The UK Gambling Commission (UKGC) has revealed that British gross gambling yield (GGY) during Q3 2022/23 financial year dipped slightly by 2% to £1.2bn [$1.4bn].
Data from the UK’s ‘biggest operators’, encompassing around 80-85% of the online betting and gaming market, the UKGC determined that betting and casino revenue declined by 8% and 3% respectively.
Total online betting gross gambling yield was £446m, with the number of bets and average monthly accounts up 21% and 20% year-on-year, respectively.
This was despite the number of active players increasing – for real event betting, the number of customers 17.3 million, an uptick of 17% on the previous year’s Q3 figure of 14.5 million, although virtual sports wagering declined by 41% from 726,538 to 425,708.
