uk gambling commission (UKGC)

UK GGY hits £1.3bn mark according to latest Commission data

The latest UK Gambling Commission (UKGC) data has shown a steady increase in betting activity during Q4 of the 2022/23 financial year, partly influenced by key wagering events taking place during the quarter.

Commission data showed a 5% increase in gross gambling yield (GGY) from January to March 2023 against the previous year to £1.3bn (2021/22: £1.18bn), with a 9% rise in bets and/or spins and a 9% rise in the number of monthly active accounts.

On the high-street, GGY for licensed betting offices (LBOs) grew 6% to nearly $585m (£550m) in the 12 months between the two quarters. This was driven by a small increase in the number of bets and spins at these premises of 2%.

Much of this could also be attributed to the Cheltenham Festival taking place this year, with the four-day horse racing event usually a time of heightened activity for the thousands of betting shops across the UK.

In fact, GGY for real event betting wagering increased 13% YoY to £555m (£482.8m), with total bets and activities in the sector increasing with 19% and 9% respectively. 

The UKGC itself noted that the Cheltenham Festival occurring during the quarter likely boosted engagement, whilst the return of domestic league football after the World Cup may also have been a factor.

Meanwhile, customer engagement with slot games was also on the rise over the past year. GGY for this segment rose 2% to £552m (£541m), with the number of spins increasing 9% and the average number of active accounts up 15% to 3.9 million per month.

Additionally, the number of slot sessions lasting longer than an hour increased 10% to 8.8 million, although the average session length has remained consistent at 17 minutes for the fourth quarter in a row, with just 6.4% of all sessions lasting over an hour.

On the other hand, GGY for other gaming verticals including casinos dropped 3% to £153.11m (£158.66m), whilst poker GGY also fell 7%  from £19.4m in Q4 2021/22 to £18m this year.

Lastly, on social responsibility, the number of customer interactions fell 12% to 2.9 million, although the number of direct interactions undertaken by operators increased by 31%.

This may be of significance as the Gambling Act review White Paper was published one month after the quarter ended, with proposals for operator social responsibility and compliance.

SBC News UK GGY hits £1.3bn mark according to latest Commission data

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