Recent UK figures in favour of online gambling

avatar

Published by CasinoTopsOnline on July 22, 2016 in Industry News

featured image

The UK online gambling industry is going strong and has generated more revenue in the latest financial year than ever before. The UK Gambling Commission (UKGC) has revealed that they’ve managed to generate a total of £12.6bn in total gross gambling from October 2014 to September 2015. In the previous financial year, they only managed to generate £11.2bn.
 

"One of the essential income sources is the remote gambling markets that include sports betting, casino gaming, and online bingo."

Casino.com

100% up to €400 + 200 Bonus Spins

Play

This source alone has managed to generate £3.6bn from October 2014 to September 2015. In that 12-month period remote gambling has been responsible for 29% of the revenue income of the entire industry.
 

Land-based casinos on the decline

While online gambling has been a massive source of revenue income, land-based UK casinos have been experiencing a decrease in revenue generation. This is a major cause of concern seeing as land-based casinos are experiencing a massive decline of 1.9%, betting shops have decreased from 8,975 in March 2015 to 8,809 in March 2016.

Other areas of decline for land-based operators include the number of arcades that have fallen by 11.1% from 1,937 in March 2015 to 1,721 in March 2016. Bingo halls have also experienced an incredible 10.1% decrease and fell to only 599. Some good news is that the overall gross gambling income from bingo has improved by 4.9%.

Upon the release of these new figures, the UKGC said that the figures have to be interpreted with care. Especially since UK online casinos have worked under the restrictions of the Gambling Act since 01 November 2014. This means that operators have to pay 15% point of consumption tax on the revenue they bring in. Warnings have also been issued to operators for running betting markets on pre-recorded TV programmes. In the eyes of the UKGC this form of betting lacks integrity and shouldn’t be encouraged.

player reviews
Rate casino and write a review
Write Review
Write a review for

We respect your privacy. We are committed to responsible handling and protection of your personal information. By subscribing, you are agreeing to our Terms & Conditions and our Privacy Policy and you confirm that you are 18+. If you no longer want to receive our occasional offers and news, you may opt-out at any time. All our emails include an unsubscribe link.

Submit review

Your reviews help other players find the best casino sites and games to play. Please be honest with your feedback and rating. All submitted reviews will be checked by CasinoTopsOnline quality control team. Submissions that do not follow our review guidelines will not be posted.

Latest News View all
Sweepstake Casino Tips

For players who are keen on winning great prizes, especially players in the US who have great access to online sweepstakes casinos, the thrill of winning or potentially winning is a big draw - but how can players get the most out of them? 

Read more
Most Popular
Esports & Daily Fantasy Sports in the US

Esports has seen a huge uptick in popularity – both in general as a competitive sport as well as in the betting scene. However where does it stand in the US?  Is the increasing popularity and international presence represented in betting and fantasy sports, in the US? We’ve aimed to look into this and find out.

Read more
Showboat Casino in New Jersey

Showboat Casino, the third of four famous Atlantic City casinos, could be eyeing a sensational return to the casino world after being shut down in 2014.

Read more
Gambling Winning Tax Rates Per State

The introduction of online casinos and gaming has seen a shift in the actions of different states and jurisdictions. They're all trying to regulate and approve, and in turn profit from, this new surge in online betting that has seen millions of people register on a variety of online casinos and try their luck.

Read more
888 Casino Expands their Games and Live Casino

Always on the ball when releasing new content, 888 Casino have sought to add a huge amount of new games to their game library. With as many as 50 new slots being added to the site, as well as bolstering access to live casino, the options and variety available for play has increased exponentially. What is there to look forward to? We’ve summarised what’s on offer below so you can look forward to the action as much as we do.

Read more
The Atlantic Club

The Atlantic Club used to be a people's favorite for a long time and was owned and operated by Colony Capital. Over the years, the club had many different names, including Golden Nugget, Bally’s Grand, The Grand, and Atlantic City Hilton (ACH).

Read more
Getting started with Fantasy Sports

With sports events returning to the airwaves, it’s the perfect time to get involved in fantasy sports betting. But how’s the best way to leverage this for betting online and at home? We’ve taken a dive into the world of fantasy sports to advise you on how to make the most of it.

Read more
What are online sweepstakes?

Sweepstakes are amazing fun – and in a casino it makes the fun even greater! With the fast-paced fun that you find on a casino regularly, sweepstakes add an extra touch of excitement. So what makes them so great, and how does a sweepstake work, especially in a casino? We’ve tried to answer those questions here. Read on to learn more about them.

Read more