Skip to content

adev space

UK Gambling Market Drop to £1.2 Billion in 2022

Posted on 05/12/2022

 

It seems like the UK gambling market is currently in the stage of some significant changes and reformation. The UK Gambling Commission has reported the current state of the market, which is apparently declining in value and interest among consumers. More details on the report are below.

According to the UKGC report, the total Gross Gambling Yield (GGY) in the second quarter of 2022 was £1.2 billion. This data demonstrates a 4% decrease, compared to the first quarter of the same year. Moreover, the general number of placed bets and spins also decreased by 1% from Q1 to Q2. The average monthly active accounts also dropped by 9%. It surely proves the lower interest in gambling among UK consumers in the first half of 2022.

Slots drop in Q1 and Q2 2022

The document provided by the UK regulatory establishment also shows the lower interest in slot games all over the market. GGY slots decrease by 3% to £548 million between Q1 and Q2.

The number of slot spins also dropped in the same period of time. The difference is estimated at 2% to £18.5 billion. The number of active slot accounts decreased by 4% to 3.4 million each month.

UKGC expectations

The UK Gambling Commission is strongly expecting operators around the country to continue following the guide published in 2020. The regulator will also be even more attentive to the strategies for engaging new customers. Moreover, another essentially important factor for operators to be attentive to is the marketing approaches to promotion. The gambling Commission warns businesses to be responsible for client retention online.

Source: Read Full Article

Post navigation

❮ Previous Post: Softswiss partners with Spinago for a jackpot campaign
Next Post: RUPO CALIENTE BRINGS ZITRO’S “MEGA KING” TO ITS GAMING PROPERTIES IN MEXICO ❯

Online Casino News

Better Collective joins as founding member of All-in Diversity Project
10/02/2023
Digital growth helps Caesars reduce net loss in 2022
22/02/2023
Arizona sports wagering handle reaches $572.5m in December
14/03/2023
Slotegrator Increased Its Total Bet by 2.5 Times in 2022
03/02/2023
SIS strengthens presence in South Africa via union with 4Racing
04/02/2023
International Casino Conference to provide insight on Palms Las Vegas acquisition
30/01/2023

Online News

  • Rank to cut costs as Grosvenor struggles lead to major profit decline
  • Top 5 UFC Fighters of All Time, Ranked
  • Gambling Commission to feature biggest ever ICE Consumer Protection Zone
  • Sega Sammy commences Rovio acquisition
  • Maverick Gaming And Bally’s Partnership To Open Maverick Gaming Poker Room
  • Livespins and EveryMatrix sign major distribution deal
  • The benefits and drawbacks of crypto casinos: Part 2

Copyright © 2023 adev space.