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21 December 2020, 10:56 am
#1
UKGC reports online gambling growth amidst pandemic
The UK Gambling Commission reported significant growth in the online market, after releasing new figures for the period between the months of March and October.
The data reflects the period between March and October, inclusive, and covers both online and in-person gambling with data from Licensed Betting Operators (LBOs) found on Britain’s high streets.
The latest data for October shows:
- The online market grew, with a month-on-month increase of 29% in gross gambling yield (GGY), and a 7% increase in active accounts. The main driver for this was real event betting – which saw 53%[1] growth in GGY. Although there were increases in both the number of bets (up by 12%) and the number of active players (up by 7%), the main driver for the growth appears to be an increase in operator margins.
- The number of online slots sessions lasting longer than an hour increased by 12% (to 2.2m) in October from September, although this rise was at the same rate as the increase in overall sessions. The average session length remains steady at 21 minutes with around 8% of all sessions lasting more than one hour.
- Licensed betting operators also experienced month on month growth across some metrics, with increases of 1% in bets/spins placed and 9% in GGY (to £204m) likely to be impacted by the same sporting results.
Read more here: https://www.gamblingcommission.gov.u...ober-2020.aspx
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The Following 3 Users Say Thank You to The Buzz For This Useful Post:
CasinosJungle (5 January 2021), ocreditor (30 December 2020), Tina Sheldon (22 December 2020)
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29 December 2020, 7:18 am
#2
Better prepare for more restrictions in 2021 then...
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