The Gambling Commission has revealed that the overall yield of the gambling industry for the period commencing April 2016 and ending March 2016 was £13.7 bn, an increase of 1.8% from the corresponding results of the previous year.
A report by the UK Gambling Commission shows that the UK gambling industry continues to grow modestly, with online in particular faring well. They accounted for 56 percent of the remote gambling market, earning £2.6 ($3.5) billion of GGY during the period of the report, with £1.7 ($2.29) billion coming from online casino slots gaming and £414 ($557) million being generated by table games. "We would urge all gambling businesses to be acutely aware that as their market grows so too will our focus on ensuring that consumers are protected". According to the data released by the Commission, the remote gambling sector's GGY in the United Kingdom posted a 10.1% increase compared to the prior 12-month period, reaching £4.7 billion.
In spite of the increase in the overall industry yield, the most recent set of results also outlined that there are now 8,502 betting shops in the United Kingdom, a fall of nearly 4% within the last six months and a number that represents a continual decline, with betting shop numbers being at the lowest they have been since the Commission began recording these results in 2009. The UK gambling regulator also revealed the Gross Gambling Yield for the online gambling sector in the period.
This figure has increased year-on-year by 1.8% when compared to the same period in 2015/16.
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There was also a decline in the number of bingo premises and licensed arcades in the UK.
The Commission said that the casinos in the United Kingdom were 146 in September 2017.
Contributions to good causes from the UK National Lottery slipped 16.9% year-on-year to £1.5bn, although contributions from large society lotteries jumped 20.5% to £255.6m. On the other hand, large society lotteries' donations made to United Kingdom good causes rose by 20.5%, reaching £255.6 million. After working there for a couple of years and writing on various topics, he found his interest for the gambling industry.
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