The United Kingdom Gambling Commission warned the online casinos and bookmakers to up their game regarding the consumer protection. This happened the online sector emerged that it became the largest element of the United Kingdom gambling environment.
The regulator released figures which show online gaming accounts for approximately 33% of all wagering in the UK, with statistics showing that between April last year and March this year, the online casinos and bookies generated a Gross Gambling Yield of nearly £4.5 billion. During that same period the National Lottery made approximately £3.4 billion, the high street betting sector nearly £3.3 billion, and finally only £1 billion by traditional casinos.
James Green, who is the Programme Director stated that their latest statistics show that with the growth in online wagering, the industry will be increasingly taking a more creative approach towards using technology to engage their customers. Moreover, as the sector continues to grow, casinos and bookmakers will have to demonstrate that they are taking an equal approach to ensure that gambling is safe for all of their online consumers.
The United Kingdom gambling industry generated a Gross Gambling Yield of approximately £13.6 billion between April last year and March this year.
In spite of the growth in many areas, there was a message of decline in the UKGC’s figures as well. There were nearly 8,709 betting shops in the UK as of this September, which represents an approximate 1.8% decrease from March last year and the total number of gambling machines in the country was down as well, albeit more slightly, at 0.4% to nearly 167,839.