The UK Gambling Commission has released its latest figures showing gross gaming revenue (GGY) growing by 5% in the fourth quarter of the last financial year. This report, presented in comparison with data from the previous period, sheds light on the trends and dynamics of the gambling industry in the country.
The report for the fourth quarter of 2023-2024 revealed that the total volume of bets and spins in the online and retail segments reached a new peak of 24 billion, reflecting a significant increase in player activity during this period.
Online Segment: Growth and New Records
Particular attention was paid to the online market, where gross gambling revenue was £1.4 billion, up 5% on the previous year. This growth is also accompanied by a 10% increase in the total number of bets and spins, reaching a new record of 24 billion. Average monthly active accounts also increased by 2%, indicating increased participation in online gambling.
Segment Analysis
Looking at different segments of the online market, betting on live events increased by 2% to £565 million. However, the number of bets decreased by 6%, which may indicate more concentrated gaming sessions. The biggest growth was seen in the online slots segment, where sales increased by 11% to £614 million.
The retail segment, which includes licensed betting operators (LBOs), recorded a slight decline. Gross revenue was down 3% to £568 million, with total bets and spins down 1%.
Portents and Trends
This report reflects the current state of the UK gambling industry and provides information for further analysis and planning. Increased online activity, including in the online slots segment, may indicate changing player preferences and market dynamics. However, a slight decline in the retail segment highlights the importance of a multifaceted approach to the development of the gambling industry as a whole.
The Gambling Commission's report is an important tool for regulating and monitoring the gambling industry, and its findings help to understand current trends and their potential impact on the economy and society.