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UK Gambling Revenues at Record High

UK Gambling Revenues at Record High

The British gambling industry is continuing to enjoy growth as £13.8 billion was bet in the 12-month period ending in September 2016.

The new figures from the Gambling Commission show that nearly £4.5 billion came from online gambling, an increase of about 7% from April 2015 to March 2016. From that money, casino games generated £2.4 billion, most of which (£1.6 billion) came from slots. The gross gambling yield for remote betting, including betting exchanges and pool betting was £1.9 billion and was dominated by horses and football.

Land casinos contributed a total of £1.2 billion, up by 15% from the previous report. There are a total of 147 casinos in the UK. The overall figure includes lottery revenue. In the US, casinos bring in about $70 billion a year and lotteries a further $70 billion.

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.