According to the UK Gambling Commission, the gross gambling yield of the UK gambling market reached £13.7 billion in the period between April 2016 and March 2017. This figure shows a 1.8% increase compared to the same period last year.
Remote gambling makes 34% of the total UK gambling market, which is 1.5% more than last year. The remote gambling contributed with £4.7 billion to the total gambling gross. The figure shows 10.1% increase compared to the previous year.
The executive director of the UK Gambling Commission, Tim Miller, stated that the UK gambling market is growing continuously, especially in the online sector. This has led to the launch of no deposit casinos over the Internet which provides the best deals for the players with zero risk.
However, there’s a 3.9% drop in the number of betting shops which is down to 8,502, while the number of bingo parlors fell 1.4% to 583. At the moment, the UK has 146 physical casinos, but there’s a 5.1% decline in the number of licensed arcades. The number of gaming machines jumped to 182,916, noting a 1.8% increase. Contributions to good causes from large society lotteries got a 20.5% boost and reached £255.6 million. On the other hand, contributions to good causes from the UK National Lottery decreased 16.9% to £1.5 billion.
The state of New Jersey and the UK have been negotiating a contract to share liquidity for online gambling. Both countries have some of the best gambling regulations worldwide. At the moment, the UK represents 10% of the European online casino market with two million of unique online gamblers. This is not a surprise, especially since there are many UK online poker sites which offer the ultimate experience for the players.
How about you? Are you a fan of online gambling? If so, which is your go-to online casino?