Online Gambling takes the biggest recorded slice of UK’s Market
The online gambling industry has taken the largest share of UK’s market till date as recorded from 2017 till 2018. The statistics come to the UK Gambling Commission which covered data recorded for a period of 12 months from April 2017 till March 2018. During this time the gambling market’s overall revenue hit £14.4 billion. This is a 4.2% rise from the period which spans April 2016 to March 2017.
Revenues from the online gambling accounted for a total of £5.3 billion which a 12.8% rise from last year. The total online shares of the gambling industry increased by 2.8 points to reach 37.1%. Online betting came second with a total market of 23% which was followed by the National Lottery coming at 21%. Casinos, bingos and large society lotteries came at 8%, 5% and 4% respectively while arcades were at last with 3%.
In March 2018, the UK Gambling Commission issued 888 licenses by the end of the month. This is a sharp increase from the 781 issued in the year 2017. Online gambling operators who had their offices and bases of operations in the UK had a total of 41% of the share of online activities which was followed by operators based in Malta and lastly by Gibraltar and the Isle of Man. Online casino games had the maximum contribution to gambling revenue with a total of £2.92 billion whereas online lottery ranked second with £2.07 billion.
Among the online casino revenue slot machines accounted for 69.1% which is a significant increase from last year’s 64.5%. The table games ranked second with a total contribution of 14.5%. Revenues from poker, unfortunately, fell down from 5.9% to 3.7% during this course of time even though the overall revenues from poker rose by £106.6 million. Almost half of the online betting scene has been owned by football with total revenue of about £1.04 billion. Horse racing came second with £610 million and a variety of other sports combined contributed £259 million. Tennis was at the bottom with £144.6 million.
By the end of March, there were about 33.6 million online active accounts while the figures last year around March were 29.7 million. The number of registrations of new accounts saw a tremendous rise from 4.5 million to 35.4 million. The funds held in these accounts, however, dropped from £875.5 to £784.8 million.