UK Gambling Market 2017 is Worth £13.7b as Online Grows 10%

December 12th, 2017

SHARE

UK Gambling Market 2017 is Worth £13.7b as Online Grows 10%

The UK Gambling Commission’s twice-yearly reports are always keenly anticipated by key figures in the industry. And, in all honesty, who could possibly blame these leading figures after the latest statistics released on November 30, 2017 revealed that the sector recorded another excellent year of growth.

Revenue amassed by the market totalled £13.7bn in the period from April 2016 to March 2017, which is an increase year-on-year of 1.8%. Despite some predictions of doom and gloom amid a landscape of ever-tightening regulations, the outlook is positive for an industry rarely out of the news in the past six months or so.

There are some negatives, however. The number of people employed by the UK gambling industry has decreased by 1% from March 2016 to just over 100,000, with the number of betting shops on the high street dropping by 3.9% from March 2017. The UK Gambling Commission’s executive director, Tim Miller, commented:

"These latest figures show that the gambling market is continuing to grow, particularly in the online sector. However, with such growth comes a great responsibility for operators to prevent gambling-related harm to all consumers and the public. 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."

Online Leads the Way in Gambling Revolution

Of all the figures released by the UKGC as part of its annual findings, it is perhaps the continued rise of online betting that really catches the eye. Compared to a year earlier, the April 2016 to March 2017 figures show a hefty 10.1% increase in revenue accumulated by online gambling sites; an actual monetary rise to £4.7bn.

Online is now gambling’s leading marketplace, with 34% of all bets placed via desktop and mobile devices. The report breaks the gambling industry into seven distinct sectors: online, ‘betting’ (in shops and at racecourses/dog tracks), lottery, casino, bingo, arcade and large society lotteries.

Other than online, only betting in physical premises and in casinos showed minimal growth, with a downturn in lottery and bingo. With the number of online operators offering bingo games on the rise, it is no surprise to note that the number of high street bingo premises in the UK has dwindled to just 583 (down by 1.4%).

This is matched by a decrease in the number of licensed arcade premises, down by 5.1% from March 2017 to 1,750. And it’s clear that a rise in the cost of tickets has negatively impacted upon the National Lottery, once a massive draw for UK players but now faces a reduced pool thanks to changes in betting policies.

Contributions to good causes dropped by 16.9%, which comes as a consequence of both ticket sales falling and the rise of third-party lottery operators, who offer punters a typically cheaper alternative to purchasing tickets in the traditional manner. The outlook for these cornerstones of betting in the UK may be concerning, but few can be surprised that the online revolution continues to gather pace.

The Future’s Bright for Industry Innovators

The figures speak volumes: the UK gambling industry will continue to head in an online-focused direction in the next couple of years. That brings with it opportunities and threats. It is intriguing to see that the Point of Consumption (POC) Tax, introduced in 2014, seems to have had minimal impact upon betting sites.

This regulation imposed a 15% tax on revenues generated by casinos based overseas but earning their revenue in the UK – there are countless examples of bookmakers and online casinos who are headquartered in Gibraltar and similar tax havens. But with the demand for their online products and services increasing, there’s been very little impact on the digital activities of many of the industry’s key players.

The physical and online marketplaces are converging, and that is perhaps reflected in the figures released by the UK Gambling Commission. Most bookmaking firms are looking to aid the transition of their customers into the digital sphere, and that is why the likes of Coral and Paddy Power/Betfair have released their Connect cards, which allow punters on the high street to deposit and withdraw funds.

That’s a trend we can expect to continue in increasingly ingenious ways. Social media is the next frontier for online gambling, particularly with sports betting sites. The popular #RequestABet style hashtags on Twitter will continue to gain traction as these can be added easily straight to the betslip – breaking down the barriers of bet placement for this ‘everything now’ generation.

Casino News Articles


Gaming Realms And 888 Sign Slingo Game Distribution Deal
Gaming Realms And 888 Sign Slingo Game Distribution Deal

888 Holdings PLC has entered into a revenue share and licensing agreement with Gaming Realms PLC for the distribution of new ‘Slingo Originals’ content. Under the three year deal, 888 will host brand ... Read More

Mr Green Celebrates 10 Years of Active Players in 2018
Mr Green Celebrates 10 Years of Active Players in 2018

Mr Green is celebrating the 10 year anniversary of his inception by providing players with a unique opportunity - to go on adventures around the world every week for a whole year. So, put on your expl ... Read More

LeoVegas’ LeoVentures Acquires Casino Streaming Operator
LeoVegas’ LeoVentures Acquires Casino Streaming Operator

The team behind LeoVegas has set its sights on world domination with this notable acquisition to start off 2018. LeoVentures, the firm's new investment vehicle, has bought a majority stake in GameGrou ... Read More

NetEnt Adds Free Round Widget to Growing Engage Portfolio
NetEnt Adds Free Round Widget to Growing Engage Portfolio

NetEnt has built a reputation for high-quality, engaging online slot and casino games, and its most recent development is aimed at improving the performance of casinos. It's called the Free Round Widg ... Read More

Chief Executive of UK Gambling Commission Set to Step Down
Chief Executive of UK Gambling Commission Set to Step Down

The UK Gambling Commission (UKGC) is looking for a new Chief Executive, as it was unexpectedly announced that Sarah Harrison, who took over the position in 2015, will leave at the end of February 2018 ... Read More

GambleAware Now Guaranteed Funding from UK Casino Operators
GambleAware Now Guaranteed Funding from UK Casino Operators

Greater transparency in the sector is seeing operators in the industry take the issue of problem gambling more seriously than ever before. GambleAware announced that it has secured a landmark agreemen ... Read More

Casino Navigation

Newsletter

Sign up for the free Gambling.com Newsletter to stay on top of all the best bonuses!
We will never share or misuse your personal information. Privacy Policy

Latest Casino News

CasinoGuides

Country Guide

DISCLAIMER: Online Wagering is illegal in some Jurisdictions. It is your responsibility to check your local regulations before playing online. GDC Trading Ltd takes no responsibility for your actions.
© 2011-2018 GDC Trading Limited. All Rights Reserved. Gambling.com is a registered trademark of GDC Trading Limited.
Terms and Conditions   |   Privacy Policy

Asset 4AndroidGET IT ONfacebookDownload_on_the_App_Store_Badge_US-UK_RGB_blk_4SVG_092917twitter