Connect with us

WINNING COMBINATION - SOFTSWISS develops innovative iGaming software products for online casino, sports betting, and beyond. Our products can be delivered as standalone solutions or combined into a single iGaming Platform.

The future of sports betting: BETBY sportsbook is focused on innovation through deep industry knowledge, state-of-the-art software & endless customization possibilities.

Latest News

UKGC Publishes Further Data on the Gambling Industry in Great Britain

Published

on

Reading Time: < 1 minute

 

The UK Gambling Commission (UKGC) has published further data on the gambling industry in Great Britain.

The data, sourced from operators, reflects the period between March 2020 and December 2023, inclusive, and covers online and in-person gambling covering Licensed Betting Operators (LBOs) found on Britain’s high streets.

The release compares Quarter 3 (Q3) of the financial year 2022 to 2023, with Q3 of 2023 to 2024, looking at how the market has changed in comparative periods over a year.

The latest operator data shows:

  • Online total Gross Gambling Yield (GGY) in Q3 (October to December) was £1.3 billion, an increase of 4% from Q3 the previous year. The overall number of total bets/spins increased 9% Year-on-Year (YoY), reaching a new peak of 24 billion, whilst the average monthly active accounts increased 2%.
  • Real event betting GGY increased by 5% year on year (YoY) to £468 million. Total bets and actives for the vertical both decreased by 3%.
  • Slots GGY increased 6% to £618 million YoY. The number of spins increased 11%, while the average monthly active accounts in Q3 increased 8% to 4 million per month.
  • The number of online slots sessions lasting longer than an hour increased by 3% YoY to 9.8 million. The average session length decreased from 19 minutes in Q3 2022-23, to 17 minutes for the quarter this year, with approximately 7% of all sessions lasting more than one hour.
  • LBO GGY increased by 0.5% to £563 million in Q3 2023 to 2024, compared to the same quarter last year, while the number of total bets and spins decreased 4% to 3.3 billion.

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

Trending (Top 7)

EuropeanGaming.eu is a premier online platform that serves as a leading information hub for the gaming and gambling industry. This industry-centric media outlet reaches over 200,000 readers monthly, providing them with compelling content, the latest news, and deep-dive insights.

Offering comprehensive coverage on all aspects of the gaming sector, EuropeanGaming.eu includes online and land-based gaming, betting, esports, regulatory and compliance updates, and technological advancements. Regular features encompass daily news articles, press releases, exclusive interviews, and insightful event reports.

The platform also hosts industry-relevant virtual meetups and conferences, and provides detailed reports, making it a one-stop resource for anyone seeking information about operators, suppliers, regulators, and professional services in the European gaming market. The portal's primary goal is to keep its extensive reader base updated on the latest happenings, trends, and developments within the gaming and gambling sector, with an emphasis on the European market while also covering pertinent global news. It's an indispensable resource for gaming professionals, operators, and enthusiasts alike.

Contact us: [email protected]

Editorial / PR Submissions: [email protected]

Copyright © 2015 - 2024 - European Gaming is part of HIPTHER. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.