How big is the UK gambling industry?

Details. Total GGY for the industry was £5.9bn in the half year reporting period April 2020 – September 2020. The next full year’s data for reporting period April 2020 – March 2021 is due to be published in November 2021. Remote (or online) gambling is the largest combined sector by GGY.

How big is the betting industry?

Reportedly, nearly eight states have legalized sports betting in 2019 and more likely to follow suit in coming years….Share this article.

Report Attribute	Details
Market Size 2020 Value	US$ 131.1 billion
Market Forecast for 2026	US$ 179.3 billion
Expected Growth Rate	CAGR 8.83% from 2021-2028
Base Year	2020

How many gambling companies are there in the UK?

Overall, the UK Gambling Commission has issued more than 3,600 licenses to 2,600 online gambling companies. And there are at least 175 online casinos operating in the country. Online betting and gambling represent the largest combined sector for gross gambling yield (GGY).

How big is the market for online poker in the UK?

Further Facts About the UK Online Gambling Industry According to reports, there are 33.6 million active accounts with licensed online gambling platforms in the UK.

How much is the gambling industry worth in the UK?

The UK gambling market is worth about £14.3 billion per year.

How many people regularly gamble in the UK?

The gambling industry in total is worth £14.3 billion and employs 98,174 people across the UK as of September 2019. This is down from £14.5 billion and 106,000 employees in March the same year, a change driven by more gambling taking place online than on-premises….

Income group	Weekly spend
Highest 10%	£4.20

How big is the online betting industry?

The global online gambling market size was estimated at USD 53.7 billion in 2019 and is expected to reach USD 59.6 billion in 2020.

How big is the global sports betting industry?

USD 66.98 billion
The global sports betting market size was valued at USD 66.98 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 10.1% from 2021 to 2028.

How big is the online gambling industry?

According to a report from Grand View Research, the global online gambling market size is expected to reach USD 127.3 billion by 2027, registering a CAGR of 11.5% from 2020 to 2027.

Is the gambling industry growing in the UK?

The gambling industry is growing in the United Kingdom (UK). The goss gambling yield (GGY) in Great Britain increased from roughly 8.4 billion British pounds in 2011 to approximately 14.4 billion British pounds in 2018.

How many people bet on sports in UK?

Another immensely popular form of gambling loved by the Brits is sports betting. Sportsbooks seem to be quite popular as 7% of people living in Britain wagered on some of many different sports betting markets available in 2019.

What percentage of the population is addicted to gambling?

Compulsive Gambling: United States Gambling Addiction Statistics. The North American Foundation for Gambling Addiction Help reports that approximately 2.6% of the U.S. population has some type of gambling issue. That adds up to nearly 10 million people in the United States who struggle with a gambling habit.

How much is the sports betting market in the UK?

The online sports betting market in the UK is estimated to be worth £650 million which has seen a compounding annual growth rate from 2009–12 of approximately 7%.

How big is the gambling industry in the UK?

Where can you gamble in the United Kingdom?

There is a large market in the United Kingdom for gambling on competitive sports at bookmakers (betting shops) or licensed websites, particularly for horse, greyhound racing and football.

Is it legal to bet on horses in the UK?

Sports gambling has a long history in the United Kingdom, having been controlled for many decades, and more recently relaxed. The 1960 Act legalised off-course bookmakers. Pool betting on horses is a monopoly of The Tote. There are over 1,000 betting shops located in London.