GB regulator reports 22% surge in online gambling
Latest Gambling Commission figures reveal remote gambling industry GGY reached £1.1bn in 2014 financial year driven by sports betting growth
Gross gaming yield from operators licensed by Great Britain’s Gambling Commission surged 22% in the 2014 financial year, figures released today have revealed.
Data released by the regulator shows GGY topped £1.1bn in period spanning April 2013 to March 2014, up almost a quarter on the £932m recorded across the same period in 2012-13.
Sports betting continued to be the principle earner for GB licensees, equating to £981m of total GGY, equivalent to approximately 86% of the total figure.
The regulator recently estimated it had control over just 15% of the GB-facing market, with the majority of operators licensed by other regulatory bodies.
The Gambling Commission also provided a sport-by-sport breakdown which showed that horseracing turnover and GGY has remained largely flat between April 2009 and March 2014, while football, tennis and cricket betting reported strong growth.
Pools betting was a distant second place with GGY of £93m for the year, while exchange and casino betting both recorded total GGY of approximately £31m. In the casino vertical slots turnover surpassed table games for the first despite remaining largely flat year-on-year.
The UK’s online bingo sector almost doubled in GGY but was still a long distance behind other verticals with just £4.6m for the year.
The figures are the last set of annual accounts to be released prior to Great Britain’s new Point of Consumption licensing regime.