Reports UK - ONLINE UPDATE
Online sports betting is the second largest category in the remote sector and has been growing significantly at rate of 15 per cent over the last two years. Football dominates almost half of all revenues in the betting sector online followed by horse racing. A newcomer to the market is virtual sports and events which has been gaining popularity with a big increase in revenues.
just over 9,000 premises last year made up of 1,390 Adult Gaming Centres (AGC), 6,735 betting locations, 179 FECs, 601 bingo venues and 131 casinos.
Of course, the Covid pandemic has had a huge effect on gambling data worldwide in terms of a drop in revenue for land-based gambling and a rise generally in online. Tis in turn also created a new dynamic in the online gambling debate in the UK.
A stay-at-home Covid rule coupled with the closure of all non-essential shops and businesses began in the UK on March 23 2020, which included pubs, betting shops, bingo halls, arcades, casinos and live racing venues. Betting shops were shut until June 2020 when dog and horse racing resumed and later football, bingo and arcades opened in early July whilst casinos remained closed until mid August.
A second lockdown followed in November 2020 for a month followed by a third in early January which saw the land-based gaming sector again closed down until early May.
It was reported that due to the cancellation of sporting events many gamblers transitioned to online casino and slot games and were gambling for longer periods of time.
P138 WIRE / PULSE / INSIGHT / REPORTS CURRENT LEGISLATION
Te UK gambling legislation is governed by the Gambling Act 2005, which came fully into force in 2007, and was later amended via the Gambling (Licensing and Advertising) Act of 2014 to cover all online gambling providers. Tis introduced updates to the 2005 Act which basically required all offshore remote operators to hold a UK operating licence to provide or advertise gambling to customers in the country.
Previously operators in the EEA, Gibraltar and ‘white listed’ jurisdictions did not have to obtain a licence. Tese offshore operators were required to pay a gambling duty on UK revenue regardless of where the business is domiciled.
Te 2005 Act also created the Gambling Commission, which is an executive non- departmental public body under the Department for Digital, Culture, Media and Sports. Te commission regulates gambling across land-based venues such as arcades, betting, bingo and casinos plus gaming machine providers and software providers, lotteries and remote gambling.
Gambling websites which trade or advertise to customers in Great Britain must have a Gambling Commission licence. Tere are various remote operating licences including Remote
Casino licence; Remote General Betting Standard Virtual Events licence; Remote Bingo, Remote General Betting Standard Real Events licence and Remote Pool Betting.
Licences are bound by the Licence Conditions and Codes of Practice (LCCP), an extensive document which outlines all the requirements an operator must fulfil ranging from operating conditions and practice provisions.
Remote gambling includes all forms using remote communication whether it is internet, telephone or television for example. Licensing fees for remote gambling were increased in October last year by 55 per cent. Non-remote licensing fees are due to be increased in April this year. Online gambling pays a remote gaming duty of 21 per cent of the GGR.
Licensing fees vary according to type of licence and annual GGY. It can range from a remote licence casino, betting virtual events and bingo licence with a low GGY of less than €550,000 which would pay an application fee of €4,224
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