New industry statistics published by UK Gambling Commission

[The Buzz]

In case you missed it last week, the Gambling Commission published its industry statistics, which are presented twice a year, once in May and again in November.

You can read the entire report here: https://www.gamblingcommission.gov.u...statistics.pdf

Here are just a few of the key findings:

• £14.5bn – total Gross Gambling Yield (GGY) of the Great Britain gambling industry (Oct 2017 – September 2018 (0.4% decrease from Apr 2017 – Mar 2018
• £5.6bn – Gross Gambling Yield for the remote sector (October 2017 – September 2018 (2.9% increase from Apr 2017 – March 2018
• 39% - the market share of the remote (online) sector (October 2017 – September 2018 (1.2% increase from April 2017- March 2018

And quotes from Ben Haden, Program Director for Industry Insight:

“Despite the marginal decline across the wider gambling industry, the online gambling sector continues to grow. Our role as regulator will continue to see us working to raise standards right across the industry.

“Following our comprehensive review of the online gambling sector in 2018, this year we have implemented new rules to strengthen age and ID verification checks and we’ve also been working with partners in financial institutions to develop the role they can play to protect vulnerable consumers.

“Last month we published the new National Strategy to Reduce Gambling Harms which has a renewed focus on plans to widen research, take a preventative approach to gambling harms, assess treatment provision, embed a culture of evaluation, and encourage industry to collaborate to make gambling safer.’’

[wonderpunter]

Impressive considering all the new restrictions being added every year

[illuminati]

Not a big suprise when the global market is heading up. Hopefully we will never have something like what we experienced in 2008 and 2009.

[Sherlock]

Like that we finally invented a financial perpetuum mobile?
We will have something much worse than what we saw by then, because the policies 10 years ago came just with a bandaid. The "growth" during last decade is fragile and not based on productivity of work.

Each year I see my employees working less and less. Everybody, regardless of country or continent, is just becoming lazy, spoiled consumer. This is also why gambling sector sees such a boom. People throw away money much easily, because they did not have to deserve them.

[Pokerface]

Although interesting data there is so much missing to properly analyze the industry and answer questions. These numbers are just a small fraction of what is needed to understand what is happening in the industry.

[DanHorvat]

Does anyone know how much money does UK and UKGC get from the gambling sector per year, in tax money, fines, licence fees, other fees?