UK sees online betting fall in latest quarter despite modest overall GGY gain

UK sees online betting fall in latest quarter despite modest overall GGY gain

Article brief provided by iGaming Business
  • Richard Mulligan, iGaming Business
October 31, 2023 7:38 PM
  • Richard Mulligan, iGaming Business

Great Britain saw a year-on-year fall in online real-event betting despite a rise in overall online gambling yield, according to the latest data from the Gambling Commission…

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Covering the three months to 30 September, online total gross gambling yield (GGY) was up slightly by 0.6% to £1.2bn [$1.5bn]. During the period, the overall number of total bets and/or spins increased 10%, while the average monthly active accounts increased by 7%.

However, online real-event betting GGY decreased by 5% to £428m. Total bets for the vertical decreased by 1% while actives decreased by 0.2%.

Slots GGY increased 8% to £589m, with the number of spins up 11%. The average monthly active accounts in Q2 also increased 11% to 3.8 million per month.