Great Britain’s Gambling Commission (UKGC) has imposed a $1.1 million fine on Betfred in connection with social responsibility and money laundering breaches between May 2024...
UKGC publishes new operator data
The UKGC has recently published new data from its licensed operators.
The commission’s latest data covers both online and land-based gambling businesses throughout the United Kingdom and compares the performance of these companies in the third quarter of the 2022 and 2023 financial years, which are three-month periods ending on the 31st of December of each respective fiscal year.
The report started off by covering online gambling firms, the key figures of which included a gross yield of 1.3 billion pounds in 2023, which represented a year-over-year increase of about 4%, along with a total wager number of 24 billion, representing a year-on-year increase of 9% and setting a new record for the figure in the period. The UKGC also reported a 2% increase in the number of average monthly playing accounts.
Sports wagering experienced a 5% increase in its gross yields to 468 million pounds, despite the number of total wagers decreasing 3% in 2023. Slot terminals, on the other hand, experienced a 6% increase in gross yields to 618 million pounds, while the niche’s total played rounds grew by 11% in the period.
Lastly, the UKGC also mentioned that it detected an increase in the number of slot gambling sessions that lasted more than an hour by 3% to a total of just under 10 million, however, the length of the average session decreased from 19 minutes to 17 minutes.
The UK Gambling Commission has published its fourth and last report of its ongoing series that is looking into the issue of illegal online gambling.
This series of reports,...
