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80% of Britain’s online gambling operators generated £560.2M in April

Posted:: Jun 05, 2021 09:00 Category: Online , Europe , Posted by
sw

According to the British Gambling Commission, 80% of the nation’s online gambling operators generated £560.2M in April

The British Gambling Commission (BGC) report that 80% of Britain’s online gambling operators generated £560.2m in April – an increase of 2.6% from March to April.

The figure is the second-highest monthly total for online gross gambling yield (GGY) since the BGC started publishing monthly reports at the beginning of the COVID-19 pandemic.

Looking into the specifics, the GGY from real-event betting rose by 7% as the number of active players was up 12% month-on-month to 6.7 million (despite the number of bets falling to 344.3 million).

Additionally, virtual betting revenue decreased by 8.9% to £7.6M (Virtual betting players dropped 5% to 256,233), while esports betting rose again up to 2.7% to £1.9M.

Moreover, the number of bets dipped in all sectors. Slot spins fell down 1% to 6.1 billion, poker wagers plummeted by a whopping 19.1% to 94.7 million, and virtual bets decreased by 7.2% to 17.1 million.

The Gambling Commission said in a statement:

Unlike the first lockdown announced in March 2020, the continuation of tier-1 sport in the most recent lockdown meant there were many more real-event betting opportunities available to consumers.

For the first time ever, on 11th April the Grand National was held behind closed doors, with no spectators and online being the only betting opportunities available.

Operators still need to be mindful about the potential of some consumers to be increasing their spend on some of the more intensive products whilst at the same time still engaging in real event betting activity, which was not meaningfully available during the initial lockdown.

Source: Focus Gaming News

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