The UK Gambling Commission has published its latest report on the local gambling industry revealing that online gross gambling yield (GGY) for Q2 23-24 came to £1.2 billion.
The report covers the period from July 2023 – September 2023 and includes a detailed breakdown of online and in-person gambling revenues, active customer accounts, and activity according to sector.
Key Highlights
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UK Slots Gross Gambling Yield up by 8% in Q2 23-24 – £1.2 billion, up by 0.6 percent from Q2 in the previous year.
- Total bets and/or spins up by 10% year-on-year.
- Average monthly active accounts increased 7%.
- Sports betting GGY – £428 million, down by 5% year-on-year.
- Sports bets decreased by 1%.
- Active sports betting accounts decreased by 0.2%.
- Slots GGY – £589 million, up by 8% year-on-year.
- The number of spins increased 11%.
- Average monthly active accounts up by 11% to 3.8 million.
Licensed betting operators (LBOs) reported a decrease in GGY to £539 million.
UK Slots Gross Gambling Yield up by 8% in Q2 23-24 the remote gaming sector (online gambling) which now accounts for roughly 40% of gambling revenues generated each year.UKGC New Commissioners
The Gambling Commission has also announced that the UK Secretary of State has appointed seven Commissioners to the Gambling Commission. The commissioners took up their roles the 11th of September 2023.
Charles Counsell, Helen Dodds,UK Slots Gross Gambling Yield up by 8% in Q2 23-24 and UK Slots Gross Gambling Yield up by 8% in Q2 23-24 have been appointed for terms of five years.
Lloydette Bai-Marrow, Helen Philips and David Rossington have been appointed for terms of four years.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.