The UK Gambling Commission (UKGC) recently released its report on the gambling industry for Q2 of 2023/2024. As analyzed by a journalist from New Zealand, the report provides valuable insights into online gambling in the UK.
One key finding highlighted in the UKGC's latest quarterly report is that the online casino sector continues to dominate the British market, accounting for 34% of total gross gambling yield (GGY). This underlines the popularity of online slots and table games in the country. However, the Commission notes that growth in this sector has started to slow down.
The report also shows that online betting services comprised 29% of total GGY. This includes in-play betting offerings from major sportsbooks licensed in Great Britain. The UKGC says active player days logged by betting operators dipped year-on-year, hinting at early signs of market saturation.
An intriguing trend in the report is the rise of poker and bingo. These two verticals increased their share of total GGY to 9% and 8%, respectively. Industry analysts believe this growth comes mainly from casual gamers looking for entertainment—the success of bingo and poker points to diversification in the iGaming sector.
Responsible gambling is an area of priority, according to the regulatory update from the UKGC. The Commission is undertaking a consultation to strengthen age and ID verification measures by licensed operators. Their goal is to prevent minors from accessing gambling sites quickly. This aligns with creating a safer gambling environment.
In conclusion, the quarterly report from the UK Gambling Commission provides vital insights into the state of the British market https://gamblingindustrynews.com/news/regulation/ukgc-q2-23-24-report/. Online casinos continue their dominance as major sportsbooks show early signs of market saturation. The growth of poker and bingo offers diversity for consumers. Responsible gambling regulations remain vital for the UKGC moving forward.