The state of gambling in the United Kingdom is not a secret after the United Kingdom Gambling Commission released its annual financial report on the gambling industry. The numbers in the report published on the UK Gambling Commission site cover the period from April 2013 to March 2014 and readers can find in-depth information about various fields such as land based vs. remote gambling, Gross Gambling Yield and etc.
The point of interest to thousands of online players is online gambling activity. Online casinos and online bingo noted a 22% growth in the past year, whereas the whole gambling industry earned the country £6.8 billion in Gross Gambling Yield in the period from April 2013 and March 2014. According to this information online gambling revenues have risen even though the majority of the overall gambling yield is made by land based betting operators. Currently, only 17% of the gambling market belongs to online operators.
The UK Gambling Commission report revealed that the revenues from online betting have grown and the overall online turnover increased for 30% to £25.4 billion. However, the major changes are made up by sports betting such as football (31%), tennis (30%) and horseracing (4%). These sports had huge revenues of £10.2 billion, £5.2 billion and £2 billion.
When it comes to online casinos, there has been a drop by 19% to £697 million. The biggest decline in online casino betting is noted in table games (30%) and card games (20%), whereas slots had a smaller drop of 10%. However, this is expected to change in the next year because of the implementation of the new Gambling Act. Starting from 1st of December, 2014, remote gambling operators who would like to keep their UK customers will have to obtain UK gambling licence which will serve as extra online gambling revenue.