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UK Gross Gambling Yield Increases 2% to £5.4 Billion

UK Gross Gambling Yield Increases 2% to £5.4 Billion

The United Kingdom Gambling Commission has just released figures for the Gross Gambling Yield which revealed that for the period of April 2014 to March 2015 the GGY was up 2% to more than £5.4 billion.

Sports betting was responsible for the majority of the money accounting for £3.249 billion followed by casinos at £1.161 billion. The GGY for both sports betting and casinos was up compared to the same period in 2013 but both arcades and bingo saw drops in GGY to £371.66 million.

The National Lottery also increased by £132.3 million to £3.232 billion while other lotteries increased to £361.62 million. The figures are good news for the gambling industry and show that it is thriving within the UK, if the current trend continues then GGY could exceed £6 billion within the next five years.

OCA News Editor

Jenny McKinnley is OCA’s financial correspondent. After spending years on the trading floor in both NY and London, she offers insight from the inside out on world financial news and events.

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