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UK Gambling Statistics - What the Numbers Say

Personal_Finance / Gambling Apr 24, 2018 - 03:29 PM GMT

By: Varun_Kumar

Personal_Finance

It might simply amaze you to learn about the number of gambling enthusiasts in the UK. With the emerging number of online gambling portals in the recent past, there have been several quantitative as well as qualitative surveys undertaken to study the different facets of gambling.


Who are the gamblers?

To understand and derive the number of punters who engage in gambling activities, it’s essential to start with figuring out who are the people who gamble the most in the UK. According to the UK Gambling Commission’s (UKGC) data collected in 2016, 48% of UK citizens participate in gambling activities, including those who buy the National Lottery tickets as well.

  1. Men or Women? Though both the genders gamble, men lead with 52.6%, while only 44.3% women engage in similar gambling activities. Excluding the lottery data, it was reported that 36.5% of men and 30.1% of women agreed that they gamble.
  2. Age: As reported by the Gambling Commission, it was indicated that 49.2% of people between 35 years and 44 years are the ones most likely to indulge in various kinds of gambling games.

Data citing trends from online and traditional casinos

Referring to casino gambling, UKGC’s study says that 21.3% men and 13.5% women engage in gambling online. These statistics may appear low as compared to the overall gambling scenario. Excluding the National Lottery products, only around 12.8% of respondents gamble online. With respect to the official statistics of 2016, it was found that several betting destinations that operate in the UK yielded more than 4.7 billion as Gross Gambling Yield (GGY). The GGY indicates the amount of cash money retained by the casino operators after payouts.

Casino games account for the highest revenue producer in the online gambling segment. They account for almost 55.5% of the total online GGY reported for the year 2016 at £2.62 billion. Other gambling resources like betting exchange and pool betting reported a combined Gross Gambling Yield of £365.6 million.

Among the online casino games that churn the maximum revenue for the operators, slot games top the charts with £1.69 billion which makes for a little less than 65% of the total GGY generated by online casinos.

On the contrary, land betting establishments reported lower GGY with £3.35 billion as the highest of all. The bingo venues managed under £687 million of GGY and the brick and mortar establishments made £1.16 billion.

Threats, challenges and constructive highlights

With the big money involved in the gambling industry, it is a luring business that often witnesses minors getting drawn into such nets. In fact, the survey revealed that a total of 55,646 people could not prove their age and eligibility after they gambled. Moreover, this figure was nearly 300% higher than the previous two years.

On a positive note, the gambling industry has benefited by providing employment to many in the country. 106236 employees are said to be working in the UK gambling industry, of which only 7.4% work as remote operators. The online gambling sectors like online casinos and top bingo sites have reportedly grown by 11%, while the National Lottery saw a decline in its Gross Gambling Yield by 13% amassing a total of £2.98 billion in 2016-17. Overall, GGY in the UK has merely increased with the total money retained by casino operators amounting to £13.76 billion.

By Varun Kumar

© 2018 Copyright Varun Kumar- All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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