Virtual betting the surprise star in UK Gambling Commission stats

Virtual betting is punching above its weight class, according to new UK Gambling Commission UKGC statistics.

On Thursday, the UKGC released its latest report on the nation’s gaming industry, covering the period from October 2016 to September 2017. On the whole, the report doesn’t reveal significant deviations from the previous data set released last December.

The UK market generated overall gross gambling yield GGY of £13.9b during the period, up only 0.7% from the April 2016 – March 2017 figure. situs judi online Online gambling accounted for £4.9b of the total, a 3.7% improvement, bringing the online market share up one point to 35%.

The number of new online account registrations jumped nearly 6m to 36.6m and online active accounts were up over 7m to 30.9m. These accounts held a total of £849m, up from just £562m in the previous report.

For the first time, the UKGC report includes virtual betting, provided by the likes of Inspired Gaming and Playtech, situs judi online and the numbers may prove somewhat surprising. Virtual betting revenue totaled £170m, which was £40m more than real tennis brought in and represents roughly 8.5% of overall online betting revenue during the period.

Sadly, the UKGC didn’t break out the virtual revenue figure into individual sports, but football, basketball and racing have proven wildly popular in the ‘make believe’ betting realm. Virtual betting is a major contributor to retail betting operations in Italy and has also begun to make inroads into Asian markets.

The UK’s overall retail GGY was down 3% to £3.1b, with OTC wagering falling 7% to £1.3b and fixed-odds betting terminal FOBT revenue flat at £1.8b. As of March 31, 2018, situs judi online the total number of betting shops had fallen 3% to 8,532. There are nearly 600 less shops in the UK now than at the end of March 2012.

The Association of British Bookmakers ABB lamented the closures, saying “nearly 1,000 good jobs” had gone the way of the dodo. The ABB maintains that the pace of these layoffs “will accelerate” following the government’s recent decision to slash the maximum stake on FOBTs from £100 to just £2.

The number of online gamblers who opted for self-exclusion jumped to nearly 1.31m, a significant bump from the 1.12m who opted out between April 2016 – March 2017. Of these gamblers, situs judi online over 68k cancelled their self-exclusion after the minimum time-out period. Retail betting self-exclusions fell to 38,766 from 39,092.

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Steve Pope, the psychotherapist treating the boy who burnt through £60,000 gambling on his father’s business credit cards, says he regards gambling as more insidiously damaging than smoking ‘because it’s openly advertised everywhere in such a fun, exciting way, but the long-term consequences are very, very real and disastrous’.

He told the Sunday Mirror: ‘I’ve been working in addiction recovery for over 30 years and I’m staggered at how many gambling addicts under the age of 20 are coming through my door.’

Last week, I had a meeting with the Secretary of State for Digital, Culture, Media and Sport, Matt Hancock. situs judi online Partly, I wanted to congratulate him on his tremendous decision last month to reduce the legal maximum bet on High Street Fixed Odds Betting Terminals from £100 to £2. But I also urged him to act against the saturation of our country with gambling ads which — to put it no less harshly than they deserve — are grooming our children into addiction.

Otherwise, there will be more families destroyed than we can yet imagine.

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