UK Remote Gambling Remains Steady (£12.6 billion (€15.2 billion/$17 million) However, Land-Based Bet Shops Falls Short
A new report released by the UK Gambling Commission states that some sectors of the gambling community has seen stable results with some falling short. Bingo, remote betting and casinos have increased, at a steadily pace for the gross gambling sector, but land-based establishments are having some difficulties keeping up.
Total gross gambling revenues across the national market amounted to £12.6billion. These figures are from October 2014 through September 2015, and are up from £11.2billion. £3.6billion comes from remote gambling equaling out to be 29% of the total numbers. If you compare with the previous period and take in the new point of consumption tax laws it shows a steadily growth.
The amount of retail betting shops that opened across the UK feel short of around 1.9%. This number is compared to March of 2015 going from 8,975 to 8,809. James Green, UKGC Programme Director commented on the recent reports saying, “Today we are publishing clear authoritative data on the gambling industry in Great Britain. For the first time the figures include almost a full year’s worth of data relating to online gambling operators – the market share of the online betting, bingo and casino sector is 29% and we’ll be interested to see how this varies over time.”
He added that, “Offline we’re seeing changes; for instance, there’s been a reduction in the number of betting shops, arcades and bingo halls in the last two years. Market trends and consumer participation research are key to shaping the Commission’s regulatory policy to keep gambling in Britain safe for consumers, fair, and crime-free.”