Are Brits Gambling Online More Than Ever Before?

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by , 20 February 2017 at 5:48 am (1224 Views)
Come to think of the UK's liberal online gambling market has grown in leaps in bounds over the years and for good reason, it's not only the globe's biggest virtual gambling market but the most lucrative one too.
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The latest statistics indicate that online casinos in the UK are extremely popular, this could be put down to several factors: An improved regulatory regime that takes the well being of the player into account, proper licensing criteria, players receive tailored packages that encompasses start up bonuses, on-going promotions where loads of reload bonuses and free spins can be won, VIP programs, cash back on losses and responsible gaming.

The governing body that ensures that the UK's online gambling market stays above board is the British Gambling Commission. Before an operator can ply its trade to British punters it must first apply for a license to the UKGC (United Kingdom Gambling Commission). The UKGC publishes many statistical data that pertains to sports betting and online gaming in general, in it it indicates that the UK's gaming market is robust and that it's growing at a prodigious pace year-on-year.

Note, the Gambling Commission released the report in November 2015 based on the information it received from all its licensed UK online casinos. To give you an idea how lucrative the market is here's a brief summary of the latest figures:

Impressive Stats

The total gross gambling yield for Great Britain from October 2014 to September 2015 stood at 12.6 billion. The remote gambling market accounted for 3.6 billion or 29% which includes online casinos and bingo. Note, we only included online casinos and bingo, overall the growth has been pretty impressive. In April 2010 to March 2011 the total yield was 653 million while it shot up to 1.1 during the last 3 years. The figures from April 2014 to March 2015 indicates a yield of just over 2 billion with yields of 753 million until October 31 and during the last 5 months it increased to 1.4 billion.

"For the first time the figures include almost a full year's worth of data relating to online gambling operators - the market share of the online betting, bingo and casino sector is 29% and we'll be interested to see how this varies over time.'' UKGC

The UK's gambling industry currently employs 104,900 people across all sectors, however, compared to March 2011 it experienced a decrease of 10,000 employees. Since 2011 the amount of people employed by the industry has been decreasing by 3,000 people per year. But, when it comes to the casino sector it's a different story altogether, the number shot up from a mere 13,900 employees to 15,600.
In summary. By taking all of the above factors into account it's safe to say that Britain's online casino market is a bustling one and will keep on growing. It's evident that more and more players are playing online casino games because they're now available for play on mobile devices and virtual reality (VR) and bitcoin casinos is on the up as well. Whether or not the online gambling sector has a cannibalistic effect on the land-casino market.
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