UKGC Reports that the Online Gambling Vertical Is Growing in the UK

UKGC news

The UK has always been the country at the forefront of regulated gambling. However, for the first time ever, the land-based gambling is on the decline while the online gambling sector is growing. The UK Gambling Commission published its statistics for the period of October 2017 until September 2018, providing insight into the gambling services offered to UK players, which showed that the online gambling vertical is growing.

The Latest Statistics

This kind of statistics report is only being published twice a year, once in May and once in November. With it, the UK Gambling Commission informs those interested in the current gambling services offered to UK players and players’ engagement in them.

According to the report, the £14.5 billion Gross Gambling Yield of the gambling industry in the UK showed a decrease of 0.4% compared to previous reports, but the GGY for online gambling has shown an increase of 2.9%. The 39% market share in the remote gambling sector shows an increase as well.

There was a 1.4% decrease in the number of employees in the UK working for the gambling industry compared to last year, with 106,670 currently employed, and there was a decrease of 1.5% in the number of betting shops that operate in the UK, the current number being 8,423. And even though there was a 1.1% decrease in bingo premises that exist, 650 of them, there was 1 more casino that has opened in the period from October 2017 until September 2018. The number of casino establishments in the UK is 152 currently. Operators seem to have lost the interest in licensing arcades because there is a 5.3% decrease and only 1,639 licensed arcades remaining.

The contributions for good causes have increased by 0.3% from the National Lottery and 5.1% from the large society lotteries. There are £1.5 billion from the former, and £314 million from the latter.

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UKGC’s Comments on the Report

Ben Haden, the Programme Director for Industry Insight commented that even though there was a slight decrease in the wider gambling industry, the online gambling vertical showed steady growth. But, as he said, the UKGC’s role as a regulator was continuously raising the standards in the gambling industry. Adding that the UKGC has published its National Strategy to Reduce Gambling Harms, in addition to the Business Plan for 2019-2021, with the sole aim to provide players with better protection, Haden said that the regulator focused on improving the way of regulation and enhancing players’ protection from gambling-related harm.

The UK Gambling Commission, following the review of the online gambling sector in 2018, implemented new age and ID codes and rules, and in collaboration with other institutions, such as the financial ones, the regulator intends to strengthen the regulations and sanction those who breach the rules and recklessly harm the vulnerable ones by allowing them to gamble.

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