Online shift the big change in gambling landscape but retail betting recovering | Horse Racing News

” title=”The Gambling Commission has released its latest set of industry statistics” class=”js-imageLoader” data-at-xn=” data-br-n=” data-br-m=” data-br- w= ” data-br-xw=” onclick=”return false;”>
The Gambling Commission has released its latest set of industry statistics

The Gambling Commission has released its latest set of industry statistics

The shift to online gambling continues apace according to the latest statistics released by the industry regulator.

However, the Gambling Commission said retail betting is showing signs of recovery following the Covid-19 pandemic despite a nearly 20 per cent drop in the number of betting shops in Britain over the last two years.

Gross Gambling Yield (GGY), the amount retained by operators after winnings have been paid out, was £14.1bn between April 2021 and March this year, an increase of 10.9% over the previous 12 months. , but 0.8% less than before the pandemic. levels The figure was £9.9bn after excluding lotteries.

Total GGY for the online gambling, bingo and casinos sector was £6.4bn, of which £2.4bn was from gambling, led by football (£1.1bn) and racing of horses (768.5 million pounds sterling).

Headline-level gambling participation had held steady at around 32 percent of the adult population between 2017 and 2019, but has now fallen to 28 percent, the commission said.

Data from the Gambling Commission’s quarterly telephone survey in September this year demonstrated a shift away from traditional gambling, with the proportion of adults gambling online equaling the proportion of people gambling in person at 18 percent. .

Five years ago, face-to-face rates were roughly double the online participation rates.

The commission said: “The movement of consumers online has been a gradual and steady trend that has continued throughout the pandemic, but spending appears to have increased more rapidly than consumer growth.

“The biggest change in the gaming landscape is a shift to online gaming, which reflects our lifestyle in general.”

Non-remote betting was GGY’s third-biggest sector at £2.1bn, a decline of 11.9 per cent in the latest pre-lockdown period.

The number of betting venues fell for the eighth consecutive reporting period to 6,219 at the end of March, down 3.8 percent from a year earlier and down 19.1 percent from the pre-lockdown period.

However, the commission said that while the popularity of in-person gambling has declined over time, it “remains an important part of the sector and shows signs of recovery after the pandemic.”

The regulator added that in-person gambling participation had increased in September 2022 compared to September 2021, “particularly among men and young adults up to the age of 24.”

Read this below:

Survey: Two-thirds of gamblers express black market fears over spending limits

the front runner is our latest electronic newsletter available exclusively for Member’s Club Ultimate Subscribers. Chris Cook, four-time winner of the Racing Reporter of the Year award, provides his take on the day’s biggest stories and tips for the upcoming races every Monday through Friday morning. Not a Members’ Club Ultimate subscriber? Click here to join today and also receive our Ultimate Daily emails plus our full range of great website and newspaper content

FIRST POST 6:00 pm, NOVEMBER 25, 2022

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like