Gambling online reigns as the leading form of gambling in the UK
According to new stats from the UK Gambling Commission (UKGC), online gambling is currently the most dominant form of gambling in the United Kingdom. The news came as the UKGC published its latest gambling market report, which stems from April 2015 to March 216. This is the first report to cover a year’s worth of information.
In the past, the UK only required UK online operators to hold a UKGC license starting in November 2014. Between April 2015 till March 2016, online gambling operators accumulated a revenue of £4.5 billion. This includes one-third of the gambling market, including the National Lottery sums which were a staggering £3.4 billion, brick and mortar casinos which accumulated £1 billion, with high street bookmakers making £3.3 billion.
As the top online gambling portal, casinos have generated £2.6 billion, which includes £1.75 billion from slots. Other forms of gambling which accumulated massive amounts include: poker generated under £99 million, exchange betting made £152 million, remote sports betting £1.8 billion, pool betting £26 million and bingo made £152.6 million.
Other forms of betting also accumulated the following: horse racing made 22% profit while football made 37% of online betting. Golf, cricket, dog racing and various financial rounded off the various online betting markets according to market performance. Online gambling software providers also managed to make a profit of £364.5 million from UK-licensees with revenues sitting at 55.3%.