UK online gambling sector grows 3.7% to £4.9bn
Online sector accounts for 35% of the entire UK market, according to latest Gambling Commission report
The UK online gambling sector grew 3.7% to £4.9bn for the year to November 2017, according to new figures released today by the Gambling Commission.
The remote sector accounted for 35% of the entire UK gambling market, up 1% from the comparative period in 2016.
Casino accounted for £2.7bn of remote gross gaming yield, while online sports betting hit £1.8bn.
Exchange betting, bingo and pools betting made up the remaining £370m of online gaming revenue.
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The total gross gambling yield (GGY) for the UK gambling industry of retail and online combined reached £13.9bn for the year ending November 2017, marking an annual increase of 0.7%.
The online sector could be set for significant changes in 2018 and beyond after the UK government announced plans to raise Remote Gaming Duty, which is currently set at 15%, to cover a revenue shortfall as a result of the £2 maximum FOBT stake limit.
