The UK Gambling Commission has recently announced its latest set of statistics regarding the revenues of gambling in the country. According to the numbers, the UK gambling industry is worth more than £6.7 billion.
All in all, the industry statistics by the UK Gambling Commission revealed that there is a total gross gambling yield of approximately GBP 6.7 billion, which is an increase of GBP 252 million compared to the figures of the previous reporting period or between April two year ago and March a year ago.
The sports gambling sector is on the top spot. It created a gross gambling yield of GBP 3.3 billion or 48 percent of the market in the reporting period. Casino gambling, on the other hand, generated GBP 1.1 billion in gross gambling yield or 16 percent of the UK gambling market.
Remote gambling created more or less the same amount or just below GBP 1.1 billion and occupied 16 percent of the total gross gambling yield. The UK Gambling Commission noted that remote gambling generated excellent GBP 127 million rise compared to the previous reporting period. In other words, it doubled the revenue numbers produced between April 2009 and March 2010. Furthermore, the gambling revenue of the arcade and bingo sectors declined a bit.
Even though it is reported that there are too many high street betting shops in Great Britain, numbers have shown that licensed betting offices actually went down by 45. To sum it up, the entire industry employs 104,137 people, which is 3% decline on the previous reporting period.