Total online gross gambling yield (GGY) from licensed betting operators across the UK for the quarter ending March 31 was £1.4 billion ($1.75 billion), up 5 percent from last year, while total number of bets and spins reached a record high of 24 billion, up 10 percent year-over-year, according to figures released Wednesday by the UK Gambling Commission.
Online slot games significantly drove the GGY increase, earning £614 million ($770 million), up 11 percent from last year, while the number of spins on online slots increased by 12 percent.
While the number of bets placed on real events fell 6 percent, real event betting also saw a 2 percent increase in GGY, reaching £565 million ($708 million).
Despite the strength in the online sector, GGY from the nation’s high street retail operators fell 3 percent to £568 million ($712 million) vs. 2023, and the total number of bets and spins fell slightly to 3.3 billion, a 1 percent decrease.
