The UK Gambling Commission has published its latest report on the local gambling industry revealing that online gross gambling yield (GGY) for Q1 24-25 came to £1.46 billion, up by 12% from the same period in the previous financial year.
UK Online Gross Gambling Yield up by 12% in Q1 24-25Key Highlights
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UK Online Gross Gambling Yield up by 12% in Q1 24-25 – £1.46 billion, up by 12% from Q1 in the previous year.
- Total bets and/or spins – 24.5 billion, up by 11% year-on-year.
- Average monthly active accounts increased 9%. UK Online Gross Gambling Yield up by 12% in Q1 24-25 – £625 million, up by 16% year-on-year. UK Online Gross Gambling Yield up by 12% in Q1 24-25
- Active sports betting accounts increased by 11%.
- Slots GGY – £642 million, up by 10% year-on-year.
- The number of spins – 22.4 billion, up by 12%. UK Online Gross Gambling Yield up by 12% in Q1 24-25
- Licensed betting operators (LBOs) GGY – £582 million, down by 1%.
- Bets and spins at LBOs – 3.2 billion, down 1%.
The average session remained at 17 minutes.
Around 6% of all online slots sessions lasted an hour or more.
Government Names New Gambling Minister
In related news, the new Labour government has appointed its ministerial team for the Department for Culture, Media and Sport, featuring Baroness Fiona Twycross as the new Minister for Gambling.
Twycross will be the UK’s first minister to oversee gambling matters exclusively, reporting to the Secretary of State for Culture, Media and Sport, Lisa Nandy.
Joining Twycross and Nandy on the DCMS ministerial team are Sir Chris Bryant, serving as Minister for Creative Industries, Arts, and Tourism, and Stephanie Peacock, appointed as Minister for Sport, Media, Civil Society, and Youth.
Olivia has worked as an editor and writer for major brands across multiple niches. She now focuses on the iGaming and sports betting industries.