Brits are famous for their love of card games, ranging from the nation’s favourite, bridge, to blackjack, and 007’s game of choice, baccarat.
They are also known for having an affinity for gambling, be it placing bets on horse racing or stacking their chips on the roulette table. It’s no wonder that, according to official statistics from the UK Gambling Commission, the casino and gambling industry is thriving.
Gambling Grossed almost £14 Billion
The statistics include various sectors of the gambling economy, including casinos offering online services to gamers. The online casino industry is thriving, as players are often drawn in by incentives such as free spins and no deposit bonuses, which as news about Casino Room reveals are a common practice across online casinos worldwide. According to the latest statistics by the Gambling Commission, the gambling industry saw a GGY (Gross Gambling Yield) of £13.9 billion between October 2016 and September 2017, which represents a 0.7% increase from the previous report.
Gambling Contributes to Economy and Charity
The industry is also making a significant financial contribution to the country’s economy. As of September 2017, there were over 100,000 jobs that were created within the gambling industry, while in March 2018 the Gambling Commission identified 152 casinos across Great Britain and more than 8,500 betting shops.
Overall, there are 183,928 gaming machines and 33,648 B2 machines across the country, yielding in £2.8 billion and £1.8 billion respectively. Charity is also benefiting from this boost: the National Lottery, which represents one of the biggest sectors in the market, contributed £1.5 billion to good causes from October 2016 to September 2017, while large society lotteries raised another £251 million during the same period.
Online Casinos Are Booming
A great amount of that success can be traced back to the popularity of online casinos, betting, and bingo. Together they represent the remote gambling sector and make up 35% of the market – a 1% increase from the year ending in March 2017.
Online casinos, in particular, are very popular with punters, especially since they have managed to incorporate land-based casino elements in games like roulette, blackjack, and baccarat, by allowing gamblers to watch the dealer live via live streaming. The total GGY for the remote gambling sector amounted to £4.9 billion for the period between October 2016 and September 2017.
The next industry statistics to verify whether this positive trend will continue will be published by the Gambling Commission in November 2018.