made up almost entirely from the remote gambling sector due to Covid restrictions replaced on land-based gambling venues. Te online sector, however, saw an increase during this period and the turnover for the online gambling sector topped more than £141bn last year (April 2020 to March 2021) with a GGY of €6.9bn divided between online casinos with £4bn; online betting with £2.6bn and remote bingo with £189.1m.
Online casinos represent 22.5 per cent of the total gambling industry alongside online betting (16.5 per cent).
Tere are some 25 million adult gamblers which fuel the UK gambling industry of which 10.5 million bet online. It is said that more than 45 per cent of Brits gamble each month.
Te UK market is home to almost 2,440 licensed gambling operators of which 600 offer online services. Meanwhile, the land-based sector has
P136 WIRE / PULSE / INSIGHT / REPORTS
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