The Gambling Commission (UKGC) has released statistics illustrating how British gamblers are responding to the present climate. The newest study shows that the region's sector hit the £1.3 billion ($1.39 billion) barrier from January through March, a 5 percent year-on-year GGY gain.
The most recent data set, reported to have been gathered from operators and covering around 80% of the online gambling industry, reveals that actual event betting, helped by the Cheltenham Festival, and slots, which increased by 13% and 2%, respectively, were responsible for the growth. Overall, the survey suggests that British consumers' willingness to gamble has not been dampened by the country's current economic climate. Thus, people still want to become a bookie in UK.
After earlier being reported at £540.16m ($581.6m), GGY for online slots has now reached £551.7m ($594.05m), while the total number of spins has climbed by 9 percent during the quarter to 19.5bn, marking a new high.
Furthermore, monthly active accounts touched a record high of 4.23 million in March, an increase of 15 percent from the previous month's average of 3.9 million. Spins per session fell by 7 percent between Q4 2021 and Q4 2022, and again between Q4 2022 and Q4 2023, as a result of the rise in actives.
There were 137.86 million sessions throughout the course of the quarter, up from 117.38 million in the corresponding time in 2022. Sessions lasting more than an hour rose by 10.45 percent to 8.79 million in 2019, but the average session time dropped to 17 minutes from 18 minutes in 2022 over January, February, and March. This indicates that during the quarter, there were 6.4% of sessions that lasted more than an hour.
Gaming revenue outside of casinos fell 3.49 percent to £153.11 million ($164.8 million).
The total amount wagered on poker was £19.3 million ($20.8 million), down 7.17 percent from the previous year.