Gambling in the United Kingdom – A Thriving Industry
Betting around the world seems to be thriving, despite the different restrictions and hindrances from the various states and governments. Although it is growing exponentially on a global scale, nothing compares to the thriving and expansion of the industry of gambling in the United Kingdom. There are more than 33.6 million active online accounts at licensed operators. Therefore, many consider the United Kingdom to be the home of the most internet casinos around the world, as more than 100 online casinos have a UK license.
The Statistics Behind it
According to Statista, the GGY (Gross Gambling Yield) in the United Kingdom increased by around six billion pounds within the seven years between 2011 and 2018. The yield increased from 8.4 to reach 14.4 billion pounds. The statistics of the GGY indicate that Gambling in the United Kingdom is one of the fastest-growing sectors.
Reasons behind the Growth of Gambling in the United Kingdom
Many countries have a legal gambling market, but none of them come close to the gambling industry in the United Kingdom. There are several reasons behind that, and they include:
– Gambling Legislation of Remote Gambling:
The government made the needed laws regarding remote gambling in 2014. These changes increased the GGY and created numerous new jobs.
– The Number of Active Players:
Although the age of gambling in the UK is higher than in other countries, the number of players is quite high. Surprisingly, most of the gamblers fall between the ages range of 45 and 64. According to statistics, in 2018, there were more than 36 million customer accounts at casinos with a UKGC license.
– Trust and Fairness:
It is a fact that in terms of gambling if fairness is not present, players will be reluctant to participate. Therefore, the UK industry and regulator made sure players feel comfortable knowing that gambling in the United Kingdom is fair and monitored.
– The Huge number of Gambling Venues:
There are well over 8400 gambling venues across Great Britain. It gives players the ability to enjoy gambling, wherever they are, which, in turn, helps make gambling more popular and increases the GGY.