UK gambling regulator chief says growth has plateaued for booming sector

Tuesday, October 18, 2022 5:33 PM
Photo: By Librarian 1965 - Own work, CC BY-SA 4.0, https://commons.wikimedia.org/w/index.php?curid=107261437
  • Leah Montebello, City A.M.

Growth in the betting sector has plateaued in recent years as a result of cost of living concerns and safety measures, says top gambling regulator.

Speaking at an awards ceremony today in Melbourne, Gambling Commission chief Andrew Rhodes said that the sector is still feeling a pandemic hangover — despite popular belief that betting giants cashed in on lockdown flutters.

“Overall participation in gambling is stable and has not been growing. It is true that online has continued to grow, but the whole market is not,” he said, adding that the commission was “certainly seeing a plateau” for UK licensed gambling.