British Gambling Industry Generates £7.1bn Revenues
Last week, the UK Gambling Commission (UKGC) revealed financial figures for the 12 months ending September 2014 which showed the UK gambling industry is worth £7.1 billion, not including the National Lottery.
The massive figure is an increase of £327 million (up 5%) when compared to April 2013 to March 2014.
Land-based betting continues to be the most popular way for Brits to place wagers and accounted for 47% of the £7.1bn Gross Gambling Yield (GGY)*. The next largest betting medium was online sports betting (19%), followed by online casinos (16%), bingo (9%), arcades (5%) and social lotteries (5%). Of those six categories only bingo and arcade revenue saw a decrease.
*Gross Gambling Yield is the amount retained by operators after the payment of winnings but before the deduction of the costs of operation.
The UK now has 8,958 betting shops employing a total of 50,359 people, with William Hill owning the most with 2,309 shops, closely followed by Ladbrokes on 2,205 then Gala Coral (1,838), Betfred (1,381) and other operators making up the rest (1,225).
Of course,Ladbrokes and Gala Coral are in provisional talks about merging. Should the merger be complete, the new company would account for 4,043 of the UK’s betting shops (45.1%).
Of all the online gambling markets it is sports betting that generated the most revenue with £1.19bn worth, with 56% of this figure stemming from punters betting on the outcome of football matches. Total remote GGY weighed in at £1.371bn which would have generated income of £205.7m million had the 15% Point of Consumption Tax being in force.
In bricks-and-mortar casinos American Roulette saw casinos win £366.46 million, with Punto Banco (£220.58 million) and Blackjack (£203.15) being the most profitable games for the venues.
You can download the full figures, which date back to 2008/09, via the UK Gambling Commission website.