In the third quarter of the fiscal year 2022-23, the land-based sector of the British gambling industry grew while the internet sector had a 2 percent year-over-year fall in gross gambling yield (GGY).
The Gambling Commission reports that in the three months ending 31 December 2021, total GGY for the online industry was £1.20bn (€1.36bn/$1.44m), down slightly from the previous year.
According to the Commission, the reduction was caused by a general weakening across all markets, but particularly in the real event betting and casino submarkets.
Online Gambling's Massive Profit for the United Kingdom
Even though the total amount wagered increased by 21% and the number of average monthly active accounts grew by 20%, GGY for online actual event betting declined 3% to £446m.
According to poker reviews and news sites, the 2022 FIFA World Cup in November and December certainly boosted total participation, while the suspension of major European leagues due to the national team event may have reduced overall spending.
The GGY from virtual betting fell by 30.2% to £12.0m, while the GGY from esports betting fell by 29.4% to £2.4m.
With respect to internet casinos, GGY was down 8% overall, with slots GGY down 2% to £582m for the quarter. However, despite an 8% increase in total spins to 19.7 billion and a 13% increase in average monthly active accounts to 3.7 million, the average number of spins per active player fell by 5%.
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