British Gambling At Records Levels, Report SaysOnline Gambling Driving Growth |
|
Gamblers in Britain spent a record £13.8 billion ($17.8 billion USD) in the 12-month period ending in September 2016, according to a report from the country’s Gambling Commission.
The commission said that nearly £4.5 billion ($5.8 billion) came from all forms of online gambling, an increase of about seven percent from the £4.2 billion ($5.4 billion) won from April 2015 to March 2016.
“Remote gambling (mostly online) is the largest sector and has been regulated by point of consumption in Great Britain since November 2014,” the executive summary said.
“This sector constitutes 32 percent of the overall market and £4.5bn [gross gambling yield]. Within the remote sector, casino games have generated the highest turnover and £2.4bn in GGY, predominantly through slots games (£1.6bn). GGY for remote betting, including betting exchanges and pool betting, totals £1.9bn and is dominated by football and horses.”
Brick-and-mortar casinos contributed nearly £1.2 billion ($1.5 billion) to the total, according to the report. That’s up 15 percent from the last report.
There are 147 casinos in the country.
The $17.8 billion figure for the overall U.K. gambling market includes revenue from the lottery. For comparison, U.S. casinos (commercial and tribal) win about $70 billion a year from gamblers, with lotteries in America adding another $70 billion to the overall gambling market.
It’s worth noting that the U.S. doesn’t have a nationwide sports betting framework yet and online casino gambling is legal in just three states.
Copyright © 2001-2024
CardPlayer.com. All rights reserved.
