UK Online Segment Now Biggest Part of Gambling Industry

The UK Gambling Commission’s (UKGC) recently released its annual revenue report, with the big news being that the country’s internet betting segment now represents the largest part of its gambling industry. This is a huge turnaround since the early days when the segment occupied a secondary role to live betting, instead of nowadays forming the foundations of many betting companies.
According to the report, online gambling accounted for 33% of all gambling revenues that were generated during the 12 months between April 2015 and March 2016, or equivalent to £4.5 billion ($5.5bn) in Gross Gambling Yield (GGY). That now places the sector ahead of other giants of the industry, including the National Lottery (£3.4bn), high street betting shops (£3.3bn), and land-based casinos (£1bn).
Furthermore, around 58% of all online gambling revenues were derived from online casino games, such as slots (£1.75 bn), roulette and blackjack. In the meantime, sports betting contributed £1.8b of the overall figure, followed by online poker (£99m), bingo (£152.6m), exchange betting (£152m), and pool betting (£26m).
Online poker revenues were helped along by the UK having one of the most progressive and open online gambling industries in the world. By comparison, in France which still has a ring-fenced online poker market, the country generated paltry revenues of $12.5 million for the whole of 2015. This is despite both European countries having roughly equal populations, with the financial results clearly demonstrating the benefits of being able to offer players more competition, games and prizes.
In addition to 8,709 betting shops, the UK also has 148 land-based casinos, which saw their revenues fall by 14% versus the previous period. Generating a dominant 43.4% share of the casino’s business was roulette, followed by blackjack (25.4%) and electronic gaming (19.7%). Meanwhile, land-based bingo saw its revenues improve by 4% to £687 million,  although the sector saw the number of its licensed premises fall by 4.3% to 575.

Poker News
west virginia online poker
14 Mar 2019
Online gambling could soon be legal in West Virginia as long as the state’s Governor doesn’t decide to throw a last-minute wrench into the process. House Bill 2934, which would legalize all forms on online gambling in the state, including online poker and casino gaming, passed a vote in the Senate earlier this week. The
Switzerland Prepares For June 10th Legalized iGambling Referendum
04 Jun 2018
On June 10th, Switzerland will hold a national referendum to decide whether the ‘Money Gaming Act’ passed by the Swiss Parliament in September 2017 can be implemented next year in its present form. The piece of legislation paves the way for land-based casinos and local partners to offer legalized online gambling in Switzerland, although a
Spanish Online Poker Revenue Jumps 27% in Q1
03 Jun 2018
In January, Spain and France started pooling their online poker players in an attempt to revive an industry decimated by the ring-fenced policies adopted by their respective governments. If they were ever in any doubt as to the validity of their move, the results for the first three months of 2018 will certainly have allayed
Aussie State of Victoria to Charge 8% Online Betting Tax
27 May 2018
The Government of Victoria in Australia has announced that it intends to place an 8% tax rate on online betting companies offering their products within the south-eastern state’s borders. Currently, Victoria’s online racing and sports industry is worth around AU$1.2 billion, but domestic operators are at a disadvantage compared to foreign operators who have thus