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Fixed-odds betting under fire as UKGC publish gross gambling yield statistics

ukgcThe UK Gambling Commission (UKGC) recently published their gambling industry statistics. They have provided information on each of the sectors it regulates. Statistics are published bi-annually in May and November.

The statistics have been released just weeks before the UK Government will present its gambling industry review. In response to fixed-odd betting risks, there will most likely be tighter scrutiny and even stricter regime going forward. The UKGC has a responsibility to ensure that British players are not being subject to irresponsible gaming habits.

Gambling Industry Overview

The data revealed that the gambling industry stood at 13.8 billion, which is an increase of 2.9% (for the period October 2015 to September 2016) compared with the previous year. 1.8 billion of this amount were lost on fixed-odds betting terminals (FOBTs).

Employees

A total of 106,678 employees, which represents a slight decline of 0.4% have engaged in the gambling industry.

Sportsbetting

There has been a major crackdown on fixed-odds betting, however, the UKGC noted that they still continue to generate the highest profits at 1.8 billion. These FOB machines have received a lot of criticism for their high levels of risk and addictiveness.

Betting & Bingo shops

There has also been a slight decline (1.4%) in the number of betting shops. The bingo shops also saw a 5.7% drop. It now currently stands at 583 local UK premises. The overall number of land-based gaming machines also saw a slight decrease to 176,410.

National Lottery

UKGC reported that the National Lottery was the largest contributor to “good causes” (from October 2015 to September 2016) The areas where no growth occurred, was both the bingo and National Lottery areas. The HMRC reported that receipts had grown 6.2% to £357 million in the year ending March 2017.

 

 


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