UKGC provides insights on Gambling Act Review
The UK Gambling Commission (UKGC), in collaboration with the Department for Culture, Media and Sport (DCMS), has been working on determining the impact of the Gambling Act...
UKGC reports 11% rise in gross gaming yield
The UK Gambling Commission, UKGC, shared its latest report on gross gaming yield, highlighting the rise to $1.71 billion.
These results come mainly from online slot activities, which recorded a rise of 16%. Slot activity reached a new record with 23.3 billion spins, up 13% for the quarter, together with a 16% increase in active accounts to 4.4 million.
The average spins per session dropped from 147 to 142, while GGY per session slightly decreased, and slot sessions lasting over an hour rose 9% year-on-year to 10 million.
Real event betting, GGY rose 6% year-on-year to £453 million ($587 million) despite a 10% decline in bets, with active accounts up 9% Offline betting, however, saw a 1% GGY dip year-on-year, with self-service terminal bets growing 9% but over-the-counter bets dropping 6%.
Machine GGY rose by 0.2%, and average session spending grew slightly, reflecting a stable trend in gaming behavior across both online and offline channels.
When comparing online gambling revenues with the revenues of 2023, GGY rose by 11% year-over-year.
UKGC’s efforts
Recently, the UK Gambling Commission shared its new, intensified strategy aimed at combating the illegal black market in the UK. Addressing the black market is the top priority for the UKGC, and the regulator is committed to protecting society from the dangers that come together with the black market.
UK gambling tax set to raise £100M for harm reduction
Gambling operators in the UK will soon face a new tax on their profits, which could be as high as 1.1% for certain types of games, as the government is aiming to raise £100...
