Online Gambling In Britain Yield Reaches 560 million Pounds in April

Online Gambling In Britain Yield Reaches 560 million Pounds in April. The highest figure ever recorded for a month was reported last December. (Image Source: gamblingcommission.gov.uk)

The BGC has published the report for April online gaming figures showing that online gross gambling returns rose 3% month-on-month and particularly rose by 2.6% from March. According to the report from The British Gambling Commission, 80 percent of operators in the UK generated 560.2 million pounds in April.

This high figure is the second-largest monthly total ever recorded for online GGY (gross gambling yield) since the BGC started publishing its data monthly at the beginning of the COVID-19 pandemic in 2020. The highest figure ever recorded for a single month was reported last December and it still holds that record to date.

Monthly Figures of the Gambling Commission

The Grand National is a strong force to the top performance recorded in April, thanks to its contribution with gambling gross yield from real-event betting swelling by 7% up to 267.4 million pounds as operator margins amplified.  Similarly, the only vertical to record an increase in active players was Real-event betting whose number increased by 12% month-on-month at 6.7 million although the figure of bets dropped to 344.3 million.

Gross gambling revenue for casino games and slots also dropped slightly from the high record in March by less than 0.5% to 71 million pounds and 202 million pounds respectively. Income from virtual betting dropped to 7.6 million pounds (representing an 8.9% decrease), revenue from poker fell by 9.1% to 9.4 million pounds while revenue from Esports betting on the other hand rose to 1.9 million pounds (2.7% increase).

The figure of active players for casino games and slots fell by 1% to 2.2 million and 3.2 million while the number of players who play poker fell 11% to 300,520 and the number of virtual betting players fell by 5% to 256,233.  Across all sectors, the number of bets dropped drastically with bets on other casino games falling by 3.3% to 265 million, slot spins down by 1% to 6.1 billion, and virtual bet fell by 7.2% to 17.1 million while poker bets dropped the most by 19.1% to 94.7 million. Average slot session length dropped to 20 minutes while the number of sessions that exceeds an hour fell by 4% to 2.6 million.

Statement from The British Gambling Commission

The British Gambling Commission (BGC) stated that:

Unlike the first lockdown imposed in March 2020, tier-one sport continued in the recent lockdown, and this implies that customers have many real-betting event betting chances available to them. They also stated that the Grand National was held online on the 11th of April behind closed doors for the first time without any spectator being the only available betting opportunity.

The Gambling Commission concluded that operators should be mindful of some consumer’s potential to increase their spending on some of the products that are more industry while also engaging in real-event betting activity (was not significantly available during the first lockdown) at the same time.

Overall Gambling Revenue in The United Kingdom

The British Gambling Commission published the full income figures for its gaming licenses for 6 months (April to September 2020) last week, and it suggests a marked drop in revenue. The Gambling Commission could not make a direct comparison because it usually produced annual figures (not a 6-month breakdown) in the past. However, comparing the 6-months figure against figures published for April 2019 to September 2020 (full year) suggested a substantial fall in revenue.

The gross gambling yield which the Gambling Commission reported for the 6 months to September 2020, was 5.89 billion pounds while the gambling gross yield for the full year (April 2019 to September 2020) was 14.12 billion. Out of the entire revenue, a whopping 3.08 billion pounds was generated from the online gaming sector in the 6 months which represents a 9.6% increase year-on-year from 2.8 billion pounds during the same 6 months in 2019.

 

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