In addition to being in charge of licensing and regulation, the UKGC regularly publishes statistics and other data which show how the gambling industry has fared in the previous period. UKGC publishes industry statistics twice a year, in May and in November, but these data can be updated additionally, after the initial release.
The latest data published by the UKGC, show that the financial year that started in April 2017 and ended in March 2018 has been a pretty successful year for the gambling industry, especially if we take into consideration only the online branch. The figures published by the Commission are based on the data that’s provided by license holders, as they have to submit data in their regulatory returns.
Let’s have a look at the figures for the previous year and how well the industry has progressed.
Online GGY Growth
The gross gambling yield is a very important figure when we’re discussing the growth of the gambling industry. This figure is the difference between the amounts that have been wagered and the total payouts that casinos have made to their players, in other words, this is what’s left once the winnings have been accounted for. So, it’s everything casinos and other gambling facilities have earned before they’ve paid taxes, salaries and all other expenses.
The total gross gambling yield for the 12-month period is £14.4 billion, which is a 4.5% increase compared to the period from April 2016 to March 2017. That’s a rather significant growth, but it is even more impressive if we have a look at the figures for the remote gambling industry.
The total GGY for the remote sector amounted to almost £5.5 billion and that’s an amazing 13.7% increase compared to the previous financial year. The figure is even more impressive if we look only at remote casino (slots) GGY. The figure was £2 billion and that’s an increase of almost 20%, or to be more precise 19.3%. That only goes to show that the future of the industry is online and while land-based gambling either decreases or remains flat, online slots gambling is continuously growing.
The market share of the total remote sector was 37.30%, which is a 3% increase compared to the April 2016 – March 2017 period.
Lotteries And Good Causes
UK Lotteries have donated more funds to good causes in the past year, including both the National Lottery and the large society lotteries. The National Lottery has donated a total of £1.5 billion, which is 1.5% more than the previous year. That may seem like a low percentage figure, but considering how high that total amount is, that is not an insignificant sum.
Large Society Lotteries have donated almost £300 million which is more than 15.5% increase compared to the amount donated in the previous financial year.
While the remote sector has been growing, the land-based industry is in decline. The total number of betting shops in Great Britain now is 8,406, as over 150 betting shops have closed compared to the previous 12-month period. The number of bingo premises has fallen by 1.7% and there were 644 bingo halls, meaning that about 10 bingo halls have closed. However, the total number of land-based casino has grown, albeit by one.