New UKGC data reveals GGY for Q2 2022-23 hit £1.2bn
Data shows slight dip from Q1 as GGY downturns across slots and sports betting come to the fore
New data from the UK Gambling Commission (UKGC) has shown that overall gross gambling yield (GGY) in Q2 2022-23 has dropped by 4% quarter on quarter (QoQ) to £1.2bn.
There were drop-offs across the board in terms of GGY as the worsening cost-of-living crisis has affected people’s discretionary spending on gambling and betting.
Looking into each vertical, slots GGY fell by 3% QoQ reaching £548m in Q2. The number of spins also fell by 2% to 18.5 billion, while the number of active users fell 4% to 3.4 million per month.
The number of online slot sessions remained stable at 8.4 million, with the average session lasting around 17 minutes while around 7% of sessions last longer than an hour.
When looking at the number of active players across each vertical, every single one saw declines between Q1 and Q2, with the only exception being online casino which saw a 4% rise.
The biggest drop in active players was in real event betting, which fell by 15% between quarters.
Real-event betting, which includes sports betting, saw GGY fall by 4% between Q1 and Q2, while esports betting dipped 26% and online poker fell by 2%.
The UKGC has reiterated its expectations for operators alongside the data. The regulator stated that operators should follow the guidance issued in 2020, taking a particular interest in customers who are expanding their portfolio of games and spending more time and money than usual.
Alongside this focus, the UKGC has said that operators must interact with consumers who trigger warnings and not to exploit the current economic situation to take advantage of customers who may be more desperate.
Lastly, the regulator said that operators need to take care when onboarding new customers and making decisions around affordability checks.