UK online gaming market continues to grow

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The Fox
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UK online gaming market continues to grow

Postby The Fox » Thu May 25, 2017 2:24 pm

UK online gaming market continues to grow

25 May 2017
The UK Gambling Commission (UKGC) has released its statistics for the UK gambling market between October 2015 and September 2016, with the remote sector making up 32% of the overall market and £4.5bn (€5.2bn/$5.8bn) total gross gambling yield (GGY).

The remote sector reached £4.5bn GGY, from £4.2bn GGY for the previous year and casino games generated the highest turnover at £2.4bn GGY, primarily through slots games, which accounted for over half that total at £1.6bn.

The UKGC said that for the gambling industry as a whole in the UK, GGY stood at £13.8bn, an increase of 2.9% compared with the previous year.

The only areas which did not see growth were bingo and the National Lottery.

In land-based gaming, the overall number of gaming machines across the industry decreased slightly to 176,410, but with a continued increase in machine GGY in all sectors, except bingo.

Fixed odds betting terminals generated the highest machines GGY at £1.8bn, which represented a rise of £57m on the Commission's previous industry figures report in November.

Meanwhile in its “Betting, Gaming and Lottery Duties" bulletin, HMRC reported that remote gaming duty (RGD) receipts had grown 6.2% to £357m in the year ending March 2017.

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