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UK Gambling Commission reports ‘significant growth’ in online market

Data from a new report of the UK Gambling Commission shows that the online vertical has experienced significant growth, highlighting how new COVID-19 lockdown measures has impacted gambling behaviour in UK. Latest data from October showed the online market grew with a month-on-month increase of 29% in gross gambling yield along with a 7% increase in active accounts.

The report emphasised that the main driver for the increase was due to real event betting, which saw 53% growth in GGY.

Additionally there were increases in both the number of bets, up by 12%, and the number of active players, up 7%.

The UKGC noted that real-event betting GGY levels can be “volatile due to the influence of sporting event results.” Furthermore, they expressed that they expected an increase in real event betting figures in October.

Moreover, the report showcased that the number of online slots sessions lasting longer than an hour increased by 12% in October from September, yet emphasised that the rise was at the same rate as the increase in overall sessions.

The Gambling Commission concluded that it has “continued to evolve as the country responds to varying levels of restrictions’ and ‘will remain vigilant in light of new national lockdowns announced in recent weeks.”

The public body confirmed it recently wrote to operators to remind them of the guidance that was initially issued in May to online operators which set out the need for improved affordability checks, the prevention of reverse withdrawals and restrictions on bonus offers.

Source: GMB / Casino Beats